Reed: U.S. rig fleet indicators on the rise

Dean E. Gaddy Drilling Editor U.S. Rig Utilization [78,775 bytes] Total U.S. Rig Supply Demand [77,209 bytes] U.S. Rig Fleet Changes [32,959 bytes] All indicators for the U.S. drilling rig fleet are on the rise, according to the latest annual rig census by Reed Tool Co., Houston. Total U.S. rig utilization increased to 87% in 1997, a 10% gain from the 1996 census. This is the highest utilization rate since 1981. Of the 1,665 available rigs, 1,447 rigs were engaged in drilling activities. During 1982-96, rig utilization averaged 61%. Details were released at the International Association of Drilling Contractors' (IADC) annual meeting in ...

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