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The ReedHycalog rig census has been an industry standard for half a century. When Grant Prideco acquired ReedHycalog last December, it was felt that the industry valued having an annual barometer of the drilling fleet, so the census was reactivated. Because the census was not taken in 2002, an estimate of activity was developed using information supplied by Rig Data. The US rig fleet remains strong, losing just three units since the census was taken two years ago. Drilling activity has fluctuated greatly since 2001’s activity peak. However, fleet utilization still measures a solid 78% according to this year’s data.
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Houston, TX - November 4-5
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