US, Canada maintain slower drilling pace through 2013

07/01/2013
Operators backed away further from gas drilling in Canada and parts of the US in the first half of 2013 compared with the first half of 2012. An anemic resumption in US Gulf of Mexico activity wasn't nearly enough to offset the drilling declines due to the exodus toward more liquids-prone land plays. Both trends should continue in the second half of 2013. Areas in which drilling was off the most in the first half included North Louisiana, Arkansas, eastern and western districts of East Texas, and Pennsylvania—all areas in which gas drilling has predominated in recent times. Land drilling also fell in Montana and California. Posting year to year drilling increases of note were Ohio, Alaska...
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