February 2023
Special Focus: 2023 Forecast & Review
U.S drilling: U.S drilling activity to climb as supply disruption continues
Although spending will decelerate in North America, the 2023 forecast for a 19% U.S. capex increase follows a near-record 46% gain in 2022. U.S. drilling will increase 8.2%, with total footage forecast to climb 8.7%, to 289 MMft of hole.
