WORLDWIDE DRILLING SLUMP, BUT U.S. MAY PICKUP

Keith Rappold Drilling Editor The U.S. drilling industry has suffered another depression in 1992 to date, vet there are now signs of improving conditions. In June, the domestic drilling rig count dropped to its lowest level since the 1940s (OGJ, June 22, p. 36). One sign of an upturn, however, is a significant increase in the issuance of drilling permits since the first quarter of this year. The number of U.S. drilling permits issued increased 21.8% to 2,259 in July for 29 states tracked by

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