U.S. crude oil and natural gas production increased in 2017, with fewer wells

The total number of wells producing crude oil and natural gas in the United States fell to 991,000 in 2017, down from a peak of 1,039,000 wells in 2014. This recent decline in the number of wells reflects advances in technology and drilling techniques. EIA’s updated U.S. Oil and Natural Gas Wells by Production Rate report shows how daily production rates of individual wells contributed to U.S. total crude oil and natural gas production in 2017. Source: Today in Energy – U.S. crude oil and natural gas production increased in 2017, with fewer wells

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Source: CTRM Center

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