United States: Producing oil wells ///
While positive numbers from a few areas kept the decline to a minimal 0.6%, or 3,058 wells last year, from 2000, producing U.S. oil wells did not fully recover from the 12,000-well loss in 2000. The category that fluctuates the most with price is stripper wells. Those states with large numbers of low-volume wells have seen many shut-ins. Notable losses are recorded in Illinois, Northeast Texas and West Virginia. In the latter case, the state agency reported a record low number of 8,450 wells, down 7,450 from typical numbers.
Log in to view this article.
Not yet a subscriber? Get started now for immediate access to this content and more.
Join Our Newsletter ///
Sign-up for World Oil Daily News
Latest News ///More