Stripper well definition
A stripper well or marginal well is an oil or gas well that is nearing the end of its economically useful life. In the United States a "stripper" gas well is defined by.
12 Mar A workable stripper well definition? Just as with many topics in the oil and gas industry, two people might have slightly different definitions and.
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Stripper well
Stripper Well For tax purposes, a stripper well is defined as any oil or natural gas well property whose maximum daily average oil production does not exceed
Description:A low producing well could be fraced or refraced, then the flow could increase substantially. Other factors that can influence the numbers: Since the topic is based on well economics, the answers will be different between operators, or in different countries based on cost structure and feasibility. In most instances, the remaining reserves are not easily accessible when oil prices subsequently rise again: Please help improve this article if you can. Topics such as water depth cut offs, or ways of measuring reserves come to mind. A well that is still in operation, but towards the end of its working life, since being marginally viable from a financial point of view.
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