National stripper well survey, January 1, 1985
Book
·
OSTI ID:5782657
A 1984 survey of stripper wells shows that 14,000 were abandoned that year on the grounds that they could not produce enough oil to pay the taxes, royalties, and operating expenses. Stripper wells produced over 463 million barrels of oil in 1984, and accounted for about 15% of US total oil production and about 70% of US oil wells. The report considers the abandonment of stripper wells as a loss to the US, which is the only country producing its marginal reserves. The true value of a stripper well is that every barrel it produces is one less that the US will need to import. 3 figures, 4 tables.
- OSTI ID:
- 5782657
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
02 PETROLEUM
020300* -- Petroleum-- Drilling & Production
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ABANDONED WELLS
COMPARATIVE EVALUATIONS
COST
ECONOMICS
ENERGY SOURCE DEVELOPMENT
GEOLOGIC DEPOSITS
MINERAL RESOURCES
OIL WELLS
OPERATING COST
PETROLEUM DEPOSITS
PRODUCTION
RESOURCES
SURVEYS
WELLS
020300* -- Petroleum-- Drilling & Production
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002 -- Energy Planning & Policy-- Petroleum
ABANDONED WELLS
COMPARATIVE EVALUATIONS
COST
ECONOMICS
ENERGY SOURCE DEVELOPMENT
GEOLOGIC DEPOSITS
MINERAL RESOURCES
OIL WELLS
OPERATING COST
PETROLEUM DEPOSITS
PRODUCTION
RESOURCES
SURVEYS
WELLS