Drilling pace strong across US, Canada

07/07/2003
Drilling in the US is surging, especially land wells, after a notably slow start in the first quarter of 2003.Some indications are that operators could drill as many as 20-25% more wells this year than they did in 2002.First half estimates also indicate that operators in Canada will experience one of their busiest drilling years ever.Drilling in the rest of the world outside the US and Canada in January through May was up marginally.Here are highlights of OGJ's midyear drilling forecast for 2003: •Operators will drill 33,576 wells in the US this year, a large increase from the estimated 25,945 wells OGJ estimated were drilled in 2000 (OGJ, Jan. 27, 2003, p. 82).•All operator...
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