Papers - - Production - Domestic - Texas - Developments on the Gulf Coast of Texas during 1933

In spite of the influx of operators into the Gulf Coast anxious to retrieve their depleted production in other fields, and in spite of very active application of the most scientific geophysical methods to locate new producing areas, the results have been very discouraging and the year has failed to produce more than the average results for a Gulf Coast year. During the year seven new oil fields, some of which are still of very little importance, and one new gas area have been discovered. These fields are Tom Ball, Greta, Cleveland, Raisin and Garwood in Colorado County; Louise and Premont in Jim Wells County, and the new producing gas area near Ace in southern Polk County. During the year salt has been found for the first time at Carlos and Esperson. New producing areas have been developed on East Stratton Ridge, Hockley, Hull, Port Neches, near Pettus in Bee County, and on the O'Connor Ranch in Victoria County. The total production for the Gulf Coast for the year was 62,837,435 bbl., an increase of 18,589,000 bbl. over 1932. During the year, 1307 wells have been drilled of which 207 were wildcats, compared with 653 wells and 141 wildcats the previous year. The total daily production at the end of the year was 165,201 bbl. At present there are 3100 oil wells producing. The average production per well is 55.5 bbl. per day. The price of crude fluctuated considerably during the year, beginning at 80c per barrel and closing the year at $1.04 per barrel. Completion data for 1933 are as follows: