FORT WORTH, Texas--(BUSINESS WIRE)-- RigData, the oil and gas industry’s source for information pertaining to drilling activity, has released the US Land Rig Five-Year Forecast.
This forward-looking report provides data and viewpoints for the upstream market that considers factors such as: drilling technology, demand for crude, production from offshore/high cost environments, Capex outlooks and price pressure on oil field service companies. The US Land Rig Five-Year Forecast projects that the US onshore active drilling rig count will not regain its pre-bust levels for at least the next five years. Even after beginning a modest recovery next spring, the US land rig count by 2020 will still fall short of its recent peak in 2014 by almost 25%, according to RigData projections.
“Our customers have been asking for information and tools that would help them to better forecast where business will be in the near and mid-term. I asked our team to develop this as an important source of planning information for the upstream industry services, operators and those analysts that track the players,” said RigData’s President, Ed Seifert. “In this challenging business environment the needs are great and we think the timing couldn’t be better to help our customers.”
The US Land Rig Five-Year Forecast, both in print and PDF formats, also includes a dataset of supporting data for easy import. To purchase the US Land Rig Five-Year Forecast or for more information please contact RigData at 800-627-9785 or firstname.lastname@example.org.