In 1989, the oil and gas industry in west Texas and eastern New Mexico continued the decline in activity from previous years. The total number of wells drilled was down 26.1% to 2459. The number of exploratory wells drilled was down 31.1% to 385, and exploration footage was down 31% from 1988. The success rate for exploratory drilling increased from 18.6% in 1988 to 21.8% in 1989. Development activity decreased 25.1% to 2074 wells, and total development footage decreased by 27.8%. Oil production for 1989 was 456,508,902 bbl, down 5.3% from 1988. Gas production, however, was up 1.2% to 2,038,188 mmcf. Seismic crew activity decreased 26.9% from 1988. The amount of acreage leased was down 3%, whereas the total bonus paid was down 13%.

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