United States: Producing oil wells ///
Despite the rebound of crude oil prices in mid-2002, and then again in early 2003, the number of US producing oil wells continued to decline last year, as reported by state agencies and estimated by World Oil. Overall, the decrease was 8,475 wells, or 1.6%. In Texas, with by far the largest number of oil wells, the Railroad Commission reported 3,137 fewer wells, a 2.0% drop, from 157,565 in 2002. Districts 7C, 8 and 8A, with over 70,000 wells, held essentially steady due to their emphasis on secondary recovery via CO2 injection. Other Texas areas generally took 2 to 5% of their older wells out of service.
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