Sunday, April 12, 2009

US rig count down continues after last weeks interruption

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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