U.S. OIL DRILLING INCREASED 75%
Estimated U.S. exploratory oil well completions increased by 75 percent in the fourth quarter of 2014 compared to year-ago levels, according to API's 2014 Quarterly Well Completion Report, Fourth Quarter.
"America's oil and natural gas industry increased exploratory drilling in the fourth quarter thanks in large part to access on private and state lands," said Hazem Arafa, director of API's statistics department. "Additional access to our own vast energy resources and streamlined federal permitting would allow for more opportunities to produce U.S. energy while creating more American jobs and generating more revenue for our government."
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