According to the World Petroleum Washington News, the American Petroleum Association (API) oil well completion report in the fourth quarter of 2018 shows that the total gas and oil well completion in the fourth quarter of 2018 is expected to increase by 23% compared with the same period last year.
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Dean Foreman, chief economist of API, said: “The data reported in the fourth quarter confirm an increase in natural gas and oil well completion in 2018. As a world leader in the production and refining of natural gas and oil, the United States continues to make progress. America’s record energy production and success in reducing its carbon dioxide emissions to the lowest level in a generation testify to the importance of American energy leadership and the innovation of the resulting energy revolution. When American energy policies include technological innovation and open markets, effective trade policies, and expanding the energy infrastructure of the United States, we can achieve these goals, providing affordable and reliable energy for consumers, while protecting our environment.
API’s U.S. National Energy Report 2019 provides more insights into global energy balance changes and their impact on communities across the United States. The report also highlights 13 women and men who live and work in communities across the country. Their careers in the industry show that innovative technologies in the field of natural gas and oil are now widespread and that the industry is committed to continuing to reduce emissions, protect the environment and promote safety.
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