Papers - Domestic Production - Petroleum Development in Indiana and Illinois in 1929

The year 1929 was one of continued activity in the petroleum industry of Indiana and Illinois but the new production obtained has not been sufficient to offset the decline in the production of the old wells. (Table 1). Drilling costs have not changed materially during the year and the prices of crude oil have increased slightly so that the prospects for further testing are good. The total number of completions in Illinois in 1929 (Table 2) was greater than for any year since 1917. More than half of these were in the Dupo field, St. Clair County, and the development of this field was largely responsible for the increased ratio of producers to dry holes in the state as a whole. In the southeastern Illinois field which has produced about 97 per cent. of the state's petroleum the number of completions was greater than in 1928 and the percentage of producers was a little higher. Although a number of scattered wildcat tests were drilled most of them were not located on favorable structure and the only noteworthy discovery was that of a shale-gas horizon at shallow depth in Morgan County in western Illinois where gas has been produced for a number of years from sandstone and limestone. In Indiana the number of completions (Table 2) was only slightly less than in 1928. Most of the new wells were drilled in the southwestern part of the state, which now produces more than 90 per cent. of Indiana's petroleum.