US Land Drillers See ’Stabilizing’ Rig Count

摘要

Onshore drilling companies in the US are hopeful that the rig count declines in the second half of 2019 have begun to stabilize and that demand for rigs will start to tick up in 2020. Drillers such as Helmerich & Payne (H&P) and Nabors Industries believe that continued strong demand for the highest-specification rigs will keep the overall rig count stable and could lead to a modest increase in the rig count in the first quarter of 2020.