RigData Insights

Operators See Opportunities To Help Land Rig Count Nosedive

  • Tuesday, March 10, 2015
  • Posted By Unknown
Operators high-grading drilling opportunities in the major shale plays are helping to ease the nosedive in the US land rig count, according to RigData... Read More

Land Rig Utilization Averages Over 65% in Q3

  • Friday, September 18, 2015
  • Posted By Huggins Huggins
US marketed land rig utilization has averaged slightly over 65% in Q3, the best quarter this year, according to the RigData News & Analysis team, writ... Read More

Operator Strategies Favor Less Drilling, More Completions In Near Term

  • Tuesday, November 17, 2015
  • Posted By Huggins Huggins
As operators continue to press the envelope on optimizing their resources by high-grading drillable locations and leveraging vendor cost concessions, ... Read More

Higher Horsepower and Higher Tech Rigs See Increased Demand

  • Tuesday, November 17, 2015
  • Posted By Huggins Huggins
With increased demand for greater horsepower, higher-tech drilling rigs in recent years, the average age of active rigs has decreased by 41% since 1Q ... 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

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