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iBoaterer[_2_] iBoaterer[_2_] is offline
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First recorded activity by BoatBanter: Sep 2011
Posts: 7,588
Default Drill, baby...DRILL!

In article a0e0c815-0c03-4304-b10f-da94bbe1dcd6
@f6g2000yqm.googlegroups.com, says...

Looks like my neighbor whose farm property is next to mine is
drilling an oil well. If it comes in, we might also be interested.
They're drilling down only 2200 ft into the 'tar springs' zone. from
another that he has, it is a low but steady rate of about 13 bl. a day
and has been for several years. So this new one will probably do about
the same, give or take, that is, if it even comes in at all.

. Which after operating expenses, still leaves a tidy profit.

We'll see what happens.


In northeastern PA there are oil wells in a LOT of people's back yards.
Has been that way for many, many years. Lots of leaky pipes connecting
them to a central collection place. I don't understand how each
individual gets paid for their oil, if there are meters or what.