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Data ReservesReservesOklahomaPeriodCrude Oil (as of Dec. 31)1,474 million barrels2021Expected Future Production of Dry Natural Gas (as of Dec. 31)35,531 billion cu ft2021Expected Future Production of Natural Gas Plant Liquids2,764 million barrels20216 more rows ?
The Corporation Commission received from the Legislature in 1915 the statutory responsibility for regulating the oil and gas exploration and production industries in Oklahoma.
Back when records began, oil wells were an average of 3,635 feet deep. But that was 65 years ago - and since 1949 we have used up these 'shallow' reserves. Oil is a finite resource, meaning we now have to dig deeper to find it - with the 2008 average depth coming in at an average of 5,964 feet.
From a scientific and practical standpoint, a shallow oil well is often defined as any oil well drilled to a depth of 10,000 feet or less. However, this definition does not suit all purposes and regions. Many states and counties have differing definitions for what constitutes as a shallow well.
Definition. AC. (AC) Drilled not plugged.
The Oklahoma City Oil Field is one of the world's giant petroleum fields. The field was opened just south of the city limits on December 4, 1928, and first entered Oklahoma City limits on .
13,686 feet is the average depth of a well in Oklahoma.
Much of the state's oil and gas production happens in the STACK shale play. The STACK acronym stands for Sooner Trend (shale formation), Anadarko (basin), Canadian and Kingfisher (counties). The region is ?stacked? with hydrocarbon-rich layers that allow drillers to target pay zones at multiple depths.