US oil service company Baker Hughes Friday (Jan. 5) released data show that the week ended January 5, the United States to reduce the number of active oil wells 5 to 742, three weeks after the previous flat at 747. Last year The number of active oil wells in the United States is 529.
More figures show the total number of active oil and gas wells in the United States for the week ended January 5 is down 5 to 924.
In addition, Baker Hughes said in a report that the U.S. natural gas drilling week was flat at 182.
US investment bank Piper Jaffray released a report saying that the total number of oil and gas drilling in the United States is expected to be 997 in 2018 and 1126 in 2019. Two weeks ago, the bank predicted that the total number of oil and gas drilling in 2018 and 2019 will be 999 and 1127, respectively.
On the other hand, the United States Energy Information Administration (EIA) released a report that the United States in 2017 crude oil production was 9.2 million barrels / day, is expected in 2018 will exceed 10 million barrels / day mark, compared with 890 million barrels / day in 2016. U.S. crude oil production reached a record high of 9.6 million barrels / day in 1970.