Production - Foreign - Mexican Oil Production in 1932

Petroleum production in the Mexican fields during 1932, estimated at 32,400,000 bbl., was only 564,000 bbl., or about 2 per cent less than the 1931 total. Production in the northern fields declined approximately 1,100,000 bbl., the Tehuantepec output showed a drop of 340,000 bbl. and the South fields gained 865,000 barrels. Wildcatting continued at a reduced rate, the only successful completion being Presa No. 2 well which at a depth of 1535 ft. produced about 7,000,000 cu. ft. of gas. This well is an offset to Alberca No. 1 completed during 1931. General conditions in the petroleum industry coupled with the additional burden of the 21c per bbl. duty on oil imported into the United States further discouraged development activity in Mexico during 1932. Production of the Mexican fields in 1932 was distributed as follows: Production (U. S. Barrels) 1931 1932 _______________________________________________1________________________ Northern fields.................................... 14,092,000 13,000,000 South fields....................................... 10,535,000 11,400,000 Tehuantepec fields............................... .. 8,000,000 32,964,000 32,400,000 Since their discovery to the end of 1932, the fields have produced as follows: (U. S. Barrels) Northern fields..................................... 681,300,000 South fields........................................ 967,200,000 Tehuantepec fields.................................. 40,540,000 1,689,040,000 The tremendous productivity of the Mexican wells and the very small number actually drilled in the proven areas is shown in the following table: