Rig count. Yep… it’s down again. It’s been X weeks since the US onshore rig count registered an uptick. Year-to-date, the US onshore rig count is down X rigs. As the unyielding drilling decline continues, it’s worth noting how… There’s a lot more to this story… Login to see the …
Read More »Lower 48 Drilling Activity Falls To Nearly A Two Year Low
Analysis of the deep cuts in drilling activity across multiple basins last week… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If you are new to Infill Thinking, or your membership …
Read More »An Important Inflection For Permian Drilling This Summer, Predicted By Permits
The rate of positive growth in Permian drilling activity began to slow down in mid-2017. It stagnated in 2018. And it has faded into contraction in 2019. Over this period, the relationship between… There’s a lot more to this story… Login to see the full update… To read this update …
Read More »What Does It Say About E&P Appetite When Rig Contractors Can’t Even Drill For Free?
One day, we’ll all be able to tell our grandkids “I was there when contractors couldn’t put rigs back to work for free.” US onshore operators have lost their appetite for growth so much so that… There’s a lot more to this story… Login to see the full update… To …
Read More »Cloudy With A Chance Of Falling Rig Counts – Nabors Customer Survey Jives With Infill Thinking’s Recent Surveys…
Nabors recently released the 2Q results from its quarterly customer survey. In this update we examine how their results compared with several operator surveys and studies we conducted in May and July… There’s a lot more to this story… Login to see the full update… To read this update and …
Read More »Land Driller CEOs Concede The Staying Power Of The Unyielding Rig Count Slide
In our regular weekly rig count update, we highlight some recent commentary from two leading land drillers on market trends in the Lower 48 rig market. This commentary confirms two recent Infill Thinking exclusive reports… There’s a lot more to this story… Login to see the full update… To read …
Read More »Zooming In On The Unyielding 2019 Rig Count Slide
US land drilling has slide downward all year. While that’s likely no surprise to readers of this publication, it may be a bit surprising to some to see the unyielding slide shown in this zoomed-in look at the 2019 weekly progression in drilling activity. There’s a lot more to this story… …
Read More »The Only Rig Count Constant Is Change…
With 2Q19 in the books, here’s how horizontal drilling trends stacked up during the quarter across the major unconventional basins. Overall the US unconventional rig count was down X% during 2Q19… There’s a lot more to this story… Login to see the full update… To read this update and receive …
Read More »The Great Pause… A Look At The Current US Drilling Cycle In Crude Context
The drilling activity upcycle that began in 2016 started to take a breather in 4Q18. Now 2019 is shaping up to be the first down year in the past three years for rig count. In the 6-slide deck below, you’ll see the story of the current cycle in the context …
Read More »The DJ Basin’s Key County Is Working Hard To Turn SB-181 Lemons Into Lemonade. Its Neighbor Is Not…
When Colorado’s SB-181 legislation passed in April 2019, it injected new uncertainties in the tenuous Colorado energy regulation climate. In our weekly rig count update this week, we discuss the fall-out and then shine the spotlight on the state’s rig count trends at the county level. There’s a lot more …
Read More »