Target Hospitality (TH) Stock: Hitting The Center Of Success
Target Hospitality Corp. shows solid performance and a well-grounded financial positioning. Click here for an analysis of TH stock and see why I rate it a Buy.
Stay updated with breaking news from Rig Counts. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Target Hospitality Corp. shows solid performance and a well-grounded financial positioning. Click here for an analysis of TH stock and see why I rate it a Buy.
The Permian led the nation in drilling rig activity in the past year, with data showing much of that growth coming from large, public upstream operators as private companies such as CrownQuest Operating, Iskandia Energy and Mack Energy have downshifted.
U.S. oil rigs fell seven to 600 this week and gas rigs stayed unchanged at 151, still up 103 rigs, or 15.8%, over this time last year.
The U.S. oil rig count rose to 609 by 10, while the gas rig count fell to 150 by eight, according to Baker Hughes.
Tightness in supply, staffing constraints and high oil prices all contribute to Esgian’s projected 13% growth in offshore rig demand for 2023.