Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: thackney
That's how I understand it. The vertical well is drilled and capped. Horizontal was not done. Another thing I noticed was the trains that used to come in that carried frack sand has all but stopped. We'll see what happens come Spring. The profit is not there after this drop.
31 posted on 02/25/2015 7:35:04 AM PST by WakeUpAndVote
[ Post Reply | Private Reply | To 29 | View Replies ]


To: WakeUpAndVote
The vertical well is drilled and capped. Horizontal was not done.

Interesting. It seems like a wasteful and expensive way to do it, but sometime cash flow takes priority over total costs.

Just drilling the well will not hold the lease. They will need production or penalty payments to do that.

33 posted on 02/25/2015 7:38:50 AM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 31 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson