Production - Domestic - Petroleum Development on the Gulf Coast of Texas and Louisiana during 1932

The year 1932 has been one of exceptional significance for the Gulf Coast. Because of many new oil fields found, the most outstanding of which, Conroe, has assumed national importance, and because of new prospective areas extending through Montgomery, Polk, Tyler and Newton counties into Louisiana, there has been a stampede of operators to the Coast. During the year, development and discoveries have shown a marked trend away from the shallow or intermediate depth type of salt dome fields, with their treacherous flanking sands, to the deep-seated type of domes with their more continuous blanketing sands. The potency of some of the deep-seated domes such as Thompsons and Conroe, in Texas, and Iowa in Louisiana, has for the time at least, dispelled the disappointment of such deep-seated domes as Mykawa or Sheppard's Mott. Whether the newer deep-seated prospects, as yet little developed, will prove Conroes or Mykawas remains to be seen. In any event there is much for us yet to learn of the Coast. During 1932 a total of nine new oil fields and four new gas areas were discovered, which compares with seven new fields in 1931 and three fields in 1930. Of the nine new oil fields two were in Coastal Louisiana. This is the largest number of new oil fields found on the Coast in a single year since 1929, when 11 new fields were discovered. Not only because of the number of new fields has 1932 been notable but also because these new fields represent new productive areas that total 16,000 acres or more, or over 70 per cent of the total productive area known on the entire Coast at the beginning of 1932. In addition to the fields discovered in 1932, four new areas, or extensions around domes or fields already producing, and at least 11 new oil sands and three new gas sands have come to light. We may well say that 1932 has been the banner year for the Gulf Coast, in spite of depressed economic conditions and continued and more emphatic restriction of production. With the exception of 1901, when oil was discovered on the Coast and 1924, the year in which geophysical prospecting was in:lugurated, 1932 has been its most outstanding year.