Production - Domestic - Production in Oklahoma during 1930

Oklahoma produced about 40,000,000 bbl. less crude oil in 1930 than it did in 1929, but developed the largest initial production from current well completions ever recorded in its history. The output of this year would have exceeded all previous years had it not been for state-wide production curtailment. The record initial production of 5,911,982 bbl. from new oil wells completed during the year is accounted for entirely by the rapid development of the Oklahoma City field. Completions declined to the lowest levels since 1909, as a result of a marked reduction in number of dry holes incident to reduced wildcat exploration. Leasing was most active in western and northern counties of the state west of Oklahoma City, but on a much smaller scale than in the preceding year. Geological and geophysical surveys were likewise most active in this western territory. The urge to deeper objectives resulted in the discovery of oil on the Cement fold. Changing economic conditions have created a distress situation among the marginal operators in northeastern localities of the state. Elsewhere in the state production records and successful exploitation of new supplies have been eclipsed by a new social concept of the industry in accord with natural economic developments. Many of the producers of crude oil have organized for a voluntary stabilization of the industry by regulating the output of wells. To enforce their measures these operators have sought for and secured the support of the state. Consequently, the current position of the crude-oil producer is not unlike that of the natural-gas producer—withdrawal of supplies in accordance with market needs. And while the industry as a whole is artificially stabilized by these measures individual operators and some of the integrated concerns suffer hardships. Oil Developments and Production The early operations in Oklahoma were confined to northeastern and eastern localities, beginning in 1885. The first commercial oil wells were completed in 1894, near Chelsea in Craig County, from Cherokee sands in the lower portion of the Pennsylvanian section. Scattered