API reports 35% jump in well drill, completed

OE Staff
Friday, April 7, 2017

The American Petroleum Institute (API) revealed that estimated total wells drilled and completed in the Q1 2017 saw an increase of 35% compared to the Q1 2016. 

This is a drastic improvement from 2016 levels, which saw a 59&  decrease in total wells drilled and completed from the previous year, says the API.

“Today’s report shows evidence that we could be turning a corner when it comes oil and natural gas drilling,” says Hazem Arafa, director of API’s statistics department. “The increase in oil and natural gas drilling furthers the US as the world leader in the production and refining of oil and natural gas and in the reduction of carbon emissions which are near 25-year lows. Moving forward, it’s important to put in place forward-looking policies that embrace America’s leadership in energy that has provided benefits for American consumers, American workers and the environment.”

Categories: North America Completions Drilling

Related Stories

Weatherford to Deliver MPD Services for Woodside’s Trion Project off Mexico

Weatherford to Deliver MPD Services for Woodside’s Trion Project off Mexico

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

OPT Finds Tech Delivery Partner for Mexican Maritime Markets

OPT Finds Tech Delivery Partner for Mexican Maritime Markets

Current News

FLNG Capacity to Jump

Kongsberg Maritime, Noble Corp to Jointly Advance Offshore Drilling Tech

Ocean Winds Picks Siemens Gamesa Offshore Wind Turbines for Polish Project

Weatherford to Deliver MPD Services for Woodside’s Trion Project off Mexico

Subscribe for OE Digital E‑News

Offshore Engineer Magazine