Special Report: Midyear Forecast: US, Canada drilling sustains healthy increases in 2011

07/04/2011
Alan PetzetChief Editor-ExplorationMeaningful increases in the number of wells drilled can be expected in the US and Canada in 2011 compared with 2010 as the shift toward oil drilling intensifies.The disparity between oil and natural gas prices is supporting numerous drilling and leasing plays aimed at producing oil and also gas-condensate and liquid petroleum gas-rich natural gas formations. Leasing trends indicate that even more liquids-prone plays will be tested this year and next.The Baker Hughes count of active US rigs has climbed better than 7% since January 2011, and Canadian contractors are seeing higher 2011 utilization than it looked like they would in late 2010.Here are highlig...
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