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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Brad Baker who wrote (24806)	6/27/1998 11:11:00 PM
From: Douglas V. Fant	Respond to of 95453

Brad, Stripper well production: generally all of the equipment on stripper wells (which are usually old wells) has long since been depreciated to zero. So the cash flow coming off of a stripper well is pure gravy. So you keep your stripper wells producing as long as possible. Now in order to save money, you may try to skip on well workover operations. Problem is, is that downhole scale and paraffin build up in the well bore restricting flow. So stripper wells are the last wells that you'll stop producing- on the other hand,if you do not maintain wells, then production will slowly fall. So yes, look for oil production to slow in North American Fields generally, with an exception here and there.... Sincerely, Doug F.