Abstract
North-central Texas has been prospected and exploited for oil and gas for more than 70 years. In 1973, gas-well discoveries exceeded new-oil discoveries for the first time. Total wells drilled decreased 3.7% compared to 1972, but exploratory drilling was up 21%. The exploratory-well success ratio rose markedly from 15.8% in 1972 to 29.5% in 1973. Rising gas prices in the intrastate market spurred gas exploration and leasing activity in the Fort Worth basin. Oil production declined 6%, a decrease of 5,412,200 bbl from 1972.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
