RigData Insights

The Rebound of Day Rates and Rigs

  • Monday, May 15, 2017
  • Posted By Meagan Wildfong
When will the market see a resumption of the top-tier rig newbuild programs that flooded the market in 2012–2014—what price point on day rates would t... Read More

A+ Grade for Class D Rigs Last Month

  • Wednesday, June 7, 2017
  • Posted By Meagan Wildfong
A powerful surge in day rates for the preferred Class D (1,500-1,999 hp) rig nationwide propelled the US average day rate to a gain of +1.07% in May, ... Read More

Platts RigData Analytics

  • Thursday, August 17, 2017
  • Posted By Meagan Wildfong
Oil and gas intelligence on the US land market designed specifically for analysts and investors.

Are the Big Rigs Headed for Revival?

  • Wednesday, February 28, 2018
  • Posted By Meagan Wildfong
Are the big rigs headed for revival? The available rig ratio hit zero across the board for the big rigs (2,000 hp+) last week—every single region had ... Read More

Then and Now: Class D Rigs

  • Thursday, March 8, 2018
  • Posted By Meagan Wildfong
Class D (1,500–1,999 hp) rigs now account for nearly 9 out of 10 active land rigs in the US.




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