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Drilling activity in the Mid-Continent has suffered from the industry slump. Mid-Continent industry activity, however, remains surprisingly strong when compared to the total United States. In 1982, four Mid-Continent basins ranked in the top ten based on total completions. Two provinces--Anadarko basin and Chautauqua platform--ranked in the top ten based on drilling and completion expenditures. Despite mature development of most Mid-Continent producing provinces, 1982 exploratory drilling continued strong and yielded good success. Seven Mid-Continent provinces ranked in the top ten based on density of wildcat drilling activity. Four provinces ranked in the top ten based on number of wildcats and best success ratios.
Coupled with active exploratory drilling both Oklahoma (+ 2.8%) and Kansas (+ 3.8%) increased their annual crude-oil production. Average 1982 oil well initial potentials increased by 30% to 30 bbl/day in Kansas and by 9% to 58 bbl/day in Oklahoma. The increased productive potential coupled with lower drilling costs indicates the potential for improved investment return for Mid-Continent wells.
The 1983 drilling and exploratory activity are reviewed to highlight positive factors and trends that support continued healthy industry activity in the Mid-Continent.
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