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- W16899319 abstract "Drilling activity made its typical fourth quarter spurt again last year, reporting 20,651 wells and 83,588,684 ft drilled. This represents increases over the third quarter of 15% and 3% respectively (Fig. 1). Compared to fourth quarter 1982, wells drilled declined 1% and footage 12%, reflecting an average well-depth almost 500 ft less than a year ago. The final figures for 1983 tally to 80,598 wells and 342,763,561 ft drilled, with declines from 1982 of 7% and 16% respectively. Average well depth dropped over 9%, from 4,689 ft in 1982 to 4,253 ft in 1983. This is the shallowest average well depth since 1964. Again, due to the lag factor discussed in previous Sii-DAC reports, we believe these ''reported'' figures are 20% to 25% higher than actual activity, which would make actual wells drilled in 1983 total around 63,000 and actual footage run in the vicinity of 266 million feet." @default.
- W16899319 created "2016-06-24" @default.
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- W16899319 date "1984-02-06" @default.
- W16899319 modified "2023-09-27" @default.
- W16899319 title "Slump in Type III blunts year-end drilling surge" @default.
- W16899319 hasPublicationYear "1984" @default.
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