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Statistics of Oklahoma's petroleum industry, 1967

Journal Article · · Okla. Geol. Notes; (United States)
OSTI ID:5833634
Exploratory drilling during 1967 declined as did most activity in the petroleum industry except production. Sixty-six counties were explored for new reservoirs. The state-wide success ratio was 23%. The NW. portion of the State experienced the most extensive activity as the search continued for discoveries in the N. flank of and down into the Anadarko Basin; the success ratio, as in 1966, was 40%. The most significant discoveries were in carbonate reservoirs of Mississippian, Hunton, and Viola units. New sandstone reserves were found in numerous Pennsylvanian and Ordovician formations. The 22 giant fields in Oklahoma are listed in a table. A giant field is one that has an estimated ultimate recovery of more than 100 million bbl of oil. These giants produced 46% of Oklahoma's oil during 1967; they account for 52% of the State's estimated ultimate yield and contain 45% of the remaining reserves. Oklahoma continues to rank third in the nation in production and estimated reserves of natural gas and fourth in crude oil.
OSTI ID:
5833634
Journal Information:
Okla. Geol. Notes; (United States), Journal Name: Okla. Geol. Notes; (United States) Vol. 28:4; ISSN OKGNA
Country of Publication:
United States
Language:
English