Subj : Gas Crunch
To   : Deuce
From : Frank
Date : Tue Aug 30 2005 21:30:00

  Re: Gas Crunch
  By: Deuce to Frank on Tue Aug 30 2005 01:33 am

 > Not completely... wells are capped as they stop producing more than they cos
 > to operate.  Old wells are often reopened as additional tecniques are develo
 > and when oil prices rise and stay there.  Of course, if the drilling compani
 > could make more money using the wells in the USA, they would.

 > I've never understood why people think the oil companies capped them and lef
 > them capped if not for monetary reasons.

 > But yes, there are MANY capped oil wells... they're jsut not worth reopening
 > yet.

   Well, I have old wells that are weak producers but they are just shut in. 
  they'll be drilled deeper or plugged. I don't understand why you would plug
  a well if you ever thought you may produce it again. It would mean bringing
  in a Rig and drilling it back out. I know of well's that are light crude
  producers that don't get pumped when oil prices are down but I wouldn't
  think these taken as a whold across the land could have that much of an
  impact on supply.


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