RigData Insights

Land Rig Day Rates Fall Sharply

  • Tuesday, April 28, 2015
  • Posted By Unknown
Land rig day rates have fallen sharply this year—no surprise, given plunging rig counts and a grim near-term oil price outlook. But there are still mi... Read More

Drillers See No Relief In Sight

  • Thursday, February 25, 2016
  • Posted By
Ongoing surveys for RigData’s Day Rate Report this month point to growing fears among drillers that not only is there no relief in sight but that cond... Read More

Overall Review: Market Conditions Worsen

  • Tuesday, March 1, 2016
  • Posted By
As bad as drilling markets have been, there is growing fear among drillers that not only is there no relief in sight, but conditions actually could be... Read More

US Land Rig Day Rate Decline Becomes Relentless

  • Thursday, April 7, 2016
  • Posted By
The relentless decline in US land rig day rates continues. Yet the US average day rate, aggregated across all rig classes and regions, eased its desce... Read More

Mid-Continent Drilling Update

  • Tuesday, May 31, 2016
  • Posted By
Midcontinent: Most Midcontinent drillers surveyed to date in May report no improvement in market conditions but instead said rig wait lists, bid inqui... Read More




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