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Nabors Talks What to Expect in Lower 48 Drilling Market for 2021
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"Comparing the first quarter and fourth quarter averages, the Baker Hughes Lower 48 land rig count increased by 28%. According to Inverness [ph], from the beginning of the first quarter through the end, the Lower 48 rig count increased by 116 or approximately 30%. The growth rate among smaller clients outpaced the growth of the larger operators at 39% versus 13%. Among the larger clients, approximately two thirds only modestly increased their operating rig counts or held them flat."
Which Companies Grew Rig Count?"In comparison, with our focus on larger midsized companies, our own average working rig count increased by 21%. Our total recount increased by three…
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