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Posted July 28, 2016Today in Energy

Stripper wells accounted for 11% of U.S. natural gas production in 2015 ›

Stripper wells, also known as marginal wells, individually produce small volumes of natural gas or oil but in aggregate have provided 11% to 15% of total U.S. oil and natural gas production over the past decade. Natural gas stripper wells (so called because they are stripping the remaining natural gas out of the ground) are characterized as producing no more than 90,000 cubic feet per day over a 12-month period. EIA estimates that there were about 456,000 stripper gas wells in the United States operating at the end of 2015, compared with about 122,000 nonstripper gas wells. More

Source: EIA, based on DrillingInfo


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Data Highlights

WTI crude oil futures price

7/27/2016: $41.92/barrels

down$3.02 from week earlier
down$6.06 from year earlier

Natural gas futures price

7/27/2016: $2.672/MMBtu

up$0.014 from week earlier
down$0.149 from year earlier

Weekly coal production

7/23/2016: 14.970 million tons

down0.171 million tons from week earlier
down3.239 million tons from year earlier

Natural gas inventories

7/22/2016: 3,294 Bcf

up17 Bcf from week earlier
up436 Bcf from year earlier

Crude oil inventories

7/22/2016: 521.1 million barrels

up1.7 million barrels from week earlier
up61.5 million barrels from year earlier


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