API: US natural gas drilling breaks record in 2007

02/04/2008
US oil and gas exploration and production activity remained robust during 2007 as producers drilled a record number of natural gas wells, the American Petroleum Institute said.Oil well completion activity was the most active since 1990, while total estimated footage was the highest in two decades, API said Jan. 24 in its latest quarterly well completion report.An estimated 52,731 oil wells, gas wells, and dry holes were completed domestically in 2007, according to API. The fourth quarter’s estimated 13,737 completions were the highest since 1986’s first quarter, it added.Natural gas continued to dominate as an estimated 30,625 wells were drilled during the year, with 7,785 of ...
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