February 1998
Industry At A Glance
98-02_letter-wells_forecast.html (Feb-1998)
A monthly magazine offering industry news, statistics and technical editorial to the oil and gas drilling, exploration and production industry.
Archive
February 1998 Vol. 219 No. 2
Outlook '98
Forecast of 1998 U.S. wells and footage to be drilled
Total wells Total footage (1,000 ft) 1998 1997 % 1998 1997 % State or district Forecast Estimate4 Difference Forecast Estimate4 Difference
Alabama1 175 170 2.9 753 714 5.5 Alaska 215 170 26.5 1,591 1,272 25.1 Alaska-offshore2 10 7 42.9 75 53 41.5 Arkansas 390 375 4.0 2,292 2,190 4.7 California 2,600 2,750 5.5 5,460 5,803 5.9 California-offshore2 30 35 14.3 189 217 12.9 Colorado 775 730 6.2 4,053 3,833 5.7 Gulf of Mexico2 1,210 1,124 7.7 11,465 10,566 8.5 Illinois 385 410 6.1 1,345 1,435 6.3 Indiana 165 180 8.3 265 288 8.0 Kansas 1,488 1,302 14.3 5,134 4,440 15.6 Kentucky 900 842 6.9 1,900 1,780 6.7 Louisiana1 1,495 1,418 5.4 11,833 11,051 7.1 North 755 733 3.0 3,915 3,790 3.3 South 740 685 8.0 7,918 7,261 9.0 Michigan 875 850 2.9 1,492 1,462 2.1 Mississippi1 152 144 5.6 1,400 1,311 6.8 Montana 290 275 5.5 1,247 1,200 3.9 Nebraska 85 75 13.3 387 374 3.5 Nevada 15 13 15.4 84 76 10.5 New Mexico 1,580 1,450 9.0 9,733 8,918 9.1 New York 112 88 27.3 269 234 15.0 North Dakota 195 182 7.1 2,210 2,038 8.4 Ohio 710 750 5.3 3,211 3,461 7.2 Oklahoma 1,995 1,952 2.2 13,173 12,790 3.0 Pennsylvania 1,455 1,365 6.6 4,800 4,600 4.3 South Dakota 21 20 5.0 140 130 7.7 Tennessee 120 130 7.7 250 278 10.1 Texas1 9,004 8,553 5.3 59,369 55,659 6.7 TX-1 385 421 8.6 2,649 2,894 8.5 TX-2 514 450 14.2 3,284 2,760 19.0 TX-3 724 643 12.6 5,867 5,101 15.0 TX-4 913 812 12.4 7,865 6,994 12.5 TX-5 282 256 10.2 2,622 2,333 12.4 TX-6 733 679 8.0 6,308 5,924 6.5 TX-7B 920 855 7.6 3,444 3,140 9.7 TX-7C 1,134 1,167 2.8 7,084 7,359 3.7 TX-8 1,420 1,380 2.9 9,895 9,308 6.3 TX-8A 764 728 4.9 4,467 4,240 5.4 TX-9 655 591 10.8 2,616 2,353 11.2 TX-10 560 571 1.9 3,268 3,253 0.5 Utah 355 350 1.4 1,986 1,951 1.8 Virginia 300 210 42.9 905 615 47.2 West Virginia 729 678 7.5 2,890 2,681 7.8 Wyoming 1,333 1,222 9.1 10,004 8,823 13.4 Others3 36 37 2.7 78 114 31.6
Total U.S. 29,200 27,857 4.8 159,983 150,357 6.4
1 Excludes state and federal offshore wells, which are included in the Gulf of Mexico.
2 Includes state and federal offshore wells.
3 Others include Arizona, Florida, Georgia, Maryland, Missouri, Oregon and Washington.
4 1997 estimates are based on well counts furnished by state and federal regulatory agencies, API, and Offshore Data Services for the Gulf of Mexico.
Copyright © 1999 World
Oil
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1999 Gulf Publishing Company
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