IPAA Oil & Gas Producing Industry in Your State - Energy in Depth
IPAA Oil & Gas Producing Industry in Your State - Energy in Depth
IPAA Oil & Gas Producing Industry in Your State - Energy in Depth
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KENTUCKY<br />
Counties with oil and/or gas production<br />
Background Information<br />
Counties<br />
Number of counties 120<br />
With oil and/or gas production 51<br />
First year of production<br />
Crude oil 1860<br />
Natural gas 1888<br />
Year and amount of peak production<br />
Crude oil — 27,272 thous. bbls. 1959<br />
Natural gas — 96,459 MMcf 1947<br />
Deepest produc<strong>in</strong>g well (ft.)<br />
Crude oil<br />
NA<br />
Natural gas 10,608<br />
Year and depth of deepest well drilled (ft.)<br />
2000 24,591<br />
Cumulative number of total wells drilled<br />
as of 12/31/06 (exclud<strong>in</strong>g service wells)<br />
<strong>Oil</strong> wells 18,183 29%<br />
<strong>Gas</strong> wells 15,674 25%<br />
Dry holes 28,275 45%<br />
Total 62,132 100%<br />
Value of <strong>Oil</strong> and <strong>Gas</strong><br />
Average wellhead price<br />
(2006)<br />
Crude oil ($/bbl.) $ 58.33<br />
Natural gas ($Mcf) $ 8.83<br />
Wellhead value of production<br />
(2006, <strong>in</strong> thous. $)<br />
Crude oil $ 136,492<br />
Natural gas $ 841,676<br />
Total $ 978,168<br />
Average natural gas price<br />
(2006, $/Mcf)<br />
Residential consumers $ 14.14<br />
Commercial consumers $ 13.22<br />
Industrial consumers $ 9.64<br />
Electric utilities $ 7.96<br />
City Gate $ 9.07<br />
Severance taxes paid $42,586<br />
(2006, <strong>in</strong> thous. $)<br />
Cumulative crude oil wellhead value<br />
as of 12/31/06 (thous. $) $17,555,333<br />
KENTUCKY<br />
Cumulative production & new reserves<br />
as of 12/31/06<br />
Crude NGL Natural<br />
<strong>Oil</strong> (mill. bbls.) Total <strong>Gas</strong> (Bcf)<br />
Reserves 769 272 1,041 7,329<br />
Production 758 155 913 5,277<br />
48 AMERICA’S INDEPENDENT COMPILED BY <strong>IPAA</strong> FEBRUARY 2009
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