Journal's survey of active fields

Journal Article · Sun Jan 01 04:00:00 EST 1967 · Oil Gas J.; (United States)

OSTI ID:6322605

McCaslin, J C

Some drilling statistics are listed by areas and by individual fields for the U.S. and for some selected foreign countries, cost data are given for some of the more important productive areas. Drilling activity in the U.S. continues to lag behind the bad year of 1966 with few corners of the oil country showing completion increases. Total well completions as of Sept. 1 stood at 20,482 wells, down considerably from the comparable 1966 period. Total oil wells amounted to 9,389, gas wells 2,274, and dry holes 7,951. Wildcatters found 632 new oil pools, 330 new gas fields, and dug 4,394 wildcat failures. Total footage continues to suffer also with only 88.4 million ft of hole drilled. Exploratory drilling plunged in the first half to 3,956 from 4,628, down 14.5%. Exploration success ratio slipped to 18.5 from 20.3% last year. Exploratory completions of 8,578 are expected for the year, down 1,735. Field- development completions totaled 11,322 in the first half, down only moderately. There are 2 important shifts in the making in drilling. The type of wells to be drilled has changed, with more emphasis on field- development work and less wildcatting and less deep drilling.

• OSTI ID: 6322605
• Journal Information: Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 65:41; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300* -- Petroleum-- Drilling & Production
03 NATURAL GAS
030300 -- Natural Gas-- Drilling
Production
& Processing
COST
DATA
DRILLING
ENERGY SOURCES
FOSSIL FUELS
FUELS
GEOLOGIC DEPOSITS
INFORMATION
MATHEMATICS
MINERAL RESOURCES
NATURAL GAS WELLS
NORTH AMERICA
OIL FIELDS
OIL WELLS
PETROLEUM
PETROLEUM DEPOSITS
PRODUCTION
RESOURCES
STATISTICS
USA
WELL COMPLETION
WELLS