First half drilling on uptrend in most areas of the world

07/04/2005
The world has been basking in what could be called a drilling boom in the first half of 2005 compared with the same period of 2004.OGJ forecasts that operators could drill more than 40,000 wells in the US for the full year, which would be a 20-year high. Click here to enlarge imageStrong year-to-year gains in the Western Hemisphere, led by the US and Canada, show that the industry is responding to historically high oil and gas prices (Table 1). The rig activity figures, however, show positive year-to-year comparisons in almost every area, including the Middle East, Africa, Asia-Pacific, and the Western Hemisphere excluding the US and Canada, according to Baker Hughes Inc. (Table 2). The ...
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