RigData Insights

Overall Work Outlook: Work Volumes Expected to Increase During Next 6 Months

  • Wednesday, January 11, 2017
  • Posted By Meagan Wildfong

SurveySays

Source: Day Rate Flash Report | December 16, 2016

 

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 the same sentiment in the prior survey.

 

Another 21% expect work volumes to remain unchanged from current levels, while 18% expressed uncertainty about the future outlook for work volumes. For the second survey in a row, none of the drillers expect less work volume than current levels.

 

The Day Rate Flash Report is a feature of RigData's Day Rate Report Service and is published intermittently each month. For more information on the Day Rate Flash Report, please contact Customer Service at 800-371-0083. 

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