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1-12
Categories
Proved undeveloped
Probable
Possible
Unassigned acreage
Total
Percentage of"reserves recoverable
through straight drilling or
directional drilling techniques
Condensate, bbls
81,758
21,462
15,304
272,319
390,842
100
GROSS RESERVES
Gas, MCF
11,610,000
19,144,000
13,868,000
39,352,500
83,974.500
100
Gross wellhead value (future revenue)
of oil and gas reserves, undiscounted
Cost of recovery, undiscounted:
Cost to drill and complete 54 wells:
Case "A" - All of the 320-acre tracts within
WIPP directionally drilled from locations
adjacent to the WIPP boundary
Case "B H - 43 wells directionally drilled from
locations outside WIPP and 11 wells drilled,
from locations within control zone IV
Case "C" - All wells drilled from zone IV,
31 locations as straight holes and 23
locations as directional holes
Operating costs:
Loss of revenue to the State of New Mexico,
undiscounted: with no drilling allowed
with drilling
$287,502,346
$182,306,000
$152,419,000
$117,631,000
$ 10,146,324
$ 19,107,546
$ 0
The information gathered represents all data compiled before May 1979, The
effective date of the repon is December I, 1979, but the final date on the title page is
January 18, 1980.
Sipes, Williamson, and Associates. 1980b
Sipes, Williamson, and Associates (1980b) evaluated the hydrocarbon potential of
Tract 204M-2 within the WIPP site, It is in sees. 28 & 29 T22S R31E and contains about
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