Midyear Forecast: Drilling surges in US, Canada, increases in rest of world

07/30/2001
Click here to enlarge imageA surge in drilling in the US this year could result in the largest number of completions in any year since 1987.The Western Canada Sedimentary basin is enjoying a positive year.For the rest of the world, rig counts and other information indicate marginal year to year increases in drilling in each region surveyed.First half drilling levels increased on the year in the Western Hemisphere outside the US and Canada, Asia-Pacific, Africa, the Middle East, and Europe. Drilling was weaker than in first half 2000 in only a few countries.Here are highlights of OGJ's midyear drilling forecast for 2001: Operators will drill 33,600 wells in the US this year, a large ...
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