Stripper oil wells
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stripping - Schlumberger Oilfield Glossary
A stripper well or marginal well is an oil or gas well that is nearing the end of its economically useful life. In the United States a "stripper" gas well is defined by.
12 Mar In figures, an oil stripper well will produce up to barrels per day averaged over a 12 month period. An equivalent gas well would produce.
Description:What Is A Stripper Well? Just as with many topics in the oil and gas industry, two people might have slightly different definitions and both be correct. Topics such as water depth cut offs, or ways of measuring reserves come to mind. Since the topic is based on well economics, the answers will be different between operators, or in different countries based on cost structure and feasibility. It makes sense to define terms for clarity, we define a stripper well as: A well that is still in operation, but towards the end of its working life, since being marginally viable from a financial point of view.