Oil and gas developments in western Canada in 1984

Journal Article · Tue Oct 01 04:00:00 EDT 1985 · AAPG Bull. (See CODEN: AAPGB); (United States)

OSTI ID:6146358

Hay, P W; Robertson, D C

Petroleum industry activity in western Canada rebounded strongly in 1984 to near-record levels, with the third successive annual increase following the 1981 slump. The year was marked by increased development drilling, especially in Saskatchewan, further emphasis on in-situ heavy oil wells, and a continuation of government incentives. Total number of wells drilled increased by 30% to 8,765. Exploratory drilling reversed a 3-year decline by rising 45% to 2,863 wells. Development drilling reached a record 5,902 wells, up 23% from 1983 and 15% from the 1980 record. Exploratory success rate decreased from 62% to 60%, with 1,089 oil discoveries and 637 gas discoveries. The development success rate remained at 89%, with 4,010 oil completions and 1,228 gas completions. Exploratory drilling rose sharply in every area except Manitoba, and development drilling increased in all areas. Average well depths rose marginally in every province but Manitoba. Land sale revenue continued to soar, increasing by 44% to $812 million, but still below the 1980 peak of $1,311 million. Alberta land sale revenue totaled $624 million, Saskatchewan $124 million, British Columbia $62 million, and Manitoba $2.5 million. Average price per hectare declined in the 2 most active areas (Alberta and Saskatchewan), but increased in British Columbia and Manitoba. The year 1984 marked a return to better times, and all indications point to even greater drilling activity in 1985.

• Research Organization: Husky Oil, Station D, Calgary, Alberta
• OSTI ID: 6146358
• Journal Information: AAPG Bull. (See CODEN: AAPGB); (United States), Journal Name: AAPG Bull. (See CODEN: AAPGB); (United States) Vol. 69:10; ISSN AABUD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
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03 NATURAL GAS
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29 ENERGY PLANNING, POLICY, AND ECONOMY
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ALBERTA
BRITISH COLUMBIA
CANADA
DRILLING
EXPLOITATION
EXPLORATION
EXPLORATORY WELLS
GEOLOGIC DEPOSITS
MANITOBA
MINERAL RESOURCES
NATURAL GAS DEPOSITS
NATURAL GAS WELLS
NORTH AMERICA
OFFSHORE SITES
OIL WELLS
ONSHORE SITES
PETROLEUM DEPOSITS
RESOURCES
SASKATCHEWAN
WELL DRILLING
WELLS