WorldOil

FEBRUARY 2010

Special Focus: Outlook 2010

Canadian producers put dismal 2009 behind them

Robert Curran

On the heels of the toughest year for the Canadian oilpatch this decade, producers are hoping for better times ahead.

Despite legislative successes, increased federal regulation threatens US oil and gas

Roger H. Bezdek, Contributing Editor, Washington

Industry lobbyists blocked provisions that would have hampered commercial hedging, and cap-and-trade may be DOA. But recent decisions by the EPA and the Interior Department could still make 2010 a rough year for E&P.

Few US oil wells gained in 2009

Vol. 231 No. 2    OUTLOOK 2010 PRODUCING OIL WELLS Few US oil wells gained in 2009 The total number of producing oil wells in the US stayed relatively flat over 2009 in the low-price environment of the first half of the year and the partial recovery of the second

Global E&P capital expenditures to increase 11%

James D. Crandell, James C. West, Nicholas McLean and Anthony Walker

E&P expenditures in the US are indicated to rise by 12%, a somewhat surprising magnitude given weak natural gas fundamentals.

Global E&P weathers the storm

Outside the US, Canadian drilling fell by half in 2009, but other countries saw a decrease of less than 500 wells. For 2010, expect an increase of 6.7% in wells drilled.

Increasing supply options and stagnant demand spell low gas prices

Leonard Parent

Fuel switching to gas for electrical generation will try to keep the market afloat as more shale gas and LNG come onstream.

New decade, new challenges: The harsh reality of unsustainable oil markets

Matthew R. Simmons

And what the fundamentals say about 2009.

Rig count to see a slow, steady recovery

Rig count to see a slow, steady recovery

US gas wells see over 5% growth

Producing Gas Wells

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