Rig activity; 1991 is now the worst year on record
Journal Article
·
· World Oil; (United States)
OSTI ID:5678244
This paper reports that U.S. rotary oil well drilling rig activity reached year-end levels above 1,100 rigs and averaged over 1,000 in 1990, the first increase since 1984. In 1991, however, operating rigs dropped once again, this time to an all time recorded low and once again, most forecasters erred on the high side. Rotary rigs running in 1991 averaged 862.8, a 14.4% drop below the 1990 activity level of 1007.8 rigs. The rig count, began at 1,068 in January, but fell steadily for the remainder of the year. A brief upturn at mid-year failed to hold up and the year-end increases in drilling we had come to expect since 1986 never materialized.
- OSTI ID:
- 5678244
- Journal Information:
- World Oil; (United States), Journal Name: World Oil; (United States) Vol. 213:2; ISSN 0043-8790; ISSN WOOIA
- Country of Publication:
- United States
- Language:
- English
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