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AAPG Bulletin

Abstract


Volume: 68 (1984)

Issue: 10. (October)

First Page: 1341

Last Page: 1348

Title: Oil and Gas Developments in West Texas and Eastern New Mexico in 1983

Author(s): Duane R. Adams (2), William W. Collier (3), George J. Gail (4), Robert B. Gaines (5), Wayne R. Gibson (6), Harry A. Miller, Jr. (7), Paul H. Pause (8), L. D. Robbins (9)

Article Type: Meeting abstract

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 num er 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.

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