L48 Land Rig Count – Back above 700 in 2024
L48 land rig count expected to climb back above 700 to meet 2024 drilling projections.
Global Drilling to Increase 6.1% in 2024... Setting up a Multi-Year Growth Cycle.
Global Drilling to Increase 5.9% in 2024... Setting up a Multi-Year Growth Cycle.
Offshore and International Growth Remains Durable, But Operator Buying Behaviors are Changing...
Offshore and international growth remains strong as operators work to restore lost production capacity following several years of...
Exploration Poised to Increase in 2023 “Let’s go Elephant Hunting”
Operators are increasing exploration activity following several years of underinvestment and in search for the next elephant
Buying Behaviors of Operators Change in Ever-tightening OFS Market
Buying Behaviors of Operators Change in Ever-tightening OFS Market
Global Drilling to Increase 14.2% in 2023
Oil and gas operators worldwide report plans to increase the number of wells drilled in 2023 by 14.2%
DUC DUC… NO. The Growing spread between Drilling Rigs and Frac Fleets.
The rig count in US land has increased by nearly 200 in 2022 while increases in frac spreads has trailed. The exhibit below highlights...
It Just Keeps Coming... Drilling and Completion Efficiencies Continue to Increase
Just when you thought drilling and completion efficiencies were topping out, we are proven wrong…… again! The grit, innovation, and...
Energy Loud & Energy Proud – Global Drilling to Increase 14.9% in 2023 to Meet Growing Demand
Oil and gas operators worldwide report plans to increase the number of wells drilled in 2023 by 14.9% in response to growing demand and...
Drilling to Increase 16.1% in 2022
Operators worldwide report plans to drill 16.1% more wells in 2022 versus 2021. Regional variances are observed, with US land operators...
