Drilling Report: Drilling contractors mobilize badly needed rigs and crews

09/17/2001
The drilling industry must be commended for finding crews, mobilizing an aging rig fleet, and generating newly built rigs, exceeding the 1997 peak drilling activity, both in terms of rig count and total footage drilled.The driller had a definite impact, along with other factors during the year, on increasing badly needed gas storage levels, reducing commodity prices, and saving the North American economy further damage from extreme energy costs.Even though rig counts have come off of their recent peaks and the industry looks to the future with a wary eye on lower commodity prices and softening rig demand, we must celebrate the gains of the past year.Richard Mason of the Land Rig Newslette...
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