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Oil and gas developments in western Canada in 1983

Journal Article · · Am. Assoc. Pet. Geol., Bull.; (United States)
OSTI ID:6426063

In 1983, petroleum industry activity in western Canada increased moderately after 2 successive poor years. This increase resulted from record activity in Saskatchewan, a shift from gas to oil exploration, renewed heavy oil development, and provincial government incentives. The total number of wells drilled increased by 7% to 6755. Exploratory drilling decreased by 14% to 1973 wells, but was more than offset by a 20% increase in development drilling to 4782 wells. Exploratory success rate decreased to 62% from 65% in 1982, with 757 oil discoveries and only 461 gas discoveries. The development success rate increased slightly from 89% to 90%, with 3393 oil completions and 913 gas completions. Exploratory drilling declined in all areas except Saskatchewan, whereas development drilling increased in Saskatchewan, Manitoba, and the Northwest Territories-Arctic. Average well depths increased only in Alberta and Saskatchewan, Manitoba, and the Northwest Territories-Arctic. Average well depths increased only in Alberta and Saskatchewan. Total revenue from land sales rose dramatically by 46% to $564 million. Alberta land sale bonuses totaled $429 million, Saskatchewan $108 million, British Columbia $26 million, and Manitoba $1 million. Average price per hectare increased substantially in the 3 westernmost provinces, but decreased in Manitoba, exactly the opposite trend from 1982. 2 figures, 5 tables.

Research Organization:
Husky Oil, Calgary, Alberta
OSTI ID:
6426063
Journal Information:
Am. Assoc. Pet. Geol., Bull.; (United States), Journal Name: Am. Assoc. Pet. Geol., Bull.; (United States) Vol. 68:10; ISSN AAPGB
Country of Publication:
United States
Language:
English