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GEOREF RECORD

Oil and gas developments in West Texas and eastern New Mexico in 1988

Thomas J. Turmelle, Donald G. Burdick, A. Scott Dufford, Charles F. Garvey, Wayne R. Gibson and Roger J. Wetz
Oil and gas developments in West Texas and eastern New Mexico in 1988 (in World energy developments, 1988, Thomas H. Murray (prefacer))
AAPG Bulletin (October 1989) 73 (10B): 152-158

Abstract

In 1988, the oil and gas industry in west Texas and eastern New Mexico stabilized after a disastrous 1987. The total number of wells drilled was up 6.0% to 3,341. The number of exploratory wells drilled was up 4.4% to 571, and exploration footage was up 10.1% from 1987. The success rate for exploratory drilling decreased from 21.2% in 1987 to 19.4% in 1988. Development activity increased 6.3% to 2,770 wells, and total development footage increased by 12.4%. Oil production for 1988 was 481,818,561 bbl, down 2.2 from 1987. Gas production, however, was up 7.5% to 2,014,627 mmcf. Seismic crew activity decreased 7% from 1987. Leasing activity was also down. The amount of acreage leased was down 30%, and the total bonus paid was down 51%.


ISSN: 0149-1423
EISSN: 1558-9153
Coden: AABUD2
Serial Title: AAPG Bulletin
Serial Volume: 73
Serial Issue: 10B
Title: Oil and gas developments in West Texas and eastern New Mexico in 1988
Title: World energy developments, 1988
Pages: 152-158
Published: 19891001
Text Language: English
Publisher: American Association of Petroleum Geologists, Tulsa, OK, United States
Accession Number: 2020-011837
Categories: Economic geology, geology of energy sources
Document Type: Serial
Bibliographic Level: Analytic
N31°30'00" - N37°00'00", W109°04'60" - W103°00'00"
Country of Publication: United States
Secondary Affiliation: GeoRef, Copyright 2020, American Geosciences Institute. Reference includes data from GeoScienceWorld, Alexandria, VA, United States. Reference includes data supplied by American Association of Petroleum Geologists, Tulsa, OK, United States
Update Code: 2020
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