API’s oil and gas drilling improves by 35%

17 April 2017

API confirmed that estimated total wells drilled and completed in the Q1 2017 saw an increase of 35% compared to the Q1 2016. This is a drastic improvement from 2016 levels which saw a 59 % decrease in total wells drilled and completed from the previous year.

API is the only national trade association representing all facets of the oil and natural gas industry, which supports 9.8 million U.S. jobs and 8 percent of the U.S. economy. API’s more than 625 members include large integrated companies, as well as exploration and production, refining, marketing, pipeline, and marine businesses, and service and supply firms. They provide most of the nation’s energy and are backed by a growing grassroots movement of more than 40M Americans.