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Posted November 14, 2018Today in Energy

U.S. crude oil and natural gas production increased in 2017, with fewer wells ›

The total number of wells producing crude oil and natural gas in the United States fell to 991,000 in 2017, down from a peak of 1,039,000 wells in 2014. This recent decline in the number of wells reflects advances in technology and drilling techniques. EIA’s updated U.S. Oil and Natural Gas Wells by Production Rate report shows how daily production rates of individual wells contributed to U.S. total crude oil and natural gas production in 2017. More

U.S. oil and natural gas wells and crude oil production

Source: EIA, U.S. Oil and Natural Gas Wells by Production Rate

Data Highlights

WTI crude oil futures price

11/13/2018: $55.69/barrel

down$6.52 from week earlier
down$1.07 from year earlier

Natural gas futures price

11/13/2018: $4.101/MMBtu

up$0.546 from week earlier
up$0.934 from year earlier

Retail gasoline price

11/12/2018: $2.686/gal

down$0.067 from week earlier
up$0.094 from year earlier

Retail diesel price

11/12/2018: $3.317/gal

down$0.021 from week earlier
up$0.402 from year earlier

Weekly coal production

11/3/2018: 14.961 million tons

up0.090 million tons from week earlier
down0.198 million tons from year earlier

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