81 percent of completed wells in the oil and gas industry were horizontal or directional in 2021. The number of completed oil and gas wells fell by 66 percent between 2010 and 2021. Horizontal well drilling has been crucial in the development of new oil and gas resources in the U.S. More than 80 percent of oil and gas well completions in the United States were horizontal or directional in 2021, and although the total number of completed wells has fallen since 2010, U.S. crude oil production has more than doubled thanks to horizontal drilling, the Energy Information Administration (EIA) said on Thursday. Last year, 81 percent of completed wells in the oil and gas industry were horizontal or directional, compared to just 19 percent of completed vertical wells, the EIA found in its recently added data series on crude oil and natural gas well completions and drilled footage […]