Rig activity; 1989 was the worst year on record

Journal Article · Thu Feb 01 04:00:00 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), Journal Name: World Oil; (USA) Vol. 210:2; ISSN 0043-8790; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

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