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.
May 23, 2010
May 23, 2010
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group