stripper well

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stripper well

[′strip·ər ‚wel]
(petroleum engineering)
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
This limitation, for marginal wells, was suspended for tax years beginning after 1997 and before 2004.
If the tribes chose to assume jurisdiction over the petroleum industry, that could impede oil and gas drilling, slow or stop infrastructure development and be so costly that some oil producers are forced to close their old, marginal wells that produce just a few barrels or less daily, Ferate said.
"Is it doing what it's designed to do - to encourage production in marginal wells? Or is it just a windfall, so to speak, for playing a game?"
Market expansion will be driven by the high cost of drilling marginal wells. A key driver for such costs is the increasing reliance on technology when drilling to optimize production from poorer hydrocarbon resources.
He also asked for current-year expensing of geological and geophysical costs, elimination of the net income limitation on percentage depletion for marginal wells, elimination of the 65 percent net taxable income limit on percentage depletion, and eliminating paris of the alternative minimum tax.