Stay Connected

Reed Hycalog: Rig building persists while NA fleet use drops

12/03/2007
Robust pricing for oil and gas continue to drive North American fleet growth in the drilling market, and the number of land and marine drilling rigs continues to increase worldwide, according to Grant Prideco’s 54th annual ReedHycalog rig census.The census data represent activity during 45 days, May 2- June 15, 2007. A rig is counted as being active if it has “turned to the right” at any time during the 45-day period.North American rig fleet utilization has decreased over the past year.The US fleet rose to 2,817 rigs, up 23% from 2006, but utilization dropped to 85%, down 11% from a year earlier. The increase in the fleet resulted from 614 additional rigs, of which 349 w...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.