US land drillers hold inventory of 316 stacked rigs

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 ...

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.

Stay Connected