Oilfield Services US Drilling Rig Report And Comps

This report tracks US land rig activity, noting a weekly increase of 10 rigs to 561 total. It also provides performance comparables for oilfield service companies against the backdrop of an 8% drop in WTI crude prices.

Key Takeaways

• 1.The US active land rig count increased by 10 week-over-week to 561.
• 2.Permian basin activity saw an increase of 2 rigs week-over-week, reaching 258 active rigs.
• 3.Oilfield services stocks under coverage decreased 2.4% week-over-week as WTI decreased by 8.0%.

Table of Contents

• Oilfield Services: US drilling rig report and comps
• Commodity prices
• US drilling activity
• Oilfield services comparables
• Stock performance
• Street estimate changes

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