Uncategorized

S-O 2024 – Markets_2

By the end of 2025, an additional 40 rigs are forecast to be active in the Lower 48 relative to current levels. This assumes that faster drilling operations will keep opeators from needing more rigs, with Wood Mackenzie estimating that, for every 5% improvement in drilling efficiency achieved, 28 fewer rigs will be needed.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button