Oil well drilling activity continued to increase in the fourth quarter of 2011, according to API's 2011 Quarterly Well Completion Report: Fourth Quarter. The report estimates that 6,149 oil wells were completed in fourth quarter 2011, a 10 percent increase from year-ago levels.
"There's good news that domestic drilling continued to increase into the fourth quarter of 2011," said Hazem Arafa, director of API's statistics department. "And with policies that allow greater access to the vast energy resources right here at home, we can provide even more of the energy our country needs while hiring more American workers and generating more revenue for our government."
via api-ec.api.org
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