U.S. DRILLING UP 62%
API - API announced that estimated total wells drilled and completed in the second quarter of 2017 increased 62 percent compared to the second quarter of 2016. This includes a 41 percent increase in estimated development gas well completions and a dramatic 81 percent increase in total estimated oil well completions from year-ago levels. Total estimated oil well completions also increased 19 percent from the first quarter of 2017. Growing well completion figures could lead to an increase in U.S. oil production, which rose 62 percent from 2010 to 2016, and U.S. natural gas production which, also increased 26 percent during the same time.
"Today's report further solidifies the United States as a global energy superpower," said Hazem Arafa, director of API's statistics department. "With the trend of drilling activity increasing, the United States is poised to continue leading the world in the production and refining of oil and natural gas. The global energy balance is shifting as U.S. resources are increasingly meeting domestic and global demand, and it's important for U.S. policymakers to embrace America's leadership in the safe and environmentally-responsible development of our resources, which help keeps energy affordable for consumers and strengthens our national security."
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WNN - The search for solutions to climate change must include discussion of nuclear power, Scott Foster, director of the Sustainable Energy Division of UNECE, told
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