FORECASTS
2010 OIL & GAS INDUSTRY FORECAST
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Data: Active Gulf of Mexico operators and wells drilled in 2009 table
Active Gulf of Mexico operators and wells drilled in 2009
Data: Average number of US rotary rigs in operation table
Average number of US rotary rigs in operation
Data: Average rigs and gas/oil drilling split graph
Average rigs and gas/oil drilling split
Data: Estimated US gas producing wells graph
Estimated US gas producing wells
Data: Estimated US oil producing wells graph
Estimated US oil producing wells
Data: Estimated US wells producing gas at the end of 2009 table
Estimated US wells producing gas at the end of 2009
Data: Estimated US wells producing oil at the end of 2009 table
Estimated US wells producing oil at the end of 2009
Data: Forecast of 2010 drilling outside the US table
Forecast of 2010 drilling outside the US
Data: Forecast of 2010 US wells and footage to be drilled table
Forecast of 2010 US wells and footage to be drilled
Data: US drilling 1979-2009 graph
US drilling 1979-2009
Data: US monthly rig count graph
US monthly rig count
Data: What 14 US major drillers1 plan for 2010 table
What 14 US major drillers1 plan for 2010
Data: What 150 US independents plan for 2010 table
What 150 US independents plan for 2010
Data: World crude-condensate production by countries, 2009 and 2008 table
World crude/condensate production by countries, 2009 and 2008
Related Articles from World Oil Magazine
Canadian producers put dismal 2009 behind them
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
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%
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
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
And what the fundamentals say about 2009.
Rig count to see a slow, steady recovery
Rig count to see a slow, steady recovery
Signs of better times ahead
U.S. Drilling
US gas wells see over 5% growth
Producing Gas Wells
What’s new in artificial lift
Part 1—Introducing developments in natural gas well dewatering.
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2009 Presentation
Download the PDF version of this presentation
February 2009
2008 - A wild ride for oil markets
And what the fundamentals say about 2009.
A gloomy 2009 begins in Canada
All one hears is talk of low prices, slashed budgets and depressing economic tidings across the globe.
Editorial comment
Crystal balls
Exploration discoveries
Africa. Heritage Oil made a large oil discovery with its Giraffe-1 exploration well drilled on Block 1 in the Lake Albert region of Uganda.
Extensive job planning aids in rig-assist HPHT cleanout
The operation used a hydraulic workover unit in three wells in the UK North Sea.
Global drilling and production: Not as bad as they seem
The hardest-hit areas are mostly where NOCs are not, such as the US and Canada. Many NOCs are cash flush, but some IOCs and independents need credit.
Global E&P expenditures to contract 12%
The US will see the sharpest decline, dropping 26% to $79 billion.
Groundwater abatement strategy for a produced water impact site
Deploying a small, inexpensive, energy-efficient treatment system for contaminated groundwater in a remote area presented many challenges for the operator.
Increasing role of unconventional gas could keep rigs active even during downturn
Outlook 2009 North American Gas
It’s not as bad as it seems
Now that the boom has run its inevitable course and gone bust, we asked major and independent operators what they did in 2008, and what their plans were for 2009. Predicting activity levels depends on prices-that’s nothing new.
Oil and gas production continues sideways
Outlook 2009 U.S. Production
R&D efforts pursued for HPHT deepwater drilling conditions
The next generation of High-Pressure, High-Temperature (HPHT) well designs forges ahead with advancements in material testing, heavy load handling and technology.
Uncertain supply and demand outlook for LNG
As new liquefaction capacity clashes with stagnant LNG consumption, a short-term glut is imminent. The industry could get a boost, though, from Europe’s efforts to limit dependency on Russian gas.
US gas well count flattens
U.S. Producing Gas Wells
US oil well count gains 25,000 wells
2009 Producing Oil Wells
US proved reserves increase in all petroleum categories
2009 U.S. Reserves
US rig count increases in 2008, but the trend won’t continue in 2009
2009 U.S. Rotary Rigs
January 2009
Correcting errors inherent in directional surveying with MWD tools
Current running practices can introduce gross errors that must be taken into account when drilling in areas that have small, tightly defined targets,such as in relief well drilling.
Deepwater drilling rig shortages: Will they continue?
Current running practices can introduce gross errors that must be taken into account when drilling in areas that have small, tightly defined targets, such as in relief well drilling.
Deepwater Statistics
Deepwater Statistical Report
Brazil’s Santos Basin: An emerging giant
Deepwater Statistical Report
Drilling advances
Outlook for 2009
Editorial comment
Klaatu Barack nikto, plus other odds and ends
Finding and executing solutions in shifting solution spaces in the 1977 Bravo blowout
Lessons are drawn from an incident in the early history of the North Sea offshore industry, regarding how a “culture of production" affects companies' ability to respond appropriately to dangerous situations.
Navigating the Russian permitting maze
Porosity calculation can mis-estimate reserves; defining invasion fluid densities improves accuracy.
New NMR tool defines near-wellbore fluid density differences
Porosity calculation can mis-estimate reserves; defining invasion fluid densities improves accuracy.
Oil and gas in the capitals
Russia in the global financial storm
Removing surface-related multiples just got better
A new multiple subtraction method uses the attributes of predicted multiples, not the multiples themselves.
Shallow hazards planning for deepwater Nigeria
Modeling dynamic kill requirements for hole size and kill-mud volumes leads to the safe drilling of an Erha Field pilot hole.
South American oil economies cope with international slump
Brazil hopes that pre-salt development will proceed undeterred, while Argentina offers incentives to help meet its rising demand.
Tubing Reference Guide
World Oil's reference guide for production tubing and tubing couplings to 5-in. OD. This guide gives connection dimensions, steel grades and coupling type. Connection manufacturers' contact information is also provided.
What's new in exploration
Shale plays and lower natural gas prices: A time for critical thinking
What's new in production
Spider-Squid and other deepwater discoveries