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OFF SHORE DRILLING
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<blockquote data-quote="1982vett" data-source="post: 559816" data-attributes="member: 7795"><p>TB, I think a lot of them were cut up for scrap iron and sent to China when oil hit $10.00 a few years ago. Also during this time is when the EPA demanded that all wells no longer in production be plugged. $10.00 oil meant a lot of marginal wells were plugged because they were not profitable to operate. However, I shouldn't complain about that as it got us out of an old lease and into a better one.</p><p></p><p>It would by my assumption that the rigs that are left are already busy drilling. Marshall and Assoicates has been hired by Clatyon Williams Energy to do 3-D geoghysical survey in Burleson and Milam counties, so with some of the newer technologies, activity in the older fields may start to pick back up.</p><p></p><p><a href="http://www.wtrg.com/rotaryrigs.html" target="_blank">http://www.wtrg.com/rotaryrigs.html</a></p></blockquote><p></p>
[QUOTE="1982vett, post: 559816, member: 7795"] TB, I think a lot of them were cut up for scrap iron and sent to China when oil hit $10.00 a few years ago. Also during this time is when the EPA demanded that all wells no longer in production be plugged. $10.00 oil meant a lot of marginal wells were plugged because they were not profitable to operate. However, I shouldn't complain about that as it got us out of an old lease and into a better one. It would by my assumption that the rigs that are left are already busy drilling. Marshall and Assoicates has been hired by Clatyon Williams Energy to do 3-D geoghysical survey in Burleson and Milam counties, so with some of the newer technologies, activity in the older fields may start to pick back up. [url=http://www.wtrg.com/rotaryrigs.html]http://www.wtrg.com/rotaryrigs.html[/url] [/QUOTE]
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