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Oil well completions up in 2013, natural gas completions down

Oilfield Technology,


Oil well drilling rose in 2013 with total oil well completions up 5% from 2012, according to API's 2013 Quarterly Well Completion Report.

“America’s oil industry expanded drilling in 2013 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 US energy while creating more American jobs and generating more revenue for our government."

Natural gas well completions
Natural gas well completions in 2013 declined with 20% fewer wells than 2012, according to the report. Total number of wells completed in 2013 remained relatively unchanged with a decrease of 1% from 2012, while total footage drilled increased 4%.

About API
API is a national trade association that represents all segments of America’s technology-driven oil and natural gas industry. Its more than 580 members – including large integrated companies, exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms – provide most of the nation’s energy and are backed by a growing grassroots movement of more than 20 million Americans. The industry also supports 9.8 million US jobs and 8% of the US economy, delivers US$ 85 million a day in revenue to the government, and, since 2000, has invested over US$ 2 trillion in US capital projects to advance all forms of energy, including alternatives.

Adapted from press release by Cecilia Rehn

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/13012014/api_reports_usa_oil_well_completions_up_in_2013/

 

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