I was trying to find some data points for looking through some of the oil and gas companies, just to assess how they are looking. Then i chanced upon this JP Morgan high yield and leveraged finance conference presentation slides of Hercules Offshore. You can view the slides here. This was in February 2014, which is a year and a half  ago. The offshore driller sought to provide some data points for the past few years on the outlook of the oil and gas industry, their utilization rates, revenue back log, the international rig demand and supply since 2004, the day rates by regions. Looks to me they build up a fair bit of orders, just like how Keppel corp would report it. However, you do observe that there are periods of lull demands  in the past in 2010. This slide is powerful to show that forward looking demand remains ......