Tag Archives: drilling

A quick round-up of three stories flying below the radar that we find important lessons in: i) a leading indicator of Norwegian mature field development just plummeted, ii) H&P just paid an injured rig hand $72mm, and iii) Patterson-UTI is finding it easy to return idle land rigs to work. …

In news from Rowan Thursday afternoon, we observe drilling contract negotiations taking a different kind of turn. The usual dayrate, duration, and specification sticking points that operators and contractors haggle over are expanding as deal-makers seek creative solutions to downturn problems. Exclusivity is being granted by an operator in exchange for more favorable early-termination release. …