Frontier basins seeing new exploration in New Mexico

09/16/1996
Ronald F. Broadhead New Mexico Bureau of Mines & Mineral Resources Socorro, N.M. Drilling for oil and natural gas in New Mexico remained steady in 1995, and exploration picked up in frontier areas of the state after several years of quiescence.. A total of 1,261 wells were completed in 1995, a decrease of 3% from 1,298 wells completed in 1994; 854 wells were completed in the Permian Basin of southeast New Mexico and 407 wells were completed in the San Juan basin of northwest New Mexico. In the Permian Basin, 640 wells were completed as oil producers and 123 were completed as gas producers for a success rate of 89%. In the San Juan basin, 344 wells were completed as gas pro...
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