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To: Melas
I don’t know if you’d call it a reliable source, but I’d be happy to drive you around Texas and show you derelict rigs that are still sitting over dried up wells. It sure didn’t replenish.

Ever heard of "stripper wells"? Those would be "dried up" oil wells that were started up with the existing infrastructure in place and produce commercially-viable quantities of oil again. Prominent in the Permian Basin.

53 posted on 03/18/2012 2:06:09 PM PDT by elkfersupper ( Member of the Original Defiant Class)
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To: elkfersupper

I’ve heard of them, in fact I have several of them and your definition of a stripper well is different than mine or the TRRC.


58 posted on 03/18/2012 2:11:23 PM PDT by Dusty Road
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To: elkfersupper

But stripper wells weren’t dried up. They ceased producing commercially viable amounts of oil, and were abandoned. The economic situation changed as far as oil is concerned, and what wasn’t economically viable, became economically viable. This was further enhanced by tax breaks for running under-producing wells. The wells didn’t start producing more oil, the small amount they could produce just became profitable. The very definition of a stripper well is a well that can only produce 10 barrels a day.


75 posted on 03/18/2012 2:49:53 PM PDT by Melas (u)
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