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Marshall Adkins: US onshore rig count has potential to average 1,000 by 2017

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After almost two years of falling oil prices and rig counts, the industry should soon begin to see the light at the end of the tunnel. Raymond James and Associates is forecasting oil prices to average $60 in Q3 this year and $75 in 2017. “I think we are right at the beginning of a multi-year cyclical upswing in our business,” Marshall Adkins, Managing Director at Raymond James, said...

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DC visit, Texas Rule 13 among key government affairs issues impacting onshore drilling

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IADC and onshore drilling contractor members visited Washington, DC, in April to engage with members of Congress and OSHA on issues that are impacting the industry. “We used this opportunity to refresh and reset IADC’s presence on Capitol Hill,” said Liz Craddock, IADC Vice President of Policy and Government Affairs. IADC has also continued to advocate for onshore drilling contractors at the state level...

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BSEE turns focus to implementing Well Control Rule

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The US Bureau of Safety and Environmental Enforcement (BSEE) is reassuring the industry that it will have up to five years to comply with the more capital-intensive provisions of the Well Control Rule. In an interview with DC at the 2016 OTC in Houston on 4 May, Lars Herbst, Regional Director of the Gulf of Mexico for BSEE, said the agency is now working on implementing the rule...

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