API: Gas Well Completions in 2013 Declined 20 Pct

API Gas Well Completions in 2013 Decline 20 Pct

Natural gas well completions in 2013 declined with 20 percent fewer wells than 2012, according to API’s 2013 Quarterly Well Completion Report.

Total number of wells completed in 2013 remained relatively unchanged with a decrease of 1 percent from 2012, while total footage drilled increased 4 percent.

Oil well drilling rose in 2013 with total oil well completions up 5 percent from 2012, according to the 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 U.S. energy while creating more American jobs and generating more revenue for our government.”

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LNG World News Staff, January 13, 2014