Tempo of gulf activity brightens outlook

Journal Article · Fri Dec 01 00:00:00 EST 1989 · Oil and Gas Journal; (USA)

OSTI ID:7014182

Hagar, R ^[1]

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1. Gulf Coast News Editor (US)

Operators, mainly on the basis of oil and natural gas price expectations, plan to steadily boost their exploration and development work in the Gulf of Mexico. The increase in activity, however, isn't yet reflected in the gulf's rig count. An active rig tally shows the October average to be the second lowest for all the Octobers in the 1980s. Only during October 1986 were there fewer rigs working in the gulf during that month this decade. On an annual basis, however, the monthly active rig count in 1989 is higher than in 1986 and 1987, but short of 1988's average and less than one half the level recorded inn the peak year of 1981. The author discusses signs that activity is rebounding.

• OSTI ID: 7014182
• Journal Information: Oil and Gas Journal; (USA), Vol. 87:50; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
03 NATURAL GAS
29 ENERGY PLANNING
POLICY AND ECONOMY
NATURAL GAS
PRICES
PETROLEUM
EXPLORATION
GULF OF MEXICO
NATURAL GAS WELLS
OIL WELLS
PLANNING
ATLANTIC OCEAN
CARIBBEAN SEA
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
SEAS
SURFACE WATERS
WELLS
020700* - Petroleum- Economics
Industrial
& Business Aspects
030600 - Natural Gas- Economic
Industrial
& Business Aspects
294002 - Energy Planning & Policy- Petroleum
294003 - Energy Planning & Policy- Natural Gas