API: Oil And Gas Drilling Sees 35% Increase Over 2016 Levels
Published 07 April 2017 American Petroleum Institute (API) has announced that estimated total wells drilled and completed in the first quarter of 2017 saw an increase of 35 percent compared to the first quarter of 2016. This is a drastic improvement from 2016 levels which saw a 59% decrease in total wells drilled and completed from the previous year.