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I think you’ll see some of those go back to work as well, because if you need a rig in the next two months, you need to take something that exists today without a significant upgrade.
Current rig additions may not be the most productive rigs
Transcript
2022 Q1
10 May 22
when you look at our budget and our plan this year, we’ve got about 10 upgrades that we’re doing in the budget. We’ve got another two dozen rigs that can be upgraded at relatively low CapEx to get them to what we call Tier 1 super spec.
about 10% - 20% increase from current operating levels
Transcript
2022 Q1
10 May 22
I think the duck out has essentially worked through and we’re having to drill new wells.
DUCs may have bottomed
Transcript
2022 Q1
10 May 22
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