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Posted June 29, 2016Today in Energy

Stripper wells accounted for 10% of U.S. oil production in 2015 ›

Stripper wells, or wells that produce small volumes, represent an important but decreasing share of total U.S. oil and natural gas production. These wells are characterized as producing no more than 15 barrels of oil equivalent per day (boe/d) over a 12-month period. EIA estimates that there were about 380,000 stripper oil wells (so called because they are stripping the remaining oil out of the ground) in the United States operating at the end of 2015, compared to about 90,000 nonstripper oil wells. More


Source: EIA, based on DrillingInfo

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Data Highlights

WTI crude oil futures price

6/28/2016: $47.85/barrels

down$1.00 from week earlier
down$10.48 from year earlier

Natural gas futures price

6/28/2016: $2.917/MMBtu

up$0.149 from week earlier
up$0.112 from year earlier

Retail gasoline price

6/27/2016: $2.329/gal

down$0.024 from week earlier
down$0.472 from year earlier

Crude oil inventories

6/24/2016: 526.6 million barrels 

down4.1 million barrels from week earlier
up61.2 million barrels from year earlier

Weekly coal production

6/18/2016: 13.351 million tons

up0.410 million tons from week earlier
down2.943 million tons from year earlier

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