Review Of Oil And Gas Conditions In Kentucky And Tennessee During 1924

THE year 1924 showed even less drilling in Kentucky and Tennessee than the preceding year. The operators in this section, however, are anxious to resume development work and are only waiting for a higher market for crude oil before starting such a program. In Kentucky, during 1924, 1605 wells were completed, the combined initial daily production of these wells being 25,599 bbl. Of the total number of wells drilled 1176 were oil wells, 61 gas wells, and 368 were dry holes. The average initial production of the oil wells was 21.8 bbl. per well. In Tennessee, 28 wells having an initial daily production of 1199 bbl. were completed during 1924. Of these, 3 were oil wells, 6 were gas wells, and 19 were dry holes. The initial production of the three oil wells was 400 bbl. Of the total number of wells drilled in Kentucky in 1924, 73 per cent. came in as producing wells; and of those drilled in Tennessee, 10 ½ per cent. came in as producing wells and 20 per cent. as gas wells. In Tennessee, during 1924, wildcatting dropped off considerably and only about one-half as many wells were drilled as in the preceding year; in Kentucky, on the other hand, there was only a slight curtailment in drilling, there being 1943 wells drilled in 1923 as against 1605 in 1924.