Run out comes from wells pulling dry lol. And area sizing , prospecting,for product after production. There's a reason rigs are relocate and Jack's shut down and capped after the oil "dries up". It's gone.
There's a reason those companies and the ones that supply them have contacts to return after 5-15 years to reopen them. The caps are temporary. Go on, check me.
Run out comes from wells pulling dry lol. And area sizing , prospecting,for product after production. There's a reason rigs are relocate and Jack's shut down and capped after the oil "dries up". It's gone.
There's a reason those companies and the ones that supply them have contacts to return after 5-15 years to reopen them. The caps are temporary. Go on, check me.
100%, i have a friend who's family owned a single derrick in west Texas.
It went dry in late 80's, so they shut it off.
In the 2000's oil hit 100.00 a barrel and they decided to pay to have it restarted.
It was now producing over 30 barrels a day.