United States: Producing gas wells ///
Record-setting natural gas prices in late 2000 and early 2001 produced by tight supplies and a cold winter focused operators’ attention on gas production increases and gas drilling. That activity surge carried on until mid-year 2001, when the rig count began its free-fall. The demand for gas and a period of $10/Mcf prices was enough to cause an 8,154-well increase in 2000, and an even larger 17,186-well increase to 341,762 in 2001.
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