RE:Activity is happening everywhere… except with us. Wcp I just finished a long chat with my buddy in Alberta asking how I might clean up some wells to get them flowing better just outside of Houston.I suggested a very strong surfactant.
He has formed a small company banging out 5600 foot wells in about six days using a trailer double drilling rig, then completing them in an old oil field with not much formation pressure left but still with plenty of oil in place. Their wells make about 80 bbl/day. His netbacks are in the $50 per barrel range. Not bad operating income at around $4000 per well per day. Four guys running their operation from their home offices and pickup trucks make more money than oyl. They just finished drilling 2 more.