Statistics of Oklahoma's petroleum industry, 1970

Journal Article · Sun Aug 01 04:00:00 EDT 1971 · Okla. Geol. Notes; (United States)

OSTI ID:5569385

Roberts, J F

Total drilling of wells related to the oil and gas industry decreased in all categories in 1970. The decrease was due to diversion of funds to other areas involving large investments. Sixty-four counties were explored for new reservoirs, and 40 had successful completions, making a statewide success ratio for exploratory wells of 22%. Caddo County had the most exploratory tests, of which 5 were discoveries. Discoveries were in sandstone reservoirs. The 22 giant oil fields of Oklahoma are listed. These giants produced approx. 45% of the yearly total of oil and accounted for about the same percent of the estimated ultimate yield and remaining reserves. This production came from 40% of the total number of producing wells in the state. Natural-gas reserves decreased from 17,593 trillion cu ft in 1969 to 16,954 trillion cu ft in 1970, owing to increased production in spite of slight increases in discoveries, extensions, and revisions. Total liquid- hydrocarbon reserves decreases from 1,856 billion bbl in 1969 to 1,710 billion bbl in 1970. Crude oil and natural- gas liquids shared in the decline.

• OSTI ID: 5569385
• Journal Information: Okla. Geol. Notes; (United States), Journal Name: Okla. Geol. Notes; (United States) Vol. 31:4; ISSN OKGNA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200* -- Petroleum-- Reserves
Geology
& Exploration
03 NATURAL GAS
030200 -- Natural Gas-- Reserves
Geology
& Exploration
DRILLING
ECONOMICS
ENERGY SOURCES
EXPLORATION
FEDERAL REGION VI
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
GEOLOGIC DEPOSITS
INDUSTRY
LIQUIDS
MATHEMATICS
MINERAL RESOURCES
NATURAL GAS
NATURAL GAS DEPOSITS
NATURAL GAS LIQUIDS
NORTH AMERICA
OIL FIELDS
OKLAHOMA
PETROLEUM
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PRODUCTION
RESERVES
RESERVOIR ROCK
RESOURCES
ROCKS
SANDSTONES
SEDIMENTARY ROCKS
STATISTICS
USA
WELL DRILLING