Papers - - Produciton - Foreign - Oil and Gas Development in the Argentine Republic during 1934

During the year 1934 there were no new or extraordinary developments in the proven fields. With few exceptions all companies operating in these fields continued intensive exploitation programs on their old properties in an attempt to maintain the normal production of former years. In one or two instances these exploitation activities have had such marked success that the total production for 1934 slightly surpassed that of 1933. The most striking increase in production is that shown by the Kilometer 27 pool of the Comodoro Rivadavia field. However, this increase cannot be attributed to intensive drilling, since it is the result of a more uniform daily withdrawal distributed among all the productive wells. The Province of Salta also showed another increase, so that, judging from the statistics of the past three years and in view of proposed exploration projects, the future may reveal some interesting developments in this province. One of the most interesting occurrences in Salta is the discovery, though not yet considered commercial, made at Macueta, near the boundary line between the Argentine and Bolivia. This exploration well was drilled by the Standard Oil Co. of New Jersey and is the northernmost exploratory well in the republic. The oil from this well is of the same type and commercial value as that produced in the San Pedro and Lomitas fields. The producing horizon is also the same as that in the other Salta fields; that is, the Paleozoic Permo-Carboniferous.