Papers - - Production - Domestic - Oil and Gas Development West Virginia during 1935

- Organization:
- The American Institute of Mining, Metallurgical, and Petroleum Engineers
- Pages:
- 8
- File Size:
- 300 KB
- Publication Date:
- Jan 1, 1936
Abstract
The year 1935 was mostly quiet in West Virginia, and devoted to routine drilling in old pools and extensions. A notable exception to this general rule, however, was the further development and proving of a field of gas discovered in 1930 in the deep Oriskany sand (L. Dev.) in Kanawha County, as later discussed. No new pools of oil were found and little or no attempt was made to search for them. No new pools of gas were recorded but various extensions of old pools were made. There were no new pipe line extensions of consequence, either for oil or gas. Operating technology was much the same as in recent years, there having been some further advances in repressuring oil wells and in the use of acid for treating small wells in calcareous formations, and some change in the technique of shooting gas wells. Financially, there has been a full market for all crude oil produced and a fair market for gas. There have been occasional transfers of producing oil or gas properties, mainly between established companies. Most of the attempts made to finance mergers and new developments have failed largely because of difficulties encountered under the Federal securities act. This situation has prevented the normal turnover of properties by small operators who frequently desire to sell partly developed interests and then step out into new ventures. New Development In 1935 the State issued 569 permits for drilling and records the same number of completions. One trade journal records 533 completions and another 483. A running record kept by the writer accounts for 713 completions, with 156 oil wells, 417 gas wells and 140 dry holes (Table 3). Some of these completions may be old wells drilled to deeper sands. Some, apparently, have been drilled without legal permit. Extensions of Producing Areas Ritchie County has again led all others in new drilling, with 137 completions as compared to 74 in Calhoun and 61 in Cabell. This Ritchie County drilling was done mainly to extend or further develop old pools
Citation
APA:
(1936) Papers - - Production - Domestic - Oil and Gas Development West Virginia during 1935MLA: Papers - - Production - Domestic - Oil and Gas Development West Virginia during 1935. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1936.