Production - Domestic - Petroleum Developments in Texas Panhandle in 1930

This review covers the northern 32 counties of the Texas Panhandle, an area 180 miles square. The westerly three-fourths of the district lies wholly within that great area known as the Llano Estacado or "staked plains." Six of the counties produce oil and gas and three produce gas alone. All of the production is associated with the Amarillo arch, a huge anticline superimposed upon a buried mountain range which is undoubtedly a continuation of the Wichitas of southwestern Oklahoma. Oil Production The production of the Texas Panhandle up to Jan. 1,1930, was slightly over 157 million barrels, 90 per cent. of which came from Hutchinson and Gray counties. About 33,000,000 bbl. was produced during 1930. Though this was about 9 per cent. above the 1929 production, it was over 8,000,000 bbl. less than was produced during the peak year, 1928. The present daily production is slightly over 40,000 bbl., which is the allowable production under state-wide proration. The assumed potential for the purpose of proration is 124,500 bbl. and the actual capacity of the wells probably would be in the neighborhood of 100,000 barrels. The total initial production of the oil wells completed in 1930 was 157,289 bbl. from 308 wells, or 511 bbl. per well, as compared to a 734-bbl. average from the 350 oil wells drilled during the preceding year. The completions in Gray County numbered 232, with an average initial of 614 barrels. Completions During 1930, 526 wells were completed in the Panhandle as compared to a total of 503 during 1929. Of the year's completions, 308 were oil wells, 169 produced gas and 49 were dry holes. Of the 3027 wells drilled in the Panhandle to date, 2780 have produced oil, gas or both, making the ratio of dry holes to producers about 1:11.3. Ignoring the 63 dry holes drilled in nonproductive counties, the ratio becomes 184:2780 or 1:15.1 which is slightly less favorable than that which obtained at the end of 1929.