US 2004 well outlook up; Canada to slip on rig utilization

Drilling in the US should pick up modestly in 2004 from a strong showing in 2003.Canadian drillers posted that country's first year of more than 20,000 wells in 2003 and look likely to make hole at almost as fast a pace this year.Both countries started off with strong rig counts in the first weeks of 2004. OGJ looks for marginal increases in drilling in the Gulf of Mexico off Texas and Louisiana this year even though the number of rigs operating in the gulf was slightly lower in 2003 than in 2002.Unconventional gas plays in low-permeability sands and shales dominate the rig count and the number of wells being drilled in US onshore areas (OGJ, Dec. 8, 2003, p. 34).Here are highlights o...

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