Exploration and production companies are drilling more high-impact wells this year, with a much higher success rate than in 2021. It is a positive sign for global oil and gas supply as activity is on the rebound. High-impact exploration is back after a dismal 2021, which saw a low success rate—one of the lowest on record—in discovering new oil and gas resources, analysts say.
The much higher success rate at high-impact wells drilled so far this year is a good signal for global supply at a time when oil and gas prices are high,…High-Impact Oil And Gas Drilling Is Back
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