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GEOREF RECORD

Oil and gas developments in West Texas and eastern New Mexico in 1983

Duane R. Adams, William W. Collier, George J. Gail, Robert B. Gaines, Wayne R. Gibson, Harry A. Miller, Paul H. Pause and L. D. Robbins
Oil and gas developments in West Texas and eastern New Mexico in 1983
AAPG Bulletin (October 1984) 68 (10): 1341-1348

Abstract

7,034 wells were drilled in west Texas and eastern New Mexico in 1983, 17.2% less than in 1982. The success rate for all wells was 79.8%, up 1.1% from 1982. The exploratory success rate decreased to 25.4% in 1983 from 26.4% in 1982. The number of exploratory wells drilled in 1983 decreased 27.1% from 1982, and total exploratory footage decreased 30.1%. The severe decline in exploratory drilling during 1983 was anticipated because seismic crew activity had declined during the 2 preceding years. However, 1983 seismic activity increased 2.1% from 1982, reversing the trend. Therefore, because seismic crew activity is usually a reliable leading indicator of trends in exploratory drilling, an increase in Permian basin wildcat drilling is predicted for mid-1985. In 1983, the number of development wells drilled decreased 15.2% from 1982, and total development footage decreased 17.6%. Development success increased by 0.1% to 89.2%. Oil production for 1983 was 550,473,920 bbl, down 1.7% from 1982. Gas production was 1,995,555,963 mcf, down 9.5% from 1982. Overall leasing activity decreased in 1983. The land sales of New Mexico and the University of Texas received only a fraction of the attention normally paid to them. However, leasing was very aggressive in Glasscock, Midland, and Hockley Counties, Texas, of the Midland basin.


ISSN: 0149-1423
EISSN: 1558-9153
Coden: AABUD2
Serial Title: AAPG Bulletin
Serial Volume: 68
Serial Issue: 10
Title: Oil and gas developments in West Texas and eastern New Mexico in 1983
Affiliation: Santa Fe Miner., Midland, TX, United States
Pages: 1341-1348
Published: 198410
Text Language: English
Publisher: American Association of Petroleum Geologists, Tulsa, OK, United States
Accession Number: 1985-021867
Categories: Economic geology, economics of energy sources
Document Type: Serial
Bibliographic Level: Analytic
Illustration Description: illus. incl. 3 tables, sketch maps
N31°30'00" - N37°00'00", W109°04'60" - W103°00'00"
Secondary Affiliation: Exxon Co., USA, United StatesSuper. Oil Co., USA, United StatesBelNorth Pet. Corp., USA, United StatesEarl M. Craig, Jr. Corp., USA, United StatesHCW Explor., USA, United StatesHanley Pet., USA, United States
Source Note: World energy development, 1983
Country of Publication: United States
Secondary Affiliation: GeoRef, Copyright 2019, American Geosciences Institute.
Update Code: 1985
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