Production - Domestic - Petroleum Production in Louisiana for 1944

Since 1941 not more than 15 per cent of aii wildcat wells drilled in Louisiana have been successful. This figure is not too discouraging, especially in view of the fact that during the same period approximately 80 per cent of all wells (average 701 wells per year) drilled in or adjoining producing areas were successfully completed. However, a somewhat discouraging aspect concerning Louisiana's wildcat completions is that in 1942 only 12 out of 20 fields found were oil fields; in 1943, only 13 out of 24; and in 1944, only 8 out of 21. This means that an operator has less than a 50:50 chance of finding an oil field. In other words, it is more likely that he will find a gas-condensate field. This fact has become increasingly evident as the data for each year are compiled and compared. Yet, strangely enough, operators are reluctant to accept this fact and plan accordingly. Certainly they cannot continue to search for oil fields and, for the most part, end with shut-in gas-condensate wells. The reason for shutting in is that there is no immediate and satisfactory market for all the gas being discovered. The solution, and it is a very satisfactory one, as experience in Louisiana has already demonstrated, is cycling. The advantages of this type of operation of gas-condensate fields, especially where the entire field is pooled and unitized, should be self-evident. These advantages will become increasingly more important, especially now that legislatures, regulatory bodies, royalty owners, and others are beginning to realize that "reasonable development" in a field is not indicated by the number of wells completed, but rather by the method of development. To complete a great many wells that can produce at only, partial capacity is waste. Producing hydrocarbons from these wells and not subjecting them to processing by surface operations, in order to recover all liquefiable hydrocarbons, is waste. Permitting bottom-hole pressures to drop or gas-oil ratios to increase because of excessive production is waste. Loss of leases and of wells because of inability to produce or to meet lease obligations is waste. Therefore, it is becoming increasingly apparent that a reservoir entirely pooled and unitized with a minimum number of completions, but over which there is exerted careful control so as to provide maximum recovery and the processing of all hydrocarbons brought to the surface, is the only logical and reasonable method of developing a gas-condensate field. Oil Production Twenty-one new fields, including three rediscoveries, were found during 1944. Three of these new discoveries—Delhi in northeast Louisiana, Good Hope in southeast Louisiana, and West Tepetate in southwest Louisiana—should add considerably to Louisiana's oil reserves. The other discoveries were either gas condensate or of apparently little consequence. State-wide productioll for 1944 was 1366 million barrels of crude oil and condensate; amounting to about 8.1 per cent of the