Subj : Re: Gas Crunch
To   : Frank
From : Deuce
Date : Fri Sep 02 2005 02:21:00

  Re: Re: Gas Crunch
  By: Frank to Deuce on Fri Sep 02 2005 01:02:00

 >    It the situation you are describing the term we use is *SHUT IN* which is
 >    what they used for the loss of production from the Gulf. The wells weren'
 >    CAPPED, They were Shut In untill production could resume.
 > 
 >    A Shut in well will "Rock up" on pressure and can be produced when turned
 >    in line.

and a shut in well costs on the order of $1000-$5000 per year.  If you expect
to need to keep it shut in for more than 10 years, you cap it instead as it's
cheaper to come back and uncap the well that it would be to keep it shut in for
that long.  The main reason that wells are left shut in are so the oil company
can maintain it's 50 year old lease of the rights for something like $1 per
year.

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