EnergyEconomist.com Well Completions

Well Completion* Information
Graphs:

Trends
By Type
Total
Exploratory
Development
By Product
Petroleum
Natural Gas

 




Change
Percent Change

June, 2008 May, 2008 June, 2007 Monthly Annual Monthly Annual
Total Wells
Petroleum Wells 1,557 1,525 1,152 32 405 2.1% 35.2%
Gas Wells 2,826 2,766 2,776 60 50 2.2% 1.8%
Dry Holes 569 556 512 13 57 2.3% 11.1%
Oil Gas and Dry Holes 4,952 4,847 4,440 105 512 2.2% 11.5%
Exploratory
Petroleum Wells 68 66 51 2 17 3.0% 33.3%
Gas Wells 142 139 140 3 2 2.2% 1.4%
Dry Holes 194 189 176 5 18 2.6% 10.2%
Oil Gas and Dry Holes 404 394 367 10 37 2.5% 10.1%
Development
Petroleum Wells 1,489 1,459 1,101 30 388 2.1% 35.2%
Gas Wells 2,684 2,627 2,636 57 48 2.2% 1.8%
Dry Holes 375 367 336 8 39 2.2% 11.6%
Oil Gas and Dry Holes 4,548 4,453 4,073 95 475 2.1% 11.7%
Total Footage
Oil Gas and Dry Holes 28,487 27,883 28,419 604 68 2.2% 0.2%





Change
Percent Change

June, 2008 May, 2008 June, 2007 Monthly Annual Monthly Annual
Petroleum Wells
Exploratory 68 66 51 2 17 3.0% 33.3%
Development 1,489 1,459 1,101 30 388 2.1% 35.2%
Total 1,557 1,525 1,152 32 405 2.1% 35.2%
Gas Wells
Exploratory 142 139 140 3 2 2.2% 1.4%
Development 2,684 2,627 2,636 57 48 2.2% 1.8%
Total 2,826 2,766 2,776 60 50 2.2% 1.8%
Dry Holes
Exploratory 194 189 176 5 18 2.6% 10.2%
Development 375 367 336 8 39 2.2% 11.6%
Total 569 556 512 13 57 2.3% 11.1%
Oil Gas and Dry Holes
Exploratory 404 394 367 10 37 2.5% 10.1%
Development 4,548 4,453 4,073 95 475 2.1% 11.7%
Total 4,952 4,847 4,440 105 512 2.2% 11.5%
Footage (1000 ft) 28,487 27,883 28,419 604 68 2.2% 0.2%
*Wells that productively encounter both crude oil and natural gas are categorized as “completed for oil.” Both development wells and exploratory wells (new field wildcats, new pool tests, and extension tests) are included in the statistics. All other classes of wells drilled in connection with the search for producible hydrocarbons are excluded.

 
Copyright 2002-2008 by James L. Williams  
 
James L. Williams
WTRG Economics 
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