[TWfromTEXAS]

Utilization rates of large deepwater rigs in the Gulf is NOT seasonal. It is on Canadian land rigs and perhaps in the Tasman Sea and the North Sea, but not on gorillas in the Gulf.

[Jewbacca]

My comment was not limited to “deep water” Gulf rigs; it was industry wide.

That said, the shallow water Gulf rigs near LA and TX ARE seasonally affected, and much more active in the spring/summer months.