SPECIAL REPORT: US production relies greatly on strippers

06/06/2005
Marginal or stripper wells contribute significantly to US oil and gas production, as shown in the Interstate Oil and Gas Compact Commission’s (IOGCC) latest study.1 In 2003, the study shows, the US had about 400,000 stripper oil wells producing 314 million bbl/year and about 260,000 stripper gas wells producing about 1.5 tcf/year (Table 1). Click here to enlarge imageIOGCC defines stripper wells based on the volume of oil and gas produced. It classifies oil wells as strippers if they produce 10 bo/d or less. Stripper gas wells are those that produce 60 Mcfd or less.Other definitions of marginal wells take into account the economic limit for operating a well rather than only volumes...
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