U.S. Drilling At Historic Low, Canada's Drop Not So Severe

Drilling in the U.S. in 1999 could set a historic low, one of the smallest numbers of total completions in the modern petroleum era.Restoration of oil prices after a dismal 1998 has buoyed the outlook expressed by many operators, even leading a number to announce plans to increase capital spending during the balance of this year. However, other market fundamentals have remained weak.The lag time between the return to higher and relatively stable oil prices and a ramping up of drilling activity in the field will make for a difficult year.Canadian operators do not seem to have withdrawn as far from field operations as their counterparts working in the U.S., owing in part to Canada`s bent to...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected