Some of the newest U.S. natural gas wells are depleting at a rate of 50% a year, which is “not a terribly surprising thing,” Patterson-UTI Energy Inc. Chairman Mark Siegel said last week. What is a surprise, he said, is the furious expansion in domestic gas drilling — nearly 32,500 wells were drilled in 2006, compared with less than 17,500 just five years ago.
Depleting
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U.S. Onshore Gas Drilling Expands at Furious Pace — But Supply Steady
Some of the newest U.S. natural gas wells are depleting at a rate of 50% a year, which is “not a terribly surprising thing,” Patterson-UTI Energy Inc. Chairman Mark Siegel said Tuesday. What is a surprise, he said, is the furious expansion in domestic gas drilling — nearly 32,500 wells were drilled in 2006, compared with less than 17,500 just five years ago.
Record Winter Warmth Sizzles the U.S.
Although you couldn’t tell from rapidly depleting gas storagelevels or lofty gas prices, this winter turned out to be thewarmest on record for the United States, according to a report bythe National Oceanic and Atmospheric Administration. And it was thethird winter in a row in which record warmth cooked the UnitedStates.
Record Winter Warmth Sizzles the U.S.
Although you couldn’t tell from rapidly depleting gas storagelevels or lofty gas prices, this winter turned out to be thewarmest on record for the United States, according to a report bythe National Oceanic and Atmospheric Administration. And it was thethird winter in a row in which record warmth cooked the UnitedStates.