Shale Shaker Vol 72, No 4 July-August 2021

By: Mike Kumbalek, Co-Editor Letter from the Editor

equivalent to $1.20 in 2021. During this time period there were 13,312 wells spud and/or completed in Oklahoma. In the early 60’s new discoveries in Okla- homa were waning yet production re- mained flat. This was largely in part due to larger older productive fields under - going secondary and tertiary recovery techniques to boost production. While oil production was slowly increasing due to secondary recovery, natural gas pro- duction was on the rise due to increased drilling for deeper targets in the Anadar- ko basin. By 1963 Oklahoma natural gas production first exceeded oil production in energy equivalency (Boyd, 2006). The push for deep natural gas made new deepest well records for Oklahoma. The Green #1 drilled in Beckham County was the deepest well in Oklahoma at a TD of 24,453’ and was the second deepest well in the world at the time. Its producing depth was 21,604-22,652’. (Figure 1). This record was surpassed shortly after publication by an offset well that reached a TD of 24,928’. Ultimately this record was smashed by the GHK Co. 1-27 Ber- tha Rogers when in 1974 it reached a TD of 31,441’. The well encountered molten sulfur at TD which solidified around the drill pipe and caused it to twist off. No producible hydrocarbons were found at this great depth and the well was plugged back and completed in the Granite Wash at ~12,000’ as a gas producer Boyd,

2006). This well was the deepest well in the world until the Kola Superdeep Bore- hole in the former Soviet Union drilled to 40,230’ in 1989 and still retains the title as deepest artificial point on Earth (Wiki - pedia, 2021). Bringing it back to Oklaho- ma, in 1967 the Shelly Dean Oil Co was founded by Harold Hamm, this was the predecessor company that we now know as Continental Resources. Overshadow- ing all the technical achievements in oil gas was the event of a lifetime, the moon landing in 1969 and while not a notable achievement of Oklahoma Oil and Gas in the last 100 years, as geoscientists, I think we can all agree this was a major scientific achievement. Following the deep gas targets in the 1960s, the early 1970s saw the Arab Oil Embargo, in which the members of OAPEC (Organization of Arab Petro- leum Exporting Countries) proclaimed an oil embargo and stopped exporting oil to countries perceived as supporting Israel during the Yom Kippur War. This resulted in a rise in the price of oil and a ration pro- gram was put into place for gasoline in the United States. While the embargo might have been deemed ineffective in persuad - ing the involved countries to change their stance on Israel, it was effective in show - ing the political power of Oil, and spe- cifically how the middle east could wield that power. Coming back to Oklahoma, in 1971, Devon Energy was founded by

Keeping with the prior established theme, this article will continue marching through the last 100 years of Oklahoma Oil and Gas history, with this article's focus on 1960-1979. The 60’s-70’s saw large strides in deep drilling in the Anadarko for gas, a subsequent increase in gas pro- duction, and several political events that influenced the oil industry. In 1970, the price of oil was $23 per barrel, which ad- justed for inflation would be $162 in 2021. The price of natural gas was 17 cents per mcf, which adjusted for inflation would be Mike Kumbalek Notable Oklahoma Oil & Gas History from 1960-1979

G regg S. A lletag C ertified P etroleum G eologist L icensed P rofessional G eoscientist B arite R ose E nergy , I nc

DICK HOWELL Sales Manager 405.315.4206

101 P ark A venue , S uite 670 O klahoma C ity , OK 73102 T el : (405) 249-5242 e-mail:

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