2012 Forecast: U.S. oil well counts rise in all regions ///

The total number of producing oil wells in the U.S. increased at a steady pace in 2011, reflecting stepped-up drilling programs spurred by $100/bbl prices. World Oil’s estimate of producing wells, based on surveys of state agencies and company sources, indicates a rise of over 16,000 wells to 535,951. This is up 3.2% over 2010. It should be pointed out that the quality and reliability of data varies from state to state, but, overall, the regional figures represent reasonably accurate counts.

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