Press Esc to close



For full content view: Log in Now!

  • Small E&P firms to determine direction of US land market in 2007

    R. Mason

    Is it the pause that refreshes, or a signal of a maturing land market? With the first half of the year behind the industry, the US land market is still a puzzle when discussion turns to how drilling activity will play out in 2007. Depending on which rig count one follows, activity is either slightly up (Baker Hughes, by 4.6%) or has decreased by as much as 100 rigs at various times since October 2006. Operators are on record for single digit percentage increases in 2007 capital expenditures for the onshore market, according to various industry spending surveys. The question is whether increased field costs account for the increased Capex, while drilling levels stay similar to 2006. The land market has certainly witnessed its share of extenuating circumstances. Persistent late winter weather in the first half of 2007 yielded to a very wet second quarter, particularly in south-central US drilling markets, hobbling rig moves and slowing drilling programs well into summer.

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.

Free Trial

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:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!


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



Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.


2013 Fracturing Technology

2013 Fracturing Technology