Oil and Gas Explorations -Eagle Plains Area, Yukon Territory

"The region discussed comprises approximately eight million acres spreading across the Arctic Circle in Yukon and North West Territories.Encouraged by four years of surface geological and geophysical work, which strongly suggested that suit-able conditions existed for the entrapment of oil and gas, a decision was reached to drill. In due course two holes were drilled; Eagle Plains No. 1 drilled to 9589 in 1957-8 and Western Minerals Chance No. 1 spudded in 1959 is being deepened this year.Thick sections of sedimentary rocks occur on both sides of the Richardson Mountains, however, most of our activities have been concentrated to date on the west side in the Eagle Plains basin. Here are found stratigraphic units ranging from Precambrian to Tertiary age. The drilling of the two exploratory wells proved the presence of these strata at depth and have confirmed the presence of promising structures. A geological cross-section across Eagle Plains presents an interpretation of these conditions.Physical and engineering aspects of exploration in the northern Yukon and North West Territories are de-pendent largely upon seasons and transportation. Reconnaissance gravity and surface geologic mapping by air presents no serious problems. However, seismic operations on the ground are greatly affected by the season, presence of permafrost and mobility of equipment.The actual drilling of the hole may well be the simple part of a wildcat undertaking once equipment and supplies are on location. Over-all planning, assembling supplies, transporting equipment and personnel seems to be the real job. Serious consideration must be given to per-ma-frost effect in the drilling pro-gram and on surface installations as well.Programming for -the various exploration activities should be under-taken well in advance of the actual doing. Considerable extra costs may be the results of crash programs. Costs are high, and the rewards uncertain. Economic evaluation is based •on the long term outlook."