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2016-10-14 18:35:00

U.S. OIL WELLS UNCHANGED

U.S. OIL WELLS UNCHANGED

API announced today that estimated oil wells drilled and completed in the third quarter of 2016 remained relatively unchanged from the previous quarter at 2,285. That is a decline of 3.7%, which follows an average of 17.3% in quarterly declines for the past year and a half.

"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 of oil and…

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Tags: USA, OIL, GAS, WELL, DRILLING, COMPLETION

Chronicle:

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S.KOREA RENEWABLE ENERGY

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2019, April, 19, 09:10:00

UAE GDP WILL UP 4.7%

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2019, April, 19, 09:05:00

U.S. TRADE DEFICIT $49.4 BLN

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2019, April, 19, 09:00:00

U.S. RIGS DOWN 10 TO 1,012

BHGE - U.S. Rig Count is down 10 rigs from last week to 1,012, with oil rigs down 8 to 825, gas rigs down 2 to 187, and miscellaneous rigs unchanged at 0. Canada Rig Count unchanged from last week at 66, with oil rigs up 1 to 19 and gas rigs down 1 to 47.

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