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Oil well completions up from year ago levels

WASHINGTON – Oil well drilling trends continue to rise in the fourth quarter of 2012 with exploratory and development wells showing a 15 percent and 16 percent increase from 2011’s fourth quarter figures, respectively, according to API’s 2012 Quarterly Well Completion Report: Fourth Quarter.
“The oil and natural gas industry expanded oil drilling in 2012 thanks in large part to access on private and state lands,” said Hazem Arafa, director of API’s statistics department. “Additional access to our own vast energy resources and streamlined federal permitting would allow for more opportunities to produce U.S. energy while creating ...


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