National stripper well survey

Technical Report · Mon Oct 01 04:00:00 EDT 1984

OSTI ID:6422731

The national stripper well survey published annually provides national and state-by-state data on stripper well operations. Stripper wells are those producing crude oil at a rate of less than ten barrels a dy. This report shows that there were 441,501 stripper wells in operation as of January 1, 1984, and that during the 1983 calendar year 462,013,486 barrels of stripper oil were produced. By comparison, there were 416,493 stripper wells as of January 1, 1983 and during 1982 calendar year they produced 441,951,028 barrels of crude oil. Thus, there was a one-year increase of 25,008 wells and an increase in production of 20,062,458 barrels. For the fourth straight year, the abandonment numbers are up, this time by 17 percent. During 1983, 11,032 stripper wells reached terminal status and became unprofitable to continue operation. These wells each were still capable of producing some oil but not enough to pay the taxes, royalties and operating expenses and leave a sufficient amount of profit for the operator to continue. This is a necessary but regrettable loss to the nation because the oil that might have been captured will never be produced under any conceivable foreseeable circumstance.

• Research Organization: Interstate Oil Compact Commission, Oklahoma City, OK (USA)
• OSTI ID: 6422731
• Report Number(s): NP-5900314; ON: TI85900314
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
DATA
DATA COMPILATION
INFORMATION
NORTH AMERICA
NUMERICAL DATA
OIL WELLS
PRODUCTION
USA
WELLS