Oil Watch: Drill Baby Drill
Updated: 2013-01-31 12:00:44
: The Oil Drum Discussions about Energy and Our Future Ten Reasons Why High Oil Prices Are a Problem The Oil Drum Oil Watch : Drill Baby Drill Posted by Euan Mearns on January 30, 2013 11:36am Topic : Supply Production Tags : baker hughes eia rig count saudi arabia shale gas shale oil united states list all tags Executive Summary In January 1995 there was a total of 1738 oil and gas rigs drilling globally excluding the former Soviet Union FSU By February 2012 that number had more than doubled to 3850. Global C+C+NGL production grew from 68 to 84 million bpd 24 over the same . period Global drilling for oil and gas is dominated by North America , in particular the USA . In January 1995 there were 737 oil and gas rigs drilling in the USA , 42 of the world total . By October 2011 this figure