Production - Domestic - Oil and Gas Development in Ohio in 1944

The number of completions in 1944 in Ohio was only slightly greater than completions in the preceding year, but the initial daily volumes both of oil wells and gas wells declined considerably. The dry-hole ratio was a little lower than in 1943, even though in the year under review considerable effort was made to find new production. No new areas of consequence were discovered. Thirteen new gas pools, the largest of which was 1000 acres and the average 565 acres, were opened during the year. Eleven of these pools were in the Clinton sand, one was in the Oriskany, and one was in the Berea. Approximately 15 small pools might also be rated as discoveries, but because only one or two wells have thus far been completed in each, they cannot at present be properly evaluated. The latter pools average about 120 acres each. Some extensions were made to existing gas pools. The number of oil wells drilled was only one less than in 1943, yet compared with the year 1941, when twice as many oil wells were drilled, the difference is startling. Effective Aug. I, 1944, a blanket subsidy was granted of 35¢ per barrel on all Cleveland-Chatham, Coming, and Lima grades of oil, and 75¢ per barrel on Pennsylvania grade crude. The subsidy was authorized by the Office of Price Administration, with reimbursement to purchasers of the various grades made through the Defense Supplies Corporation, a branch of Reconstruction Finance Corporation. For several years the small operator, particularly the owner of stripper wells, was in a serious position. The subsidy has been a means of real help and, in addition to aiding the operator, it has prolonged the life of many small wells that otherwise would have been abandoned, with consequent loss of daily production and unre-covered reserves. It is questionable whether the price increase is sufficient to revive production of Corning grade, which has