Oil and gas developments in western Canada in 1986

Journal Article · Thu Oct 01 04:00:00 EDT 1987 · AAPG (Am. Assoc. Pet. Geol.) Bull.; (United States)

OSTI ID:5787893

Portigal, M H; Creed, R M; Hogg, J R; Hewitt, M D

Western Canadian petroleum industry activity slumped in 1986 in response to oil prices that fell to less than half of their 1985 levels. The federal and provincial governments attempted to support the industry with the introduction of new incentive programs and the elimination of the petroleum and gas revenue tax (PGRT). Total number of wells drilled decreased 51% to 5384 wells. Exploratory drilling fell 41% to 1955 wells, and development drilling was down 56% to 3,429 wells. Exploratory success rate dropped marginally from 57% to 55% with 634 oil completions and 444 gas completions. Development success rate also dropped (from 89% to 84%) with 2044 oil completions and 851 gas completions. Exploratory drilling activity fell in every area except the Northwest Territories-Arctic region, where it increased slightly. Land sale revenues fell by 67% to $33.8 million. Alberta's 25 Crown land sales generated $251 million, Saskatchewan's 4 Crown land sales generated $18 million, British Columbia's 8 Crown land sales generated $28 million, and Manitoba's 2 Crown land sales generated $900,000. Average price per hectare decreased in all provinces. 2 figures, 5 tables.

• Research Organization: Unocal Canada Ltd., Calgary, Alberta
• OSTI ID: 5787893
• Journal Information: AAPG (Am. Assoc. Pet. Geol.) Bull.; (United States), Journal Name: AAPG (Am. Assoc. Pet. Geol.) Bull.; (United States) Vol. 71:10B; ISSN AABUD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020200* -- Petroleum-- Reserves
Geology
& Exploration
020300 -- Petroleum-- Drilling & Production
03 NATURAL GAS
030200 -- Natural Gas-- Reserves
Geology
& Exploration
030300 -- Natural Gas-- Drilling
Production
& Processing
ALBERTA
BRITISH COLUMBIA
CANADA
DRILLING
EXPLORATION
EXPLORATORY WELLS
NATURAL GAS WELLS
NORTH AMERICA
OIL WELLS
SASKATCHEWAN
WELL DRILLING
WELLS