Abstract
South Texas drilling declined 9% in 1960 from the 1959 level. No new major fields are apparent at the current stage of development. Although exploratory drilling increased 2%, the success ratio was 1.1% under that of 1959. Development drilling was down 8.8%. The 60 gas discoveries were slightly more than twice the 28 oil discoveries in 1960; the ratio in the past 3 years has been closer to 1:1. Oil production decreased by 5% while gas production was up 7%. Wildcatting along the deep Edwards and deep Wilcox trends continues to increase. Geophysical activity dropped sharply, about 30% below 1959's total.
Sign-in/Register to access full text options 
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.
