Service & Supply | Rig Count | Top Story | Oilfield Services | Drilling Activity
Patterson-UTI Expects +50 Rigs To be Added in 2023; PE-backed E&P To Lead.
Email
Print 
Bookmark
Patterson-UTI provided some info on its annual survey during the most recent earnings calls.
The company said "As part of our 2023 planning process, we recently completed a survey of a large representative sample of our customers across each of our major businesses to better understand their drilling plans. I believe you will find the results enlightening.
Our broad customer base represents a diverse cross section of the U.S. drilling and completions market, ranging from the largest super majors, to public independence, to small private operators. Interestingly, the more than 70 customers we recently spoke with and who primarily drill and complete horizontal wells plan to add an additional 40 drilling rigs in the fourth quarter and almost 50 rigs in 2023.
We believe this is a good cross section of E&Ps working in the U.S. and an indication of the activity strength in the U.S. market. And while there has been a lot of discussion about what private E&Ps will and won't do, the ones we spoke with plan to add a total of almost 20 rigs in the fourth quarter of 2022 and another 20 rigs in 2023. And interestingly enough, the increase by private E&Ps is led by those backed by private equity."
Related Categories :
Rig Count
More Rig Count News
-
SM Energy Hits Record Output; Driven by Uinta
-
EQT Provides an Update on Rigs & Frac Crews, Post Recent Transaction -
-
These Permian Companies Will Frac 3600 Wells In 2025, Using 160 Rigs & 55 Frac Crews -
-
Appalachia E&P Details 2025, Rig, Wells & Completion Crew Programs -
-
Coterra Energy Second Quarter 2022 Results
Ark-La-Tex News >>>
-
Crescent Energy Said to be in Advance Talks to Acquire Pure Play Permian, Vital Energy -
-
ConocoPhillips to divest Anadarko Basin asset for $1.3B -
-
Silent Surge: Operator Tops Antero in Utica Well Performance
-
Gas Players : A Comparative Analsysis
-
SM Energy Hits Record Output; Driven by Uinta
Gulf Coast News >>>
-
Refracs That Compete: Eagle Ford Wells Return to Life
-
The Permian Play: How ExxonMobil Is Rewriting the Shale Narrative -
-
Large Cap E&P To Reduce Drilling & Completion Activity in 2026 -
-
Expand Energy Talks, Wells, Frac Crews, Production For 2H-2025 -
-
$2.4B Deal Gives MPLX Sour Gas Edge in Permian -
