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OFS - US onshore dayrates post first monthly decline since 2016 - January 2020

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The US land rig average dayrate declined in December from November, the first sequential decline in more than three years. In December, the average dayrate, aggregated across all regions and rig classes, fell by 0.18% to $18,006, a drop of $32 from the month before, according to the latest survey conducted for Enverus’ Day Rate Report. Dayrates had been rising steadily since 2016, but the rate of growth shrunk increasingly during 2H19. In October......
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