Oil drilling rig rates now

US Oil Drillers Slow Activity As Prices Hurt, Even in Permian

The total number of active drilling rigs for oil and gas in the United States slipped this week, according to new data that Baker Hughes published on Friday, following a 3-rig

Operators consider novel rig deals to limit day rates

Offshore staff LONDON — Offshore rig rates hit a nine-year high last year, according to a report from Westwood Global Energy Group

Offshore Drilling Rates Approaching $500,000 Per

The global offshore drilling market is continuing to experience a significant rebound with rig utilization now returning pre-pandemic levels,

U.S. Oil Drilling Rig Count Falls As Uncertainty Mounts

The number of active U.S. oil and gas drilling rigs fell for the second consecutive week, amidst a decline in US crude oil production and a drop in oil prices.

Global Land Drilling Rig Dayrate White Paper

Since the oil and gas downturn of 2014 there has been significant pressure on drilling service costs, including land rig dayrates. One of the most

US Oil Drilling Activity Continues to Slow

The total number of active drilling rigs for oil and gas in the United States fell again this week, according to new data that Baker Hughes published on Friday.

Report: ''Big 3 offshore drillers'' reporting increasing day rates

The analysis noted that day rates have rebounded sharply for select rig classes, with incremental demand emerging from key geographies. Leading edge day rates are

US Oil and Gas Wells by Production Rate

Overview Technological innovation in drilling and completions has resulted in growth in U.S. oil and natural gas production over the last 15 years. Exploring

Oil Rig Count Rises Amid Slide in Oil Prices

2 days ago· The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on

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Currently, the number of active drilling rigs in Kansas stands at 18, down from 25 active rigs a year ago, reflecting a decline of 28%. Wildcat exploratory wells now account for

How Much Does a Drilling Rig Cost in 2025? (New,

The cost of buying a new drilling rig ranges from $3-4 million for basic land rigs to over $1 billion for advanced offshore rigs. Land rig rentals

US Oil Drillers Continue To Back Off As Prices

The total number of active drilling rigs for oil and gas in the United States slipped again this week, according to new data that Baker Hughes

2024 offshore drilling outlook: Westwood''s top three

The offshore drilling market has been reaping the benefits of the ongoing upcycle, as rising demand and tightening supply brought higher day

North American Rig Count, Drilling and Frac Spread

Find U.S. and Canadian rig count and drilling data, and use Oilprice ''s graphing tools to compare oil prices, frac spread, production

U.S. Oil Companies Are ''Battening Down the Hatches''

After two months of crude oil prices hovering around $60 a barrel, companies are shutting down drilling rigs and laying off workers as they pare

Drill rig day rates to peak at $500k in 2023 – Westwood Energy

Drill rigs are expected to have a busy year in 2023. So much so that Westwood Global Energy Group sees day rates shooting up to US$500,000. Last year, Westwood said

Global Land Drilling Rigs Tracker

Each month Westwood''s onshore team provides a global update on land drilling rig supply, with data sourced from and analysed using Westwood''s Global Land Rig tool.

Global Offshore Drilling Rig Dayrate Forecast

Westwood''s Global Offshore Drilling Rig Dayrate Forecast 2024-2028 report provides detailed insight on historical offshore drilling rig dayrate

U.S. day rates extend slump, but most drillers foresee busier H1

The rig utilization rate ended December at 74.01%, the lowest of the year. "There is no wait time for just any rig, but a short wait time to engage a specific rig," an Ark-La-Tex

U.S. day rates extend slump, but most drillers foresee busier H1

U.S. drilling day rates took a tumble in 2024, finishing the year lower than they began for the first time since the COVID-19 pandemic. The Enverus Day Rate Survey''s U.S.

Drill rig day rates to peak at $500k in 2023 – Westwood Energy

It also said outstanding rig requirements will result in continued rig demand for exploration drilling, with long-term field development programmes also adding multi-year

Clarksons Research: Offshore oil and gas vessel

Offshore oil and gas markets continued to strengthen in 2023, with the Clarksons Offshore Index rising by a further 27% to a multi-year high of

3 Key Trends To Watch In Offshore Oil & Gas Sector

The bearish sentiment that has ruled oil markets in 2024 has taken a toll on the offshore sector as traders worry whether oil prices will

Rig Count Overview & Summary Count | Baker Hughes Rig Count

The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. When drilling rigs are active they consume products and services

Offshore Drilling Rates Jump, Could Rise Further To

The costs of renting offshore oil and gas rigs have more than doubled over the last two years, and could rise to $500,000 per day, oil

Offshore drillers see tightening rig market, increasing day rates

In shallower waters, jackup rig demand continues to "steadily increase," and the contracted jackup count now at its highest level since mid-2015, he said. As a result, active jackup utilization is

RigLogix Offshore Rig Data | Westwood Global

We are the leading source of commercial offshore rig data and intelligence, trusted by E&P and supply chain companies. Request your demo now.

Offshore rig demand surges, yet new orders remain elusive

By Angel Gutierrez, S&P Global Over the last three years, the offshore rig market has been experiencing intense demand signals, reminiscent of past booms; however, rig contractors are

Offshore rig demand surges, yet new orders remain

By Angel Gutierrez, S&P Global Over the last three years, the offshore rig market has been experiencing intense demand signals, reminiscent of past booms;

US Oil Drillers See Sharp Decline in Activity

The total number of active drilling rigs for oil and gas in the United States fell yet again this week, according to new data that Baker Hughes

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