World Oil | Sabrina Fang
API announced that oil and natural gas development in the U.S. is steady and in a growth mode.
API has announced that estimated wells completed in the third quarter of 2017 increased 63% compared to the third quarter of 2016. This includes a dramatic 84% increase for all oil wells completed from year-ago levels. “Today’s report shows evidence that domestic oil and natural gas development remains strong,” said Hazem Arafa, director of API’s statistics department.
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