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Mobile rig utilization in the Gulf of Mexico fell again this week. Total fleet utilization is now 56.6% with 69 of 122 mobile rigs under contract or committed for work. Marketed utilization, which excludes those cold stacked and other non-marketed rigs, dipped to 82.1% with 69 of the 84 units under contract. - July 10, 2010
A lot of newbuild land rigs are in the pipeline despite a persistent overall capacity surplus. Most are >1,000-1,500 hp, considered the ideal size rig for tackling the shale plays that dominate U.S. land drilling today. According to a survey of data in RigData’s rig equipment database, The... - July 10, 2010
Onshore drillers won’t escape repercussions from the catastrophic blowout and oil spill in the Gulf of Mexico. Counterintuitively, not all of the repercussions will be negative. But there will be enough “spillover” impacts to give land drillers heartburn for years to come. - June 25, 2010
Mobile rig utilization in the Gulf of Mexico rose this week as one semi went idle, offset by a return to contracted for two jackups previously counted as idle. Total fleet utilization is now 59% with 72 of 122 mobile rigs under contract or committed for work. Marketed utilization, which excludes those cold stacked and other non-marketed rigs, is virtually unchanged at 85.7% with 72 of the 84 units under contract. - June 23, 2010
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