US, Canada drilling increases sharply in first half of year

07/03/2006
The US and Canada posted good gains in drilling in the first half of 2006 compared with the same period of 2005, while drilling elsewhere in the world was nearly flat year on year.The US increase, however, was not uniform. Seventeen states or areas had lower rig activity than in 2005, which may be an indication that more rigs are moving into heavily drilled play areas on multiwell or even multiyear contracts.Among the busier areas are Texas, Wyoming, Colorado, and New Mexico, according to year-to-year rig counts.Here are highlights of OGJ’s midyear drilling forecast for 2006: Operators will drill 46,225 wells in the US this year, up from OGJ’s estimate of 40,814 wells drilled ...
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