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US: New technology is reviving old oil wells, but there are limits - article

Companies looking for stripper wells


Companies looking for stripper wells
Companies looking for stripper wells

McColpin Jan 7, Blog 6 comments. Combined they make up These wells are described as marginal because they are marginally economic to produce. With the recent drastic reduction in oil prices, some operators of these marginal wells are companies looking for stripper wells off, cutting back and shutting in wells in an attempt to just break even, while others are doing the bare minimum to maintain mineral rights. Few of them are focused on technologies which can economically extend the lives of their fields because to date, the cost of stepping up to field wide water, CO2 or nitrogen floods is too cost prohibitive. Other than periodic mini-fracs, hot oiling or paraffin treatments, not much is done to these wells companies looking for stripper wells increase production rates.


Companies looking for stripper wells
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Comments(5)
  1. Companies looking for stripper wells
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