Papers - - Production - Foreign - Petroleum Development in Venezuela during 1935

With the exception of eight wildcat completions, which were unsuccessful and abandoned, all of the 1935 new drilling was performed in the proven fields. As of Dec. 31, 1935, 22 drilling rigs were in operation, of which 9 were at wildcat locations and the remainder were being used in new drilling in proven fields; in addition, 25 workover rigs (exclusive of cleanout rigs) were operating, all in the major fields. Production of Crude Oil.—Notwithstanding the considerable decrease in new completions during 1935 as compared with 1934, crude production mounted to a new high of 148,893,225 bbl., clean oil at 60' F., representing an increase of 12,532,579 bbl. over the previous record year, 1934, total of 136,360,646 bbl. This increase was due: (1) to the flush production