It has become a tradition for me to provide a monthly update on the dayrate and utilization trends in the offshore drilling industry. This is to keep investors and potential investors informed as these two factors have perhaps the largest impact on the profitability of the industry of any other factors. The way that I usually provide this information is through the review of the IHS Markit Day Rate Trends Report. This report is published by IHS Markit, an analytics and consulting firm that counts many drilling contractors and energy companies among its clients.