Oil/Gas

Recent Answers

2012-02-08 Oil/Gas - Oil and Gas Lease:

The state regulatory agency will determine the spacing requirements for the wells in your area; also, no production should take place on your section of land without an active lease in place.  The pooling

2012-02-07 Oil/Gas - Oil in Orange County New York?:

Seismic data is collected when sound waves are sent into the earth and the time it takes for them to travel back to the surface is measured by geophones.  There are many companies that perform seismic

2012-02-05 Oil/Gas - Sale of O&G Working Interest:

James,  I would like to be able to help you with an answer, but there are economic evaluations that must be reviewed before I feel I would have the necessary information to properly do so.    I do agree

2012-02-01 Oil/Gas - Barrels per day in pecos Texas:

Depends on the well. In most cases, a well will have it's best production during the first and second years, and then decline exponentially from there before finally leveling off to a slower decline rate

2012-02-01 Oil/Gas - mineral rights question:

There are two producing wells on that section currently. Not great wells, but not bad. Both produce oil and gas. I doubt you could still get $6500/acre for the minerals, but if you can, and are wanting