Rystad: Number of Drilled Wells in 2020 to Hit Lowest Point in a Decade

The number of drilled oil and gas wells this year is expected to reach about 55,350, the lowest since at least the beginning of the century, Norwegian energy industry intelligence firm Rystad Energy said. The demand for drilling equipment is also down.

The expected 55,350 wells in 2020 are a drop of 23% fall from 2019’s number of 71,946 wells.

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