Production - Domestic - Oil and Gas in Northern and Central Pennsylvania during 1938

The American Institute of Mining, Metallurgical, and Petroleum Engineers
Arthur C. Simmons
Organization:
The American Institute of Mining, Metallurgical, and Petroleum Engineers
Pages:
2
File Size:
81 KB
Publication Date:
Jan 1, 1939

Abstract

The Pennsylvania-grade oil industry suffered a serious decline in 1938, which can be largely accounted for by the decrease in the use of lubricating oil. Production was considerably lower than in previous years and prices were very much lower. Operating profits undoubtedly were lower than the year 1933, for the average price of Bradford crude in 1938 was $1.898 as compared with $1.86 in 1933, and the difference in average price of $0.04 per barrel was more than offset by increased operating costs and taxes. Bradford Field Production in the Bradford field in the state of Pennsylvania averaged 36,759 bbl. per day in 1938 as compared with 41,300 bbl. in 1937. The decline in average daily production of 4541 bbl. can be attributed to low market price and pipe-line proration rather than to the actual physical capacity of the field. Pipe-line proration was in effect for the last eight months of the year and the daily average production per month fluctuated between a maximum of 41,852 bbl. per day in March 1938 and a minimum of 33,649 bbl. per day in November. Production figures for Bradford field have been corrected to include only the parts of the Bradford field that arc within the state of Pennsylvania, but the well-completion data for the Bradford field cannot be segregated and include those of the entire Bradford field, part of which is in Sew York state. Production from the Bradford field was obtained almost wholly by water-flooding and no radically new methods or practices occurred. Intensive research work was carried on both by individuals and companies and as a cpooperative enterprise, and minor improvements are gradually occurring in spacing, shooting, application of pressure and water conditions. Drilling Central and Southen Pennsylvania.—Pennsylvania production in central and southern Pennsylvania was obtained largely by air and gas repressuring together with the usual amount of natural production, and the repressuring operations in other than the Bradford field have not
Citation

APA: Arthur C. Simmons  (1939)  Production - Domestic - Oil and Gas in Northern and Central Pennsylvania during 1938

MLA: Arthur C. Simmons Production - Domestic - Oil and Gas in Northern and Central Pennsylvania during 1938. The American Institute of Mining, Metallurgical, and Petroleum Engineers, 1939.

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