Despite the mixed signals in the economy, U.S.-based land and offshore drilling contractors are reporting sequential gains for services and rigs over the first part of the year, especially by aggressive independents on the hunt for natural gas. And if gas prices remain high, most of the contractors expect the domestic rig count to rise both onshore and offshore through the rest of 2003.
Drillers
Articles from Drillers
Herold: M&A Transaction Values Drop in ’01
Global energy industry mergers and acquisition transaction value dropped to $243.5 billion in 2001 from $264.4 billion a year earlier, triggered by a 24% decline in upstream global value to $81.5 billion, according to energy research and consulting firm John S. Herold Inc. U.S. implied reserve values climbed to $6.99/boe and Canadian values jumped to $6.55/boe, both record highs since Herold began tracking activity in 1988.
January 21, 2002
Herold: M&A Transaction Values Drop in ’01
Global energy industry mergers and acquisition transaction value dropped to $243.5 billion in 2001 from $264.4 billion a year earlier, triggered by a 24% decline in upstream global value to $81.5 billion, according to energy research and consulting firm John S. Herold Inc. U.S. implied reserve values climbed to $6.99/boe and Canadian values jumped to $6.55/boe, both record highs since Herold began tracking activity in 1988.
January 17, 2002
Bigger Plays Await Canadian Drillers
Not all the action in Canadian natural gas fits the pattern thathas raised concerns over supplies for the next couple of heatingseasons -low-cost prairie drilling for quick hits of small reservesthat deplete rapidly.
December 4, 2000
Producers Pushing to Sustain Deliverability
The CEO of one of the most active drillers in North America —EOG Resources Inc. — said last week that he expects the next “bigslug of supply” will come from Alaska and the Beaufort Sea, but notuntil a pipeline is in place there, and not until producers canfill the pipelines with gas.
August 14, 2000
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