Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
The good times are continuing, but there are signs that the drilling curve may be creaming. Growth in US drilling activity should continue in 2007, increasing nearly 7%. While this growth is slower than the immediate past, it nevertheless would be the fifth consecutive year of increase. The 2007 story centers on continued faith in gas and oil prices, with the majors’ focus on development activity.
When compared with other regions around the globe, the US is a bright spot for 2007, considering that drilling outside the US is expected to decrease by 4.7%. Moreover, the US drilled nearly as many wells as the rest of the world combined.
One year ago, World Oil forecast that in 2006, the US would drill 45,604 wells. By midyear, noting that operators were delirious over $75/bbl oil and able to somehow access rigs, we revised the full-year figure to 49,177. The final 2006 numbers came in very close, estimated at 48,929 wells.
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.
Bucharest - April 28-30
Houston, TX - May 5-8
Savannah, GA - May 5-8
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.