We spotted an article about scarcity for “super-spec rigs” affecting the shale marketplace. Super-spec rigs are high-end rigs with lots of bells and whistles. They drill better and faster than standard rigs. With inventories of super-spec rigs running low, prices to lease them are running high. The “day rate” to lease a rig with lots of bells and whistles is running over $30,000 per day. Base rigs, according to rig company Patterson-UTI, have days rates starting “in the mid-$20,000s.”
We spotted an article about scarcity for “super-spec rigs” affecting the shale marketplace. Super-spec rigs are high-end rigs with lots of bells and whistles. They drill better and faster than standard rigs. With inventories of super-spec rigs running low, prices to lease them are running high. The “day rate” to lease a rig with lots of bells and whistles is running over $30,000 per day. Base rigs, according to rig company Patterson-UTI, have days rates starting “in the mid-$20,000s.”