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The total number of US producing oil wells increased markedly over 2008 due to the high price environment that prevailed through most of the year. At the end of 2008, the well total increased by 5% to 525,287 wells, up from 500,085 wells in 2007, as reported by state agencies and estimated by World Oil. The US increased by 25,202 net producing wells, led by Texas, whose operators increased the total producing wells by 5,579 wells, a nearly 4% increase.
Seven states-Texas, Oklahoma, Kansas, California, Ohio, Louisiana and New Mexico-have the largest number of producing wells. Together they account for about 78% of US producing oil wells. The relative rankings did not change in 2008.
Texas continues with the largest count at 150,239 wells. District 8 saw the largest gain, as operators increased producing wells by over 1,800. Permian Basin development drilling accounted for most of this advance. District 1 had the second largest gain at almost 1,300 wells. Districts 6, 7B, 7C, 8A, 9 and 10 had triple-digit net increases.
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Houston, TX - November 4-5
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