United States: Producing oil wells ///
US operators across the board continued to trim operating costs in 2002 by shutting in low-volume oil wells. Cutbacks reported by state agencies and those estimated by World Oil are moderate, percentage-wise, totaling – 2.0%, or 10,843 wells total. Texas reported a 1.1% drop of 1,675 wells, compared to a 5,136-well increase in 2001. And modest increases in the two largest Districts, 8 and 8A, tempered the overall state drop – both areas have strong secondary recovery projects underway. Other Texas areas with long-established oil producers, many in stripper-well status, saw declining oil-well numbers.
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