Tag Archives: weekly rig count update

There’s been a lot of focus on the Lower 48 natural gas plays as a source of relatively strong oilfield service demand in the oil crisis. This week, we took a data-driven look at a variety of activity metrics in the play – a “wellness check” if you will… There’s …

From peak to trough, last cycle’s X% rig count in South Texas decline took X months. This cycle, a X% drilling decline has played out in just X months…. There’s a lot more to this story… Login to see the full update…  To read this update and receive our research …

This update offers up a mixed bag to the many good Infill Thinking members whose economic interests lie in the oilfields of Midland, Carlsbad, Kermit, and the surrounding area. Feature image taken by the Infill Thinking team on a recent trip to gather in-basin market intel for members… There’s a …

In the wreckage of the land drilling market, there’s a clear bifurcation of fortunes. 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 …

The Permian Basin rig count is down 50% from March, with little variance in the percentage decline between the Midland and Delaware Basins. But the downtrend does vary county by county… There’s a lot more to this story… Login to see the full update…  To read this update and receive …

Three land drillers have given rig count guidance for how far their rig counts are expected to fall by the end of 2Q20 so far. While we await the other four or five land drillers we track to report, the sum of rig count guidance so far tells us some …

We are currently in the throes of the sharpest rig count contraction in history, and we expect the next several weeks to register continued large drops as the US land rig count is likely to fall sub-200. There’s a lot more to this story… Login to see the full update…  …

On an historic Monday when the WTI front month contract fell more than 300% into negative territory, natural gas spot prices were up 10%! Here’s a look at bifurcating fortunes by basin focus… There’s a lot more to this story… Login to see the full update…  To read this update …

The US rig count is down 170 units in three weeks. On a percentage basis, (-22%) that is the… 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 …

Putting numbers to it, the total US rig count (land and offshore) fell by 108 rigs over the last two weeks, or a 14% decrease. Here’s how this crash stacks up against 70 years of US rig count history… There’s a lot more to this story… Login to see the …