Would you like to start a free subscription?
Remember me | Forgot password
For full content view: Log in Now!
Offshore, rigs appear to be slowly exiting the US Gulf of Mexico, though not in a mass exodus, for greener waters offshore India, the Middle East and Southeast Asia. On land, there appears to be slower growth of coalbed methane wells.
In general, we saw indications of decreased rig efficiency scattered throughout the country as we analyzed the data on a state and district level, but is was most apparent in Texas. We cannot be certain, but this might be explainable by a slight deepening in average well depth, combined with newly created crews and the occasional old oil-technology rig.
The run-up in rigs was steep last year—a 19.4% year-to year average that greatly exceed our 12% forecast. This year, we are predicting a modest 6.9% increase, but that will likely be achieved by February of this year.
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.
Wichita Falls, TX - April 22-23
Bucharest - April 28-30
Houston, TX - May 5-8
All material subject to strictly enforced copyright laws.
© 2014 World Oil. © 2014 Gulf Publishing Company.