U.S. DRILLING CONTRACTORS COULD FACE STIFF CHALLENGES

Matthew R. Simmons Simmons & Co. International Houston Although the outlook for most segments of the contract drilling business is now more optimistic than in the past decade, the increased activity has brought several problems: the availability of fully trained crews, the need for new capital, and the limited number of quality drillstrings. These problems will grow in importance if natural gas deliverability begins to decline visibly and once the scramble to correct this decline begins.

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