Rest of world still lags North American drilling levels

07/24/2000
Click here to enlarge imageDrilling in the US in 2000 is only slowly bouncing back from a low level in 1999.Meanwhile, Canada is likely to enjoy a robust year with increase from 1999 in both gas and oil drilling.For most of the rest of the world, first half 2000 drilling failed to keep pace with the anemic levels of first half 1999 when measured by the number of rigs at work. The only meaningful gains came in Argentina and Colombia.Wellhead revenues from the sale of US oil and gas production should come back to producers in a big way this year after two meager years. However, OGJ estimates that many companies have adopted a cautious schedule for reinvestment.After spending $18-20 billio...
read-story

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