Orphan wells? Please elaborate. Curious.
Discussion
posted a few thing in the past on this. Orphaned wells are abandoned oil wells. They're not great for the environment and states try to get them abandoned correctly. There are lists. I am looking through a list of over 8000 from Texas and diving into the geology a little to see if I can find ones that could potentially be economic and be put back on production. Been going a couple months now. Rather large project! Trying to see if one can start an oil company with very little capital just for a good challenge.
Interesting. Thank you, for explaining. Are those on public kr private property mainly, would you say?
May I ask, an additional question?
What methods are you using to look into the geology exploring if there's more oil in the ground at these certain locations of exciting wells?
Well I downloaded the full list of wells from the Texas Railroad Commission and I go through one by one checking their history on a web portal I have access to. That shows the production history and the well depth etc. I then cross reference back to the RRC if there's one that looks potentially not depleted and check and verify the history of the well. I download logs of data when available and look at the geological properties of the wells if available to see if there are any zones I feel have potential to contain hydrocarbons that they have not accessed. I am ranking everything and then once am done with the full 8000, I will take the higher potential ones, scan through to start doing a deeper dive. The deeper dive involves downloading as much local well information and building up geological models to look for structural geology features that may give a better indication of potential. For that, I use another piece of software that I was the designer for which allows me to build up models of the subsurface and create maps etc.
