81% of New U.S. Oil and Gas Wells Drilled are Shale Wells

Last week the U.S. Energy Information Administration published data from U.S. wells completed from 2010-2021. The data shows that in 2021, 81% of U.S. well completions were horizontal or directional (i.e. shale wells), as opposed to 19% drilled vertical-only (conventional). The data also shows the length of wells has doubled from 2010 to 2021--going from an average of 7,300 feet in 2010 to 15,200 feet in 2021.

---

To view this content, log into your member account. (Not a member? Join Today!)