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Four Drilling Trends From 2011 And What They Tell Us About 2012

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Richard Mason
January 3, 2012

Onshore rig count rose an unexpected 10% in 2011 to finish the year at 1,562 units, according to Hart’s Unconventional Activity Tracker.

But the narrative for 2011—and forecast for 2012—is not about the size of the drilling expansion domestically. Rather, the storyline is that the domestic drilling market is undergoing transformation, which suggests the onshore market at the end of 2012 will be measurably different than the drilling market that existed at the beginning of 2011.

First, the expansion of domestic drilling activity that characterized 2011 will continue through 2012. ...

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