US onshore industry bustles with high prices, decline legacy

05/12/2003
Alan PetzetChief Editor-Exploration and EconomicsRelatively high gas and oil prices are exerting more punch into US onshore exploration and development.A slow early-year start in the face of optimistic capital spending plans has given way to the biggest rig count jump in 15 years in the first quarter, a traditional time of drilling decline (OGJ, May 5, 2003, p. 63).From 862 rigs active during the last week of 2002, the count approached 1,000 units at this writing in early May after reaching only 912 by Feb. 28. Onshore units dominated the gains in recent weeks, and intent to drill filings are also up.The press of activity is occurring under a shadow that has seen oil and gas production an...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected