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PXE - Analyzing Current Utilization And Day Rate Trends In The Offshore Drilling Industry - March 2020 Edition
Invesco Dynamic Energy Exploration &Production
About once a month, energy consulting firm IHS Markit releases a report on the offshore drilling industry that it calls the Offshore Rig Day Rate Trends report. In this report, the firm discusses both the utilization rate and leading market new contract dayrate trends for four types of offshore drilling rigs that it believes serve as effective proxies for the broader industry. For the most part, it has chosen quite well as will be explained over the course of this article. These trends are important for investors to follow, as this data is important for