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Day rates published by IHS are presented in good faith based on our best understanding of the market at the time, and may be subject to adjustment. Day rates are charted as an average of the high and low for each month. Utilization is the percentage of contracted rigs out of the total competitive fleet supply. The data is updated on or about the 15th of each month. The data points used to derive the averages are available to subscribers to Petrodata's RigBase or RigPoint market intelligence tools.
With thousands of wells operating in 10 U.S. states, this independent oil and gas company has boosted productivity by enabling daily gauging and allowing staff to focus on high-value tasks rather than data management as well as returning well production to peak levels several days faster by decreasing the time for troubleshooting.
This Danish energy firm makes expert use of an IHS tool to meet tight deadlines for project bids -- eliminating the need for hundreds of hours of manual cost-estimation and saving 75% of the time required to ramp up an outside contractor -- while giving decision makers confidence in the estimates’ proven accuracy.Learn more about our client’s successes
One of the world’s largest energy companies – a Fortune 100 leader in global oil, gas and chemical markets – turned a potential business disruption into a new opportunity to drive efficiency and innovation by providing 9,000+ worldwide employees with easy access to a major catalog publication via a single online platform.Learn More About Our Customers Success
To lower costs enterprise-wide, a global energy company asked IHS to review 35 internal standards and list 143 comparable international standards. Research uncovered conformity opportunities including 25% savings on casing/tubing for $5 million annually and $180 million annually for conformance with ALL industry standards.Learn More About Our Customer's Success
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