News and AnalysIs for

We have not published these statistics from Campetrol for a while and they are somewhat old considering all the evidence of drilling activity in 4Q12. They do indicate where the action is and the Free / Contract statistics are evidence of availability for those who need equipment (for glass half full types) or perhaps lack of activity (for glass half empty types). Utilization was at 70% in October 2012 versus 83% in November 2011. (Note that our numbers vary somewhat from Campetrol’s figures. See the Methodological Note at the bottom of the article.)

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