RigData Insights

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

The Rise, Fall and Rebound of AC Rigs

  • Wednesday, April 19, 2017
  • Posted By Meagan Wildfong
AC-powered rigs, especially Class D (1,500–1,999 hp) models have dominated drilling over the past decade in line with the overwhelming dominance of ho... Read More

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

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