Pogo delays $280M in development drillingIndependent says rig, oilfield service costs too high, rig crews inadequately trained, steel costs double, fuel up 75% Ray Tyson Petroleum News Houston Correspondent
Exploration and production independent Pogo Producing has temporarily ditched its so-called “discretionary development drilling” program for 2005 because of escalating rig and oilfield service costs and “inefficiencies” that Pogo chief executive Paul Van Wagenen said included inadequately trained ri....
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More than 45 exploration wells budgeted
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