US Land Drilling to Increase 16.5% in 2018

US land oil & gas operators report plans to drill 16.5% more wells in 2018 versus 2017.

A recent study conducted by Kimberlite Oilfield Research based on personal interviews with over 150 oil & gas operators reveals that US land and Canada drilling are poised to grow in 2018.

Specifically, US land drilling increase for 2018 is led by the Permian basin with an expected 33.2% increase in drilling for 2018 versus 2017 followed by the Marcellus/Utica at 16.5% and Rockies at 16.1%. Canadian operators report plans to increase drilling by approximately 36.9% in 2018.