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2017-10-11 12:45:00

U.S. OIL WELLS UP 84%

U.S. OIL WELLS UP 84%

API - API  announced that estimated wells completed in the third quarter of 2017 increased 63 percent compared to the third quarter of 2016. This includes a dramatic 84 percent increase for all oil wells completed from year-ago levels.

"Today's report shows evidence that domestic oil and natural gas development remains strong," said Hazem Arafa, director of API's statistics department. "Our nation leads the world in the production and refining of oil and natural gas and due to the increased use of natural gas carbon emissions are near 25-year lows. Moving…

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Tags: USA, OIL, GAS, WELL

Chronicle:

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