Iso - That's an all cash number, ten oil companies including P, TX, CHV, MRO, BSNX, BR, AOG, TLM, APC, XTO.
I only broker offshore rigs, but keep my ear on everything. I haven't heard of any land rig buying/selling of any measure. Again, who would sell?
Like Bob Palmer of Rowan told me a few weeks ago when I asked him why not sell a few rigs:
When business is good, I don't want to sell. When business is bad, no one wants to buy. ...and so it goes as The Dog continues to search for those investors and rig owners of vision that boldy deal in the future and not the present.
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