THE LAND DRILLING business in the US has experienced a significant activity increase during 2003 and into 2004, posting much higher gains than Gulf of Mexico activity. As a result, one company has a five year expansion plan that began in 2003 calling for as many as three new rigs annually. Capstar Drilling, an Oil States International company, presently has a total of 17 rigs, the two newest rigs delivered late 2003 and early this year. The two newest rigs and 11 others are 100 percent employed in the Permian Basin in Texas. Four other rigs are also 100 percent employed in Ohio. The company has also drilled wells in Southeastern New Mexico and Pennsylvania.
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