US gas well completions fall

Petroleum Review; 01/05/2016

Estimated US natural gas well completions decreased 70% in 1Q2016 compared to a year  ago, according to API’s quarterly well completion report. Exploratory oil completions fell 90% compared to 1Q2015 estimates. The total feet drilled decreased 73%, with the largest decrease seen in the footage of exploratory wells.

News Item details

Journal title: Petroleum Review

Subjects: Banking, finance and investment, Gas markets, Oil markets, Natural gas, Oil and gas, Gas wells, Onshore exploration