July 13 New York news, the American Petroleum Institute (API) Monday said the U.S. oil and gas drilling in the second quarter than the same period last year dropped 46%. Completion of the second quarter of U.S. oil wells, gas wells and dry wells was estimated to be 8038, which is since 2003 the lowest level.
According to API, said the second quarter of U.S. oil and gas exploration in the number of wells drilled declined 63 percent year-on-year to 336, the development of wells to 46 percent decline in 6761.
API estimates the second quarter of U.S. natural gas wells completed for 4225, up 43 percent decline, which is the largest decline over the past decade, a quarter, while year-on-year decline in the number of wells completed about 53%.
Jul. 14, 2009
