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API Survey: Efficient Wells Contribute To Rising Energy Security In The U.S.

2015-04-13 07:40:41| oilandgasonline Home Page

An estimated $147.7B was invested in drilling approximately 45,000 U.S. oil and natural gas wells in 2013, according to API’s 2013 Joint Association Survey on Drilling Costs. The number of wells declined slightly from 2012 and costs remained flat, but the average depth and total distance drilled increased, indicating a rise in efficiency.

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