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Wellstone ruled

(34,661 posts)

4. Rig operations are tied to the supply demand.

Reply to TexasProgresive (Reply #2)

Tue Jan 13, 2015, 03:40 PM

Jan 2015

One rig platform now days is used to drill several wells. While drilling a second or third or what ever well the previous wells are in pump operation. Not is all cases it's dependent on the underlying financing. And the number of rigs used is generally booked in advance as to the projected deposits. These rigs are not going to set up and drill dry holes and saying that,just a cut in the number of Wild Catter's.

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3 out of 7 oil rigs have been idled in Texas since August. [View all] Major Hogwash Jan 2015 OP

Yes and no, Wellstone ruled Jan 2015 #1

Driling rigs drill they don't pump oil. TexasProgresive Jan 2015 #2

Rig operations are tied to the supply demand. Wellstone ruled Jan 2015 #4

I know that TexasProgresive Jan 2015 #5

I'm in the oil and gas business GitRDun Jan 2015 #7

Thanks, that's what I thought TexasProgresive Jan 2015 #8

As it has always been. mmonk Jan 2015 #3

There seems to be confusion on terms Jim Beard Jan 2015 #6

They are not pumping the oil out of wells that have already been drilled into. Major Hogwash Jan 2015 #9