37e
Subj : Re: Gas Crunch
To   : Frank
From : Finnigann
Date : Wed Aug 31 2005 00:24:00

-=> Frank wrote to Finnigann <=-

 Fr>   Re: Re: Gas Crunch
 Fr>   By: Finnigann to Frank on Tue Aug 30 2005 03:32 am

 > Not entirely. Many low producing wells in Texas were capped when prices (for
 > cude) dropped to the teens per barrel. And by capped I mean they were filled
 > with cement.

 Fr>    This is the method used here on wells when they are abandoned or
 Fr> bought
 Fr>   by mining operations. We call it a plugged well. Most of the time
 Fr> they have
 Fr>   just played out and no formations are deeper to be drilled to.


I don't know about SOLD but we called it Plugged and Abandoned. While there may
have been oil still in the ground, it cost more to pump it out than the oil
sold for.

.... A Life of Celibacy .... by M. T. Bedd
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