Rig Owners See ’Exhausted’ E&P Budgets by Third Quarter

摘要

Two of the top owners of onshore drilling rigs in the US warned of a further decrease in drilling activity in the second half of the year as cost-conscious operators exhaust their annual budgets more quickly than expected. John Lindsay, the CEO of Helmerich & Payne (H&P), said his call three months ago that the US rig count had hit a “bottom” and would start to rise again “turned out to be premature."