Home / Microsites / Onshore Advances (page 2)

Onshore Advances

US land drilling faces long road to recovery

Increase in onshore rig count is likely to be minimal next year as E&P companies will remain cash-strapped and favor conservative spending By Stephen Whitfield, Associate Editor Around this time a year ago, US onshore drilling appeared to be in a tough spot, with analysts projecting drops in the rig count and a slowdown in production as operators continued to prioritize cash flow. Still, no one could have predicted the events that followed. The COVID-19 pandemic and the oil price crash threw a significant wrench in nearly every facet of the industry, even more so than the 2014-2015 downturn. Onshore operators responded with massive CAPEX cuts in the first months of the year. Then, largely due to shut-ins and curtailments, ...

Read More »