RigData Insights

US Land Rig Day Rates No Longer In Free Fall

  • Tuesday, December 6, 2016
  • Posted By Cindy Williams
US land rig day rates last month achieved their best outcome—in terms of month-to-month (MtM) sequential change—in over a year,

Work Volumes Expected to Increase During Next 6 Months

  • Tuesday, December 27, 2016
  • Posted By Meagan Wildfong
More than 60% of surveyed drillers expect to put more rigs to work over the next 6 months, significantly more than the 25% of drillers who expressed t... Read More

Day Rates in All Regions Increased for the First Time in Two Years

  • Wednesday, December 28, 2016
  • Posted By Meagan Wildfong
As 2016 came to a close, most of the drilling contractors with AC and SCR rigs that Platts RigData surveyed in December reported that they have stoppe... Read More

New Year, New Gains in Land Rig Day Rates

  • Thursday, February 2, 2017
  • Posted By Meagan Wildfong
US land rig day rates on average—aggregated across all rig classes and all regions—rocketed up by 2% in January, reported the January issue of Platts ... Read More

Land Rig Day Rates Revealing Positive Changes

  • Monday, March 6, 2017
  • Posted By Meagan Wildfong
There is no better indicator of the rapid turnaround in the US land drilling business in the past few months than what has happened with land rig day ... Read More

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