During the third quarter, the US onshore rig count trajectory has finally leveled off. We wrote about the stall a couple weeks ago in this update. Speaking at an investor conference last week, two leading land drillers shrugged off the industry-wide rig count stall. See what they said in the …
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The US onshore rig count increased 3 rigs to 733 running last week. The US land rig count is now up 359 rigs from the May 2016 bottom. Much of these gains have come from the Permian, where growth is being driven by horizontal drilling in both the Midland Basin and the Delaware …
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ConocoPhillips is baffled by recent dayrate hikes by the US land drillers. And they aren’t the only operators that feel this way we take a look at what ConocoPhillips’ CEO had to say about it and explore why the operators shouldn’t feel too bad about a few grand a day …
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This may sound a little bit counter-intuitive, but bear with me: Patterson-UTI’s acquisition today signals that its build vs. buy strategic preference remains in tact. That’s because Patterson acquired a rig technology company this morning even though hundreds of idle land rigs are for sale as cheap as 15 cents on the dollar of build cost. …
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Infill Thinking Lifting the O&G knowledge curve
