How an Oil & Gas Exploration & Production Company Operates

How an Oil & Gas Exploration & Production Company Operates

by Marsha Breazeale

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Second Edition. Learn how the most important type of U.S. domestic