Abstract

7,254 wells were drilled, 16.1% more than 1980. The success rate for all wells was 81.6%, up 0.6% from 1980. The number of exploratory wells drilled was 11.9% higher than 1980, and the total exploratory footage drilled was up 16.7%. The exploratory success rate decreased from 31.8 to 31.2%. Seismic activity decreased 7.9% from 1980. Oil production for 1981 was 578,732,077 bbl, down 5.4% from 1980, and gas production was 2,436,104,631 mcf, down 5.0% from 1980. Leasing activity was aggressive.--Modified journal abstract.

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