Energy Which US operators have seen the largest decline in rig counts?
With operators cutting guidance and rig counts falling, UBS Evidence Lab's GPS-driven rig data, broken down by operator and basin, provides precise and timely information for differentiating between companies.
- The onshore rig count in the lower 48 states is down >50% YTD.
- Gas-focused areas and the Permian basin have seen a lower reduction in counts.
- Some plays with less favorable economics are down to nearly zero (San Juan, Arkoma, and Piceance, among others).
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Rig Count in Lower 48 US States – Change in 2020 YTD
Source: UBS Evidence Lab; underlying data provided by DrillingInfo, Inc. and used with permission
