U.s. Drilling Activity Up From 2007, Api Reports

摘要

The U.S. exploration and production industry's drilling activity continues to outpace 2007 levels and is nearly twice the level seen in the 1990s, according to the APT's third-quarter 2008 drilling estimates. "These numbers demonstrate the oil and gas industry's commitment to finding new sources of oil and natural gas to increase U.S. production," says Hazem Arafa, director of API's statistics department. According to the quarterly well completion report, companies completed 16,379 oil wells, natural gas wells and dry holes in the third quarter of 2008, up 16 percent from the third quarter a year ago. API reports its estimates show that the resurgence in oil well completion activity that began in 2000 continued into 2008.