The good thing about stripper wells is they’re paid for and most have been for a long time. They’re in long established fields so all the infrastructure is already in place. Should the price get down too low I’ll just shut it off and leave the casing open. The gas costs me nothing to produce. Plus it doesn’t need to be checked daily! We’re lucky since we own both the surface and the mineral, others not so much. This is not something I want to do but I have in the past, 98 was a killer but we still survived.
I’m not sure they’re taking into account the gas revenue. Most wells in central WV are produced for the gas. The oil is a by product of operations. The oil normally isn’t hauled until the tank is close to full.
American hard work & ingenuity vs Saudi Arabia. I know who I will bet on.
Is water disposal the biggest expense you see with marginal wells?