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The Number Of U.S. Oil And Gas Exploration Wells Hit A New High Since April Last Year


 "Oil & Gas Magazine" reported on November 25 that Baker Hughes Inc., the world's third-largest oilfield services company, reported that as of November 24, the number of oil and gas exploration wells in the United States increased by 6 from the previous week to 569, a record of April last year. New highs since. Among them, the number of horizontal exploration wells mainly used for shale oil and gas exploitation increased by 7 from the previous week to 513. The increase or decrease in exploration activities will reflect the future oil production, usually with a gap of 3-6 months. The exploration wells calculated by Baker Hughes Inc. refer to the number of wells (drilling rigs) set up for the development and exploration of new oil and gas reserves.

According to data from Baker Hughes Inc., as of November 24, the number of oil exploration wells in the United States increased by 6 from the previous week to 467, which is the fifth consecutive week of increase. It also set a new high since April last year. The number of natural gas exploration wells was higher than that of the previous week. The flat was 102 seats. Compared with the same period last year, the number of oil exploration wells in the United States increased by 226, the number of natural gas exploration wells increased by 25, and the number of horizontal exploration wells increased by 230. According to data from the US Department of Energy, in the week of November 19, US crude oil production increased by 100,000 barrels to 11.5 million barrels per day from the previous week.


Source: Money DJ


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