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American oil wells

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Category: News And Views
Forum Name: Thoughts and Opinions
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Topic: American oil wells
Posted By: Ken Majors
Subject: American oil wells
Date Posted: 17 May 2008 at 10:26pm
I have a question that I'm not sure where to ask, or whom to ask it of.
So...I'll ask here.

I live in northwest Ohio.
In the past few months, I've noticed that the old oil wells, that have been here for years, have recently come to life.
They (the people who deal with these things) have been visiting (re-visiting) these wells.
They have put towers up on the well sites. The towers look very similar to antenna towers, but are about 40 feet tall and have white, yellow, and red lights on them.
I'm not sure what any of this means, but they are very lit up at night, and are visible for miles.

I work for an air ambulance service in the area, and I flew last night, and I noticed that there are HUNDREDS of these things all over the damn place.
I never knew that. I thought there were but a few of these, but from the air, at 1500 feet you can see that there are tons of them all over the place.

My question is: What the ????

What are they doing with these things?

The old timers in the area have told me that they never pumped the oil out of these wells when they were originally drilled 20-30 years ago. They drilled, struck oil and "capped" them.
Whatever that means.

So....does the activity that I am seeing mean that they are going to finally pump the oil out and use it?
Or what the heck is going on here?

Just thought I would throw this out there and see if any of you fine folks know anything about.

I realize that even if the Northwestern Ohio Oil wells had more oil than Saudi Arabia it wouldn't do anything to reduce our gas prices = greedy bastards.

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RLTW



Replies:
Posted By: sinisterNorth
Date Posted: 17 May 2008 at 10:30pm
Sounds like they're marking to re-tap the wells, perhaps getting an estimate. I live in Western PA and I see a lot of towers go up and a week or so later drilling begins...day and night. Also, my particular area was rich in coal and a lot of the old strip mines are being dipped into again.

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Pumpker'd; (V.) When a pump player runs up and shoots you at point blank range because you thought 20bps made you good.


Posted By: tallen702
Date Posted: 17 May 2008 at 10:45pm
Usually what happens, Ken, is that less productive wells are capped and the people who own them retain the mineral rights until which point it becomes profitable for them to put forth the expense to pump oil from low-yield wells and transport the goods to market. This often happens when oil prices jump quickly due to speculation. These small well owners (usually large corporations, just small wells) will pump us much out of them as is profitable until prices begin to slip, when that happens, they cap them and wait for the next jump.

Same goes with natural gas.

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<Removed overly wide sig. Tsk, you know better.>


Posted By: *Stealth*
Date Posted: 17 May 2008 at 10:47pm
Originally posted by tallen702 tallen702 wrote:

Usually what happens, Ken, is that less productive wells are capped and the people who own them retain the mineral rights until which point it becomes profitable for them to put forth the expense to pump oil from low-yield wells and transport the goods to market. This often happens when oil prices jump quickly due to speculation. These small well owners (usually large corporations, just small wells) will pump us much out of them as is profitable until prices begin to slip, when that happens, they cap them and wait for the next jump.

Same goes with natural gas.




Why don't you go on a television trivia game?



Seriously, what don't you know?


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WHO says eating pork is safe, but Mexicans have even cut back on their beloved greasy pork tacos. - MSNBC on the Swine Flu


Posted By: The Guy
Date Posted: 17 May 2008 at 11:03pm
with soaring gas prices its now worth it to tap more expensive oil wells. Look at it this way, you know what increased supply does to prices.

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http://www.anomationanodizing.com - My Site


Posted By: .357 Magnum
Date Posted: 17 May 2008 at 11:11pm
It's make sense to wait until prices were raised and they would profit more.

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Posted By: GI JOES SON
Date Posted: 18 May 2008 at 12:31am
we could really use some sort of air powered car right about now...


Posted By: thebuickguy
Date Posted: 18 May 2008 at 8:14am
Yea i am from the same area and my friends family and my family owns a good portion of oil wells in sandusky county we have been pumping the wells non stop since oil has been above 60 dollars a barrel. where abouts are u toledo ? 

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Posted By: Ken Majors
Date Posted: 18 May 2008 at 10:22am
I live in Seneca County.

Little town of Bloomville.

It isn't the end of the world, but you can see it from here.

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RLTW


Posted By: Ozwarg
Date Posted: 18 May 2008 at 1:27pm
they might be putting Seismographs up. They are looking into the ground to see if their is enough oil to drill to be worth their money. Most likely.

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Posted By: WGP guy2
Date Posted: 18 May 2008 at 1:32pm
What type of helos do you guys fly, a Eurocopter of some sort I would assume?  What is your job?  All the air ambulance people I've seen are damn good at what they do.

Originally posted by GI JOES SON GI JOES SON wrote:

we could really use some sort of air powered car right about now...


I know of a type of car that runs on 93% air.


Posted By: stick_boy_2002
Date Posted: 18 May 2008 at 5:23pm
Originally posted by Ken Majors Ken Majors wrote:

I live in Seneca County.

