Adventures in Energy

Adventures in EnergyExploration and Production

Today, approximately 1/3 of exploration wells and 50 to 70 percent of exploratory wells are completed (turned into a producing well). This is nearly 3 times the success rate of the past. An exploratory well looks for new oil and natural gas fields. Development wells are used to effectively drain an oil and natural gas field once it is discovered with the exploratory well. This increase in completion success is due to advanced exploration, drilling, and well evaluation technology.