Identifying Ways to Reduce Drilling Budgets in the Low Oil Price Environment

August 31, 2015 | State of the Market Report

Current oil prices remain low and the rig count remains half of what it was at the start of the year. These conditions are causing operators to restructure and streamline operations. Operators are likely to focus on improving drilling efficiency.With many new technologies available, start-ups in the drilling industry that reduce non-productive time – whether replacing personnel, such as Robotic Drilling Systems, or preventing disaster like 5d Oilfield Magnetics – will be the most successful. To understand the impact of these technologies, it is crucial to understand the process of completing a drilling project and identify major pain points.

Coverage Area

  • Owning the Energy Transition

Table of Contents

  • Title page
  • Landscape: Understanding drilling operations
  • Analysis: Optimizing drilling costs
  • Outlook

Lead Analyst

Colleen Kennedy


Daniel Choi
Brent Giles, Ph.D.

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

Already a Lux Client?

Sign In

Interested in Learning More?

Contact us to learn the benefits of becoming a Lux member.

Or call us now

For North America (Boston Headquarters)
+1 (617) 502-5300

For EMEA (Amsterdam)
+31 20 280 7900

For APAC (Singapore)
+65 6592-6978