Deep Anadarko development hinges on gas pricing

Journal Article · Tue May 01 04:00:00 EDT 1979 · World Oil; (United States)

OSTI ID:5958158

Hefner, III, R A

Federal control of interstate gas prices at artificially low levels, high drilling and completion costs, and a gas surplus in intrastate markets have slowed deep development in western Oklahoma's Anadarko basin, claims The GHK Co. and Gasanadarko, Ltd. According to the Potential Gas Agency, 88 trillion CF of natural gas await discovery at depths below 15,000 ft. Deep-well drilling risks stemming from tremendous pressures and temperatures, however, translate into a cost of $3.2 million per well - 12 times the cost of a shallow well. The Natural Gas Policy Act's November 1978 deregulation of deep-well gas prices should spur activity in the nation's deep basins.

• OSTI ID: 5958158
• Journal Information: World Oil; (United States), Journal Name: World Oil; (United States) Vol. 188; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
030600* -- Natural Gas-- Economic
Industrial
& Business Aspects
CONSTRAINTS
COST
DEPTH
DEPTH 3-6 KM
DEREGULATION
DIMENSIONS
DRILLING
GEOLOGIC DEPOSITS
MINERAL RESOURCES
NATURAL GAS DEPOSITS
NATURAL GAS WELLS
NORTH AMERICA
OKLAHOMA
PRICES
RESOURCE DEVELOPMENT
RESOURCES
SOUTHWEST REGION
USA
WELL DRILLING
WELLS