Extended Decline Likely In U.S., Canada Drilling

G. Alan Petzet Exploration Editor Robert J. Beck Associate Managing Editor-Economics A 26 Year Record of U.S. Well Completions [29,219 bytes] Oil & Gas Journal Well Forcast for 1999 [51,100 bytes] U.S. Fields with Ultimate Oil Recovery Exceeding 100 Million BBL [27,892 bytes] PDF Format Another decline in drilling activity is likely in the U.S. and Canada in 1999 following the off-year of 1998 in both countries. Factors affecting exploration and drilling investment intensified through 1998, forcing mergers, selloffs, and retrenchments from fledgling operators to the industry's largest entities. Comp...

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