STRIPPER FIELD DESIGNATIONS - COMMISSIONER'S PUBLIC HEARING

Interesting comparison of stripper fields. Check out the Exhibit A paying attention to the number of producing wells in each field. Caddo Pine Island is still the King going on one hundred years of production. Amazing.

http://dnr.louisiana.gov/cons/CONSEREN/hearings/2010/06JUN/10-65100...

Replies to This Discussion

Permalink Reply by Iris on May 27, 2010 at 11:12

OK Skip, time for kindergarten 101. What is a stripper field?

Permalink Reply by Skip Peel - Mineral Consultant on May 27, 2010 at 12:31

Hi, Tiger. It is a field that requires enhanced recovery (has lost it's natural pressure drive) and is in decline. Depletion can take a long time. There are wells in the Caddo Pine Island Field that have been producing continuously since 1915. Some companies have 500 wells so if each makes 2 barrels a month and crude is $90/barrel that would be gross revenue of $90,000/month. Imagine if each well averages one barrel a week.

Permalink Reply by Iris on May 30, 2010 at 6:13

Thanks, Skip, interesting...learn something new every month...

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As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More

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