Flattened drilling seen challenging US upstream thinking

07/30/2012
Drilling activity has flattened in the US despite gyrations of crude oil and natural gas prices in an unusual pattern that challenges managers of the oil and gas producing industry. At the summer Oilfield Breakfast Forum by Decision Strategies in Houston, Superior Energy Services Pres. and Chief Executive Officer David Dunlap noted that the Baker Hughes rig count for the US has been steady for 9 months and seems likely to remain so indefinitely. Meanwhile, he said, service companies face immediate needs to reposition assets, deal with continuing inflationary pressures, respond to cuts in capital spending by operators, and improve efficiency of drilling and completing horizontal wells. Cha...
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