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Energy

US Oil Well Completions Rose 10% in Fourth Quarter

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By Paul Ausick Published

The American Petroleum Institute (API) reports that oil well completions rose 10% in the fourth quarter of 2011 to 6,149.

Total wells completed in the quarter fell slightly quarter-over-quarter, from 10,487 in the third quarter to 10,383 in the fourth quarter. The total includes 3,217 natural gas wells and 1,017 dry holes. Drilling footage reached 74.65 million feet.

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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