RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2017-01-11 18:40:00

U.S. DECLINE'S END

U.S. DECLINE'S END

API announced today that estimated total wells drilled and completed in the fourth quarter of 2016 decreased 8.8 percent compared to the third quarter of 2016. This decrease is a drastic improvement from the same time period in 2015 which saw a 21 percent decrease in total wells drilled and completed.

"Today's report shows evidence that the consistent decline in oil and natural gas drilling could be coming to an end," said Hazem Arafa, director of API's statistics department. "Even with the decline, our nation has established itself as the world leader in the production and refining of oil and natural gas and in the reduction of carbon emissions which are near 20-year lows. Moving forward, it's important to put in place policies that embrace America's leadership in energy that's providing benefits for American consumers, American workers and the environment."

-----

Earlier: 

WORLDWIDE RIG COUNT DOWN 197 

U.S. RIGS UP 7 

U.S. SHALE DRILLERS UP 

U.S. RIGS UP 16 

UPSTREAM'S EARNINGS UP

 

 

Tags: USA, OIL, GAS, DRILLING, API