2016 on pace for worst EandP year since Great Depression, but improvement seen

According to the latest mid-year forecast assembled by World Oil magazine, only 14,430 wells will be drilled in the U.S. this year, on par with the years 1930-1934, when not a single year topped 20,000 wells drilled. In fact, this will be lowest total since 11,700 wells were drilled in 1933. More »