Slower drilling pace likely in US, Canada during 2013

The year 2013 could be a lackluster period for overall well completions in the US and Canada with declines possible if not likely in both countries. OGJ compiles its own forecast of the number of wells being drilled using rig counts, oil and gas prices, play trends, and other data. Several clear trends in 2012 US activity can be expected to continue in 2013. Among these are the drilling of slightly fewer wells overall and the diversion of rigs from gassy areas to plays in which liquids completions are more likely. Here are highlights of OGJ's early year drilling forecast: • Operators will drill 42,156 wells in the US, down from an OGJ estimated 43,669 wells in 2012. • All operators will ...

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