Rig activity; 1989 was the worst year on record

Journal Article · Thu Feb 01 00:00:00 EST 1990 · World Oil; (USA)

OSTI ID:7181260

This article discusses the quantity of oil rotary rigs running in the United States during 1989. Rotary rigs running in 1989 averaged 870, down 7.1% from 1988 and arguably the worst performance since anyone bothered to count. A quick check into dusty historical records reveals that in 1942 the rotary rig count averaged 761 (this was the result of a deliberate government policy of scaling back drilling). However, the number is misleading, because in the early 1940s cable-tool rigs were around 40% to 45% of the total operating at any given time.

• OSTI ID: 7181260
• Journal Information: World Oil; (USA), Vol. 210:2; ISSN 0043-8790
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
DRILLING RIGS
PERFORMANCE
OIL WELLS
WELL DRILLING
ENHANCED RECOVERY
FORECASTING
GOVERNMENT POLICIES
LOUISIANA
OKLAHOMA
PETROLEUM INDUSTRY
TEXAS
DRILLING
FEDERAL REGION VI
INDUSTRY
NORTH AMERICA
RECOVERY
USA
WELLS
020300* - Petroleum- Drilling & Production
020200 - Petroleum- Reserves
Geology
& Exploration
020700 - Petroleum- Economics
Industrial
& Business Aspects