What does it mean when a land owner tells you that although you are apart of several wells they are shallow??
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I mean LAND MAN
seimond,
not trying to be or sound like a smart_ss, but shallow is generally understood to be the opposite of deep.
over the many years drilling technology has advanced. allowing the drilling of deeper and deeper wells.
and, over the years, almost all shallow oil/gas deposits have already been found and produced.
those/any shallow oil/gas deposits that remain un-drilled tend to be marginal.
the most important thing about finding oil/gas exploration that my grandfather told me was: jim, the best place to find oil/gas is where you've found it before but just at deeper depths.
my point being, even if today the land in question has had shallow opportunities, it doesn't mean that deeper,potentially way more productive prospects for oil/gas doesn't lie at deeper depths
good luck,
jim
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