Tag Archives: Drilling recovery

US Drillers Add Oil Rigs For Record 23rd Week In A Row

U.S. energy firms added oil rigs for a record 23rd week in a row, extending a year-long drilling recovery as producers boost spending on expectations crude prices will rise in future months despite this week’s decline to a 10-month low. Drillers added 11 oil rigs in the week to June 23, bringing the total count […]

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A December to Remember – The Biggest US Drilling Gain in Three Decades

A December to remember – the biggest US drilling gain in three decades U.S. land drillers sent 2016 packing with a bang. Since May, the drilling recovery has looked exceptionally strong on a percentage basis. The December trend looked exceptionally strong on an absolute basis, too, with 65 U.S. rigs returning to work. December 2016 […]

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