Third Quarter Estimates for U.S. Drilling Reaches 22 Year High
New Orleans City Business › November 14, 2007
Linked as:
Summary
U.S. drilling estimates for the third quarter haven't been this high since 1985, according to the American Petroleum Institute. That's not surprising since crude oil is pressing on $100 a barrel and clean-burning natural gas increasingly is the fuel of choice worldwide.
An estimated 13,543 oil wells, natural gas wells and dry holes were completed in the third quarter -- a 22-year record. Not since the oil boom went bust in 1985 have drillers been so busy.See the full content of this document
Extract
Third Quarter Estimates for U.S. Drilling Reaches 22 Year High
Natural gas, wh...
See the full content of this document
Sponsored links
