August 2013
North American Outlook

North American drilling update: Stagnation prevails at a high level

Producers in the U.S. continue to be concerned about regulatory uncertainty, and as such, the number of wells drilled may not reach the 45,000-per-year mark. In Canada, producers are concentrating on oil production, while being concerned about oil transportation and gas prices. Activity in Mexico is about to slow down appreciably.

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