I need to dig into this & talk with family that drills & owns rigs for a living. Every single one of them have made it clear that the "empty" wells somehow always fill back up again after being emptied & closed for years.
The industry doesn't like to talk about that. Makes sense though - big oil would love for smaller companies to give up on old wells, and then buy them up for pennies on the dollar.
Many have been found to be attached to deeper sources. So, some thought has been that pressure has been relieved, and it's pushed into there from those harder to access deeper deposits. However, if it's actually truly newer oil, instead of older oil...
I need to dig into this & talk with family that drills & owns rigs for a living. Every single one of them have made it clear that the "empty" wells somehow always fill back up again after being emptied & closed for years.
The industry doesn't like to talk about that. Makes sense though - big oil would love for smaller companies to give up on old wells, and then buy them up for pennies on the dollar.
Many have been found to be attached to deeper sources. So, some thought has been that pressure has been relieved, and it's pushed into there from those harder to access deeper deposits. However, if it's actually truly newer oil, instead of older oil...