Oil and gas developments in western Canada in 1985

Journal Article · Wed Oct 01 04:00:00 EDT 1986 · Am. Assoc. Pet. Geol., Bull.; (United States)

OSTI ID:6929675

Robertson, D C

Western Canadian petroleum industry activity soared to record levels in 1985, exceeding the 1980 record by 25%. This was the third successive annual increase following the 1981-1982 slump. The signing of the Western Accord by the federal government and the provinces of British Columbia, Alberta, and Saskatchewan brought oil-price decontrol and numerous incentives in the form of tax relief and new marketing strategies for oil and gas throughout western Canada. Provincial government incentives and new royalty holidays bolstered western Canada drilling activity. Total number of wells drilled increased 26% in 1985, to 11,071 wells. Exploratory drilling rose 15% to 3293 wells, while development drilling reached a record level of 7778 wells, up 32% from 1984. Exploratory success rate dropped from 60% to 57%, with 1250 oil discoveries and 620 gas discoveries. Development success rate remained constant at 89%, with 5044 oil completions and 1900 gas completions. Exploratory drilling activity rose in every area, while development drilling increased in all areas but Manitoba and the Northwest Territories - Arctic region. 2 figures, 5 tables.

• Research Organization: Petro-Canada Resources, Calgary, Alberta
• OSTI ID: 6929675
• Journal Information: Am. Assoc. Pet. Geol., Bull.; (United States), Journal Name: Am. Assoc. Pet. Geol., Bull.; (United States) Vol. 70:10; ISSN AAPGB
• 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
ALBERTA
BRITISH COLUMBIA
CANADA
DRILLING
ENERGY SOURCES
EXPLORATION
EXPLORATORY WELLS
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRY
MANITOBA
NATURAL GAS
NATURAL GAS INDUSTRY
NATURAL GAS WELLS
NORTH AMERICA
OIL WELLS
PETROLEUM
PETROLEUM INDUSTRY
PRODUCTION
SASKATCHEWAN
WELL DRILLING
WELLS