UNITED STATES OIL PRODUCTION.

Otago Witness, Issue 3475, 19 October 1920, Page 44

UNITED STATES OIL PRODUCTION.

The Petroleum Times, London, of July 17, states that the production of crude oil in America has now reached figures _ which far surpass all previous records, and if only the same success continues _to attend oilfield operations as that which has characterised them during- the first _ half of the present year the total crude oil production of the United States for 1920 will exceed 400,000,000 barrels. or approximately. 60,000,000 tons. There is still considerable difficulty in securing regular equipment. Our contemporary attaches the greatest possible importance to the results which are to be secured by deep drilling. Over and over again it has been proved that by far the richest oil horizons lie at the depths which in the earlier histories of oilfields had not been reached. The paper has reason to believe that numerous new areas of production will in the not distant future be opened in the States, and the present widespread "wild-catting" in Eerach of new production justifies our expressing the opinion that the results will be particularly satisfactory. Large as America's oil output has been in the past, there is not the slightest doubt that by a continuance of the present activity a large gain will be registered, not merely for the present year, but for a long time to come. As in the past, the United States is showing its capability to "deliver the goods."