Drilling Rigs - RegionTrack

Oil Rig Drop Now Exceeds 2008-09 Nat Gas Rig Collapse (06/03/2015)

June 3, 2015
mcsnead
Graphic, Pic of the Week, Uncategorized

The ongoing drop in the number of drilling rigs searching for crude oil now exceeds the collapse in natural gas rigs suffered back in the 2008-2009 period. Our pic of the week illustrates the similarity in size and pace between the respective oil and gas drilling collapses. Crude rigs are off

Is the U.S. Drilling Collapse Coming to a Halt? (07/09/2015)

July 9, 2015
mcsnead
Pic of the Week, Uncategorized

The U.S. drilling rig count is now down 55% since September 2014. The decline has reached 60% in both Texas and North Dakota.

Our pic-of-the-week highlights changes in the latest data that suggest we may be getting much closer to a near-term bottom in the rig count. Most importantly, the overall