RigData Insights

See what's inside the U.S. Land Rig Demand Forecast

  • Thursday, October 12, 2017
  • Posted By Meagan Wildfong

Executive Summary - An Excerpt

- Rig demand is flattening out

- Underlying commodity’s futures contracts are no longer re-inflating

- Capital budgets wane when realized commodity prices shrink

- Industry bias pointing to less need for rigs

- Domestic and global economies perceived to strengthen in 2018

 

Regional Analysis

 

regions

Executive Summary - An Excerpt

Platts RigData projects the US land rig count will average slightly better than 900 rigs actively drilling each month over the remainder of 2017. For 2018 we expect the US land rig count will average 941 active on a monthly basis, implying an advance of 79 rigs or +9% YoY growth based on our estimates for this year and next.

 

charts

 

Global Supply & Demand — OPEC's View   

demand

 Order today

 

Your report and dataset will be emailed immediately upon order with a hard copy of the report mailed via First Class mail.
Call customer service at 800-371-0083 or email CustomerService@rigdata.com. 

 

 

 

Archives


Topics




Login

Forgot your password?

Retrieve Your Password

Enter your email address and we will send you an email with instructions to reset your password.