DRILLING MARKET FOCUS: Investment, plans signal active year for drilling

Healthy rig counts and utilization rates in most sectors, continued reinvestment in rig fleets and equipment, and substantial drilling plans by operators indicate a vigorous year ahead for drilling. Many of the largest drilling and oil field services companies in North America gave presentations at the Raymond James & Associates 25th annual institutional investors conference in Orlando, Mar. 1-5, 2004. Drillers included Grey Wolf Inc., Nabors Industries Ltd., Patterson-UTI Energy Inc., and Precision Drilling Corp. Service companies included BJ Services Co., Grant Prideco Inc., Horizon Offshore Inc., Hydril Co., National-Oilwell Inc., and Superior Energy Services Inc. Eugene M. Isenberg, c...

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