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  • Bob de'Long
    B-H US rig counts: oil = -10; gas = -21. High efficiency walking rigs replacing slower conventional rigs.
    9/7/12
    Reply (5)
    • Bob de'Long: Texas was -20 rigs. I not sure what to make of this.
      9/7/12
    • Ocean Man: Surprising, not sure why.
      9/7/12
    • Bob de'Long: Sometimes, I supect there is a lot of measurement error. I think B-H salemen collect the data. Canadas numbers a very erratic.
      9/7/12
    • Bob de'Long: HP has mostly very new rigs and doesn't feel the full effect, but rig rental rates are falling even for the best rigs.
      9/7/12
    • Ocean Man: Nat gas rigs are down to 450 from 890 one year ago, a drop of 50%.
      9/7/12