Drilling execs see oil field services demand rebounding

Oil field services demand should rebound throughout 2003 following a sluggish fourth quarter 2002, drilling managers at US and Canadian exploration and production companies told Gerson Lehrman Group Inc.The New York-based Gerson Lehrman started a quarterly survey to gauge oil field service capital expenditure trends. In the initial survey taken during October-November 2002, 20 drilling and asset managers expected the portion of their company's capital budgets for which they are responsible to increase by 29% in 2003 compared with 2002 to a mean $68 million.On a combined basis, the managers surveyed said they were responsible for procuring $999 million in capital expenditures in 2002 a...

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