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Texas Oil Drilling Surges as Costs Mount in 1954
Texas oil operators spend about 2.3 million dollars daily on exploration and development as they aim for a record drilling year. The Texas Mid-Continent Oil & Gas Association cites rising costs, reduced drillables, and a large share of dry wells, with 151,000 wells on Railroad Commission schedules by September and a 1953 record of 18,383 wells.
MENTIONED IN THIS ARTICLE
United States
Texas Petroleum Industry
Texas Oil and Gas
Texas Mid- Continent Oil & Gas Association
U. S
Texas
Texas Railroad Commission
Railroad Commission
Association
State of
Tidelands
Orange
Port Arthur
Beaumont
Ismiograph Exploration
West
West Texas
Reeves County