Description

Second Edition. Learn how the most important type of U.S. domestic oil and gas company of the three types that exist goes about turning a signed oil and gas lease into a successful well. An exploration and production company is the most important type because they drill and operate the wells, in addition to partnering with other exploration and production companies. Every mineral owner needs to know how they operate.

An exploration and production company acquires the new leases from landowners, clears away land title problems to permit drilling, forms partnerships to share the risk, oversees drilling the wells. Once producing, this type of company distributes sales revenues to royalty owners and others. U.S. domestic oil and gas production from private lands is booming.

This book takes the reader inside an oil and gas exploration and production company from the viewpoint of the oil and gas lease, then explains all of the most common activities necessary to drill a successful well on a new oil and gas lease and then meet all of the requirements of the lease to keep it alive. Land owners holding mineral rights will learn from this book ways to take greatest advantage of this windfall.

Updated to include a chapter on vertical, directional, and horizontal wells. 42,723 words