Fourth Quarter 2015 U.S. Well Completions Down 51%

Just how bad is it in the oil and gas patch? One measure of activity is called well completions–how many new wells are fully drilled, fracked and ready to be brought online into production. According to the American Petroleum Institute’s “2015 Quarterly Well Completion Report, Fourth Quarter” report, well completions in the fourth quarter of 2015 were down 51% from the fourth quarter of 2014. Ouch. If you compare full year figures, 2015 well completions were down 35% over 2014 rates…

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