US land drillers hold inventory of 316 stacked rigs

01/01/2001
These rigs have been stacked in Nabors Industries Inc.'s Enid, Okla., yard since the early 1980s. Nabors plans to upgrade and modernize much of its nonworking inventory if market conditions dictate (Fig. 1). Photo courtesy of Nabors.Click here to enlarge imageThe biggest US drilling contractors could increase the number of land rigs working in the Lower 48 states "pretty dramatically" simply by activating some 300 stacked units, said Gene Isenberg, chairman and CEO of Nabors Industries Inc., Houston, at the October annual meeting of the Independent Petroleum Association of America in San Antonio. "There are a lot more [stacked] rigs available than most people think," he said. Those ...
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