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SPECIAL REPORT: Lower drilling growth seen in US, drop in Canada
01/15/2007
Price uncertainty, especially for gas, overshadows the forecast for US and Canadian drilling in 2007.Most signs seem to point to an increase in the US, although not as large as the 2006 gain. A drilling decline is forecast in Canada.OGJ forecasts an 8% increase in the US active rig count to 1,780 rigs/week in 2007. This compares with increases of 19% in 2006 and 16% in 2005. Click here to enlarge imageThe unconventional gas plays that have been engaging increasing numbers of drilling rigs the past few years will soak up a few more rigs to be added to the fleet this year.Here are highlights of OGJ’s early year drilling forecast for 2007: Operators will drill 47,003 wells in the US, ...
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