How E&D is done in the US

It has long been a fact that independent companies discover most of the gas and oil in the US.These days development drilling dominates. Exploratory drilling has withered to 2,000 wells/year since the early 1990s from 10,000-12,000 wells/year in the early 1980s. Most discoveries find relatively small fields, especially onshore.Striking successes are still possible. For example, private interests appear on the verge of establishing the first sustained hydrocarbon production in the Tucumcari basin of eastern New Mexico.Montoya-Route 66 Austin, Tex., independent CKG Energy Inc. was drilling its seventh well in early May near Montoya, along the historic Route 66 highway in Quay County 20 mile...

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