U.S. oil and gas exploration fell to its lowest level since 2004

Washington, April 15 reported that the American Petroleum Institute (API) recently released the latest statistics show that the United States in the first quarter of this year's oil and gas drilling activity in 2004 dropped to its lowest level since, marking the oil and gas drilling activities in the United States 6 consecutive increase in the first quarter of the end of history.

Reported that the United States in the first quarter of this year after drilling a total of 11,071 oil and gas wells and dry wells, the first quarter of last year decreased by 22% and the fourth quarter of last year a decrease of 35%. U.S. first quarter of this year the number of exploration wells in the same period last year estimated a decrease of 11%, while the deep well (15,000 feet or above 15,000 feet) and shallow natural gas wells in the same period last year were estimated to reduce by 13% and 36%.

U.S. drilling company the main objective of their natural gas on the top, but the United States first quarter of this year the volume of natural gas drilling operations are still experienced in the past 10 years the largest quarterly decline. According to statistics, the U.S. operation in the first quarter of this year, about 5735 natural gas wells, the same period last year dropped by 23%. In addition, the United States in the first quarter of the number of oil wells by 23% year-on-year decline, down to 4060.

Source: www.in-en.com Apr. 18, 2009