US Land Drilling to Increase 1.8% in 2020

US land oil & gas operators report plans to drill 1.8% more wells in 2020 versus 2019 and Canadian oil & gas operators report plans to drill 4.3% more wells in 2020 versus 2019.

US land operators plans to increase drilling 1.8% in 2020 reflects decline in growth versus prior years and aligns with decreasing sentiment trends observed in the market during the past year. Regional variances, however, are observed with Permian basin operators projecting an increase of 6.9% more wells drilled in 2020 versus 2019 whereas many other regions are reporting slight de