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.
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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.
March 21, 2007
Mild Upticks Cap Full Week of Rising Prices
Friday’s mild firmness wasn’t terribly impressive following thedazzling display of cash price might the day before, but it didmake last week five-for-five on ever-higher quotes each day.
May 22, 2000
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