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Title: 1976 Gas Search Highlights
Author: J. R. Sanders
Source: American Gas Association 1977
Year Published: 1977
Abstract: 1976 was a year best characterized as an extension of prior years in terms of the petroleum industrys effort to find new supplies of oil and gas. The good news was that 9,045 wildcats were drilled with an improving success ratio that has prevailed for several years, I believe that this increasing success is due entirely to major improvements in geological and geophysical capabilities to find the smaller, deeper and more obscure reserves that remain to be discovered, as well as improved well completion technology. Additionally, increased prices both oil and gas has encouraged completions that would not have been commercial at old price levels.

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