re: Taylor Energy and 14 years of leaking oil

Who has ownership of those leases now?

quote:

---

They will be able to tell how much oil has been leaking for all these years.

---

No. They won't.
They will be able to estimate how much oil has been leaking for all these years.

quote:

---

I would imagine they are trying to wait it out until the wells stop flowing

---

Redstick:
I know you're knowledgeable about the this kind of stuff. Maybe you could answer a couple of questions:

If there were 28 wellheads at Saratoga, do you have an educated guess on what they were producing a day?

Assuming there was directional drilling involved, how far out might these wells reach?

Would they be reaching into multiple reservoirs or all drawing from the same formation?

What type of volume does a well in that area and depth have to produce to be commercially viable?

Thanks for any clarification you can provide. I'm assuming that geologists/E&P guys figure that the reservoir/area is largely depleted. If not, wouldn't some operator have drilled to drain it before it just leaked out over the past 14 years?