stripper well


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stripper well

[′strip·ər ‚wel]
(petroleum engineering)
References in periodicals archive ?
Stripper wells pump no more than 15 barrels of oil per day but together over 400,000 wells scattered across the nation's oilfields produce over a tenth of US oil output, enough to affect the market supply-demand balance and prices.
Stripper wells, by definition, produce less than 20 barrels of oil a day.
2] Stripper wells are oil wells that produce 10 or fewer barrels of oil per day.
Ellis stated: "I look forward to working with the board of directors in building Black Dragon's oil reserves through application of state-of-the-art technology to significantly increase oil production from our existing stripper wells.
Frank Love states, "In recent press releases, I discussed $270 million worth of oil sludge in Bashkorstan, Russia; an oil field with 48 million barrels of oil reserves (with today's price range of $50-$60 a barrel) in the Samara region of the Russian Federation; hundreds of thousands of Stripper Wells available in North America; the acquisition of Wales Holding Corp.
Debt financing will also be used for our other projects, like acquiring hundreds of the thousands of Stripper Wells available in North America.
These costs in combination are the principal factors that prevent marginal stripper wells from remaining in production.
Included in the leases, within the Gunsite formation at 700 feet, are 15 stripper wells that Monarch intends to rework to enhance current production.
We have targeted stripper wells, shut-in production, capped wells, new in-field development wells, and under-exploited properties as our opportunity to become the next major independent oil and gas producer, while implementing strong conservational policies in our oil and gas production.
a West Virginia oil and gas company, to produce oil from orphaned, low producing and stripper wells in the state.
The technology has direct applicability to stripper wells which are over 75% of the wells in the United States.
The BORS Lift, which is able to rejuvenate shallow, low-volume stripper wells, responds to the need for more sophisticated technology for oil recovery in remote locations.