GROWTH IN THE MEASUREMENT-WHILE-DRILLING SECTOR CONTINUES
Gordon T. Hall First Boston Corp. New York The measurement while drilling (MWD) market is showing some of the most impressive growth in the oil field. Tremendous improvements in the reliability and capability of MWD tools have spurred the expansion of this market. During 1990, the worldwide MWD market expanded by 48%, rising from $250 million in 1989 to $370 million in 1990. The MWD market should expand 15-20% to exceed $430 million in 1991.