45th annual Reed rig census

Journal Article · Wed Oct 01 00:00:00 EDT 1997 · World Oil

OSTI ID:538263

Stokes, T A; Rodriguez, M R ^[1]

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1. Reed Tool Co., Houston, TX (United States)

Since 1983, Reed Tool Co.`s annual rotary rig census has reported 14 consecutive annual reductions in the U.S. rig fleet. This year, the downward trend has reversed and more rigs have been added to the available fleet than have left. Robust drilling activity has also spurred higher rig utilization in 1997. Utilization climbed to 86.9% this year, more than ten percentage points higher than a year ago and the highest since 1981. Data and trends are discussed.

• OSTI ID: 538263
• Journal Information: World Oil, Vol. 218, Issue 10; Other Information: PBD: Oct 1997
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
02 PETROLEUM
DRILLING RIGS
COMPILED DATA
CAPACITY
AVAILABILITY
WELL DRILLING
CONTRACTS
SUPPLY AND DEMAND