Oil and gas developments in west Texas and eastern New Mexico in 1986

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

OSTI ID:6002880

Dufford, S; Burdick, D G; Garvey, C F; Gibson, W R; Grimes, D N; Pause, P H; Turmelle, T J

Not surprisingly, 1986 was a bad year for drilling activity in the Permian basin. In west Texas and eastern New Mexico, 3849 wells were drilled, a decline of 50.0% from 1985. The success rate for all wells was 72.4%, down 7.5% from 1985. This sizeable drop was due to the decrease in the price of oil as marginal wells were completed as dry holes. The number of exploratory wells drilled was 31.1% lower than in 1985, and the total exploratory footage drilled was down almost 30% as well. The 1986 exploratory success rate decreased 4.2% from the 1985 rate to 1.6%. Seismic crew activity decreased 46% to its lowest level since 1973. Development well drilling in 1986 decreased 53.2% as development footage drilled decreased 52.5%. Oil production for 1986 was 524,836,270 bbl, down 3.3% from 1985, and gas production was 1,811,214 mmcf, down 8.1% from 1985. Leasing activity decreased sharply from 1985, continuing the downward trend which began in 1981. 6 figures, 3 tables.

• Research Organization: Trend Exploration Co., Midland, TX
• OSTI ID: 6002880
• 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
DRILLING
EXPLORATION
EXPLORATORY WELLS
FEDERAL REGION VI
NATURAL GAS WELLS
NEW MEXICO
NORTH AMERICA
OIL WELLS
TEXAS
USA
WELL DRILLING
WELLS