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Strong drilling year seen in 2012 in US, Canada

01/09/2012
By Alan Petzet
Drilling activity should remain strong in the US and Canada in 2012 after substantial year-to-year gains in 2011. OGJ looks for a 4% increase in total drilling in the US and an 11.5% hike in Canada in 2012. Operators in the US are for the most part maximizing efforts in plays for oil and wet gas and relaxing capital spending in dry gas areas. Horizontal drilling and hydraulic fracturing continue to be the primary drivers. Shale plays are at the fore of unconventional activity, while low-permeability plays encompass large areas in Texas, Oklahoma, and other states. Few companies had announced 2012 capital spending plans by the time of this writing in mid-December 2011. Here are highlights ...
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