API reports rise in second-quarter well completions

By OGJ editors
HOUSTON, July 15
-- Drilling activity for oil in the US increased in the second quarter, according to the American Petroleum Institute’s latest Quarterly Well Completion Report. According to the report, an estimated 6,595 oil wells were drilled during the period.

The report noted that in total, an estimated 10,939 oil wells, natural gas wells, and dry holes were completed, up 14% from second-quarter 2010 and up 46% from second-quarter 2009.

API also reported total estimated footage of 83,093,000 ft drilled in the second quarter.

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