Little town of Bloomville.

It isn't the end of the world, but you can see it from here.


i always thought bloomville was the end of the world.

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Posted By: paintball437085
Date Posted: 18 May 2008 at 6:01pm
mabby when they drill like crazy gas will be one $1.50 again. (good ol days

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psn=Xx_DY3_xX


Posted By: tallen702
Date Posted: 18 May 2008 at 8:58pm
Originally posted by paintball437085 paintball437085 wrote:

mabby when they drill like crazy gas will be one $1.50 again. (good ol days


uh... when I was in college, it was $1.36/gal and I thought that was insane.

When I was in High School, it was $0.99/gal

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<Removed overly wide sig. Tsk, you know better.>


Posted By: jmac3
Date Posted: 18 May 2008 at 8:59pm
Originally posted by tallen702 tallen702 wrote:

Originally posted by paintball437085 paintball437085 wrote:

mabby when they drill like crazy gas will be one $1.50 again. (good ol days


uh... when I was in college, it was $1.36/gal and I thought that was insane.

When I was in High School, it was $0.99/gal


When I was in high school it was under $2

Now I am in college, and it is just about $4.

This sucks.



EDIT: Hah I just checked gas prices for while I was in high school. Found a news story that says. "Gas hits record high. $1.73 a gallon"
I want to cry.


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Que pasa?




Posted By: Akhmed
Date Posted: 18 May 2008 at 9:26pm

Originally posted by paintball437085 paintball437085 wrote:

mabby when they drill like crazy gas will be one $1.50 again. (good ol days

I think you have that backwards.  As has been pointed out, they are drilling because of the high oil prices, which makes more wells economical.

If/when oil prices drop, these wells will once again be out of the money, and will be shut down again.



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"Virtue is more to be feared than vice, because its excesses are not subject to the regulation of conscience. "
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Posted By: thebuickguy
Date Posted: 19 May 2008 at 12:35am
Originally posted by Ken Majors Ken Majors wrote:

I live in Seneca County.

Little town of Bloomville.

It isn't the end of the world, but you can see it from here.


i think i ve been through there before


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J&J Ceramic APEX tip
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Posted By: FlimFlam
Date Posted: 19 May 2008 at 9:36am

Originally posted by WGP guy2 WGP guy2 wrote:

What type of helos do you guys fly, a Eurocopter of some sort I would assume?  What is your job?  All the air ambulance people I've seen are damn good at what they do.

I believe they fly Dauphins, though I'm not sure which model.  Mr. Majors is a flight nurse, and a damn fine one at that.  No amateur hour in the Life-Flight business...  I only answer for him because it'll be two weeks before he's got a chance to get back here

Where the hell ya been Kenny?!?

Originally posted by thebuickguy thebuickguy wrote:

Originally posted by Ken Majors Ken Majors wrote:

I live in Seneca County.

Little town of Bloomville.

It isn't the end of the world, but you can see it from here.


i think i ve been through there before

If you blinked, you missed it...



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Posted By: MT. Vigilante
Date Posted: 19 May 2008 at 12:22pm

Originally posted by stick_boy_2002 stick_boy_2002 wrote:

Originally posted by Ken Majors Ken Majors wrote:

I live in Seneca County.

Little town of Bloomville.

It isn't the end of the world, but you can see it from here.


i always thought bloomville was the end of the world.

You havent seen the end of the world untill you live in Fort Peck Montana.



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Posted By: WGP guy2
Date Posted: 19 May 2008 at 12:44pm
Originally posted by WGP guy2 WGP guy2 wrote:


Originally posted by GI JOES SON GI JOES SON wrote:

we could really use some sort of air powered car right about now...


I know of a type of car that runs on 93% air.


No one bit...  internal combustion engines running on gasoline use 93% air ideally.


Posted By: Ken Majors
Date Posted: 21 May 2008 at 10:43pm
I fly for Saint Vincent's Mercy Medical Center out of Toledo, Ohio.

We have 5 helicopters, 2 Dauphins, and 3 Agusta 109A Powers.
I fly the Agusta more than anything, very nice helicopter, quick startup, shutdown, and the pilots love them. They are fast, and nimble. They are a bit on the small side, and I ain't a small dude...so I bang my helmet a lot.

Appreciate the kind words from the FlimFlam man.
Returning the favor...Flim can build a functioning gaming system out of an old Atari, some radio parts, and a can of silly string.

I've been very busy.
Work has been keeping me from enjoying our designated "gaming night". (yes, we are geeks).
I need a vacation.
My kid is graduating from High School, and starting college in the fall.
I need a loooong vacation.
(it hasn't been 2 weeks)



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RLTW


Posted By: nickname
Date Posted: 21 May 2008 at 11:28pm

Originally posted by GI JOES SON GI JOES SON wrote:

we could really use some sort of air powered car right about now...

 

http://auto.howstuffworks.com/air-car.htm - http://auto.howstuffworks.com/air-car.htm

I ran into this article a while ago. It runs on compressed air.

 




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