North American rig count this week:
US: -38(-20 oil, -18 natural gas)
Canada: +8
When will it end? Maybe it won't. Why stop at zero. -1000 is a number, right?
Seriously I'd estimate that we will hit bottom between 1st of June and 14th of July. This year.
North American driller stocks YTD:
Land(Patterson-UTI, Bronco Drilling, Parkinson Drilling Company, Union Drilling, Helmerich & Payne)
Offshore(Ensco, Noble, Atwood Oceanics, Diamond Offshore Drilling, Pride International, Transocean)
Offshore 247: North Sea drilling in decline
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