Well completions in the fourth quarter were up 37% compared to the same period a year earlier but remained well below 4Q2008 levels, and 2010 totals also remained below 2008 levels, according to the American Petroleum Institute (API).
4Q2008
Articles from 4Q2008
API: Well Completions Up, But Still Not to 2008 Levels
Well completions in the fourth quarter were up 37% compared to the same period a year earlier but remained well below 4Q2008 levels, and 2010 totals also remained below 2008 levels, according to the American Petroleum Institute (API).
FBR: U.S. Gas Rig Count in ‘Free Fall’
With the North American natural gas rig count in “free fall,” FBR Capital Markets Friday lowered 4Q2008 earnings estimates for the oil services sector by 9% and slashed 2009 estimates by an average of 21%.
FBR: U.S. Gas Rig Count in ‘Free Fall’
With the North American natural gas rig count in “free fall,” FBR Capital Markets Friday lowered 4Q2008 earnings estimates for the oil services sector by 9% and slashed 2009 estimates by an average of 21%.