SPEARS TRIMS FORECAST OF U.S. DRILLING ACTIVITY

Forecasts of 1991 U.S. drilling activity continue to slide as oil markets shed their jitters in the wake of a very short Persian Gulf ground war. In its quarterly review late last month, Spears & Associates Inc., Tulsa, cut its projected U.S. average rig count for this year to 960. In its previous quarterly forecast, Spears expected the 1991 rig count to average 1,050. Baker Hughes Inc. earlier trimmed its predicted average of U.S. active rigs to 1,104, while Salomon Bros. forecast 1,060 (OGJ,

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