To: Wharf Rat who wrote (4121 ) 5/11/2006 1:30:32 AM From: Wharf Rat Respond to of 24234 Oklahoma Oil Output Continues to Fall Staff, Tulsa World (Oklahoma) Oklahoma oil production fell again last year to a 93-year low, despite record high prices for crude, according to preliminary figures released Tuesday by the Oklahoma Corporation Commission. The petroleum industry produced less Oklahoma oil in 2005 than in any year since 1912, commission records show. Oklahoma oil wells produced 60.7 million barrels last year, down from 63.9 million barrels in 2004. Oklahoma oil output hasn't been this low since 1912, when the industry produced 51.4 million barrels of crude. Oil production in the Sooner State peaked in 1927 at 278 million barrels. Production has dropped every year since 1984, according to the commission. It will continue to drop without better information on existing fields and mineral rights, said Dan Boyd, a geologist at the Oklahoma Geological Survey. "If we don't do something to get some systematic enhancement of recoveries from existing fields, it's going to continue to go away," Boyd said. "If you don't know what's already been produced, you don't know what the recovery factor is and how much is still left in the ground. That, to me, is the No. 1 problem -- the lack of complete production data." ...There are 177 active drilling rigs in Oklahoma, down from 155 a year ago, according to Houston-based Baker Hughes Inc. But most of those rigs are searching for natural gas, not oil. "Eighty percent of our drilling is for gas," Boyd said. "The average gas well in the state is making 10 times what the average oil well is." (9 May 2006) The original article on the Tulsa World site seems to have expired.energybulletin.net