Papers - - Produciton - Domestic- Oil and Gas Development in Illinois in 1934

Illinois produced 5 per cent more crude oil in 1934 than in 1933, because there was less curtailment, and. the value of the year's production at the wells was 35 per cent more than that of the previous year. The average price of Illinois crude oil in 1934 was $1.13 as compared with $0.87 in 1933, an increase of 30 per cent. The quotas of allowable production for Illinois during 1934, as authorized by Oil Administrator Harold L. Ickes, were as follows: January, February, March, 12,000 bbl. per day; April, May, 12,500; June, July, 12,600; August, 12,500; September, October, November, 12,000; December, 11,700. No other restrictions on production were in effect during the year until Oct. 11, when it was found necessary to prorate the fields to 75 per cent, a curtailment of 25 per cent below the quota fixed by the Federal Administrator. On Dec. 1 the curtailment was reduced to 18 per cent and on Dec. 18, to 15 per cent. Production in Illinois by months during 1934 was as follows: Barrels Barrels January...................... 393,000 July........................ 394,000 February.................... 337,000 August..................... 402,000 March....................... 394,000 September.................. 378,000 April......................... 373,000 October.................... 352,000 May......................... 411,000 November.................. 305,000 June......................... 392,000 December................... 321,000 Total ................... 4,452,000 In spite of higher prices for crude oil, fewer wells were drilled in Illinois in 1934 than in 1933 (Tables 1 and 2). Of the 26 wells drilled, 10 were oil producers, 8 were in proved fields and 2 were in a new pool in Wabash County, l½ miles south of the nearest production, one was a small gas well on the Stubblefield anticline in Bond County, one was an input well for repressuring in the Colmar-Plymouth field, McDonough County, and 14 were dry holes, mostly scattered wildcat tests.