Sharpest & Shortest Drilling Recovery In Modern US Land Rig History?

The falling rig count is playing heavily into early 3Q17 conference call discussions, particularly after last week’s big drop. We’ve long thought this correction was expected, but reaction to the decline reminds us that nothing is ever truly “priced in” until it happens.

Here’s some context on where we’ve been, where we might be going, and how it compares to history.

There’s a lot more to this story…

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Drilling rig photo of the week from social media:

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