RigData Insights

Don't Expect Many Newbuilds In 2016

  • Monday, January 11, 2016
  • Posted By Huggins Huggins
Rig demand is so dismal today that drilling contractors are rejecting notions of ordering newbuild rigs or even implementing major refurbishments, acc... Read More

Demand For Land Rigs Continues To Scrape Bottom

  • Monday, January 4, 2016
  • Posted By Huggins Huggins
Demand for land rigs continues to scrape bottom and remains at near-time lows, with no marked improvements in rig wait lists, bid requests, or work ba... Read More

Operator Capex vs U.S. Land Rig Count

  • Tuesday, December 22, 2015
  • Posted By Huggins Huggins
In addition to the often-cited strong relationship between WTI crude prices and the US land rig count, there is a similar robust correlation between o... Read More

US active land rig count continues to probe for a new bottom.

  • Monday, December 21, 2015
  • Posted By Huggins Huggins
Much like the prices of oil and natural gas, the US active land rig count continues to probe for a new bottom.

Floor Hands Take Hardest Hit In 2015 Downturn

  • Monday, December 14, 2015
  • Posted By Huggins Huggins
Drilling contractors in all regions cut wages in each category of rig worker this year, according to the Land Rig Newsletter.

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