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API: Completed Wells Up 63% This Year

The American Petroleum Institute (API) estimates that wells completed in the third quarter of 2017 increased 63% compared to the third quarter of 2016. This includes a dramatic 84% increase for all oil wells completed from year-ago levels.

“Today’s report shows evidence that domestic oil and natural gas development remains strong,” said Hazem Arafa, director of API’s statistics department. “Our nation leads the world in the production and refining of oil and natural gas and due to the increased use of natural gas carbon emissions are near 25-year lows.” 

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