May 23, 2010

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dan_s
Posts: 34471
Joined: Fri Apr 23, 2010 8:22 am

May 23, 2010

Post by dan_s »

So far the activity level is holding, even in the GOM.

U.S. onshore drilling activity was up 12 rigs last week to 1,518 rigs.

U.S. total = 1,518 compared to 900 at this time last year
Canada = 173 compared to 74 at this time last year

Drilling for gas = 971 compared to 684 last year
Drilling for oil = 820 compared to 391 last year

U.S. Gulf of Mexico = 77 compared to 66 last year
There has been no decline since the BP oil spill. The federal moritorium applies only to new permits.
Dan Steffens
Energy Prospectus Group
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