“We assume new contracts on ultra-deepwater rigs will be in the $200,000 to $225,000 per day range, on average, in 2019, increasing to about $250,000 per day in 2020, with some variation depending on the rig quality and location.” During the peak utilization times in 2013, high-end floater commanded dayrates of over $600.000. Utilization rates have been slightly increasing across the offshore drilling industry due to a combination of increasing tendering activity and higher scrapping activity.For the most part, day rates h Day rate (oil drilling) is a metric that investors in the oil and gas industry watch to evaluate the overall health of the industry. The day rate makes up roughly half the cost of an oil well. Of course, the price of oil is the most important metric by far in the oil and gas industry. That said,