Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
Last year started out with 1,749 rigs in the US, peaked in September with 2,014 rigs and finished the year with 1,782 rigs, giving an average of 1,878, which is a 6.2% increase for 2008. Looking at the monthly rig count, a sharp dropoff was seen beginning in December and continued into January, with rigs falling to 1,574 at the start of 2009. Last year we forecast an average of 1,854 for 2008, so we were off by 24. The rig count for 2008 grew the most in Texas, with a 64-rig jump to 844. North Dakota saw the largest percentage increase over 2007, running 74.4% more rigs in 2008. Over the past two years, US rig growth has slowed, and it appears to be at an end in 2009. Looking ahead, we are predicting the rig count to decrease 21.5%, to an average of 1,478 rigs by the end of 2009.
Directional drilling of gas wells fell off toward the end of 2008, averaging 80.2% in the first half of the year and 78.5% in the second half, averaging 79.3% for the year. The gas/oil drilling split has remained stable over the past few years.
This area of the site is restricted.
In order to gain access, please either Log
In, or subscribe to World Oil.
Two options are available to you for creating an account.
1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.
Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.
2. Purchase a subscription to World Oil magazine and gain immediate
and complete access to World Oil Online. As a Total Access subscriber
you will have access to all areas of the site available to registered users and
free subscribers as well as having access to such premium content areas as:
Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.
If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.
World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.
Houston, TX - November 4-5
The Woodlands, TX - November 17-17
Houston, TX - November 18-18
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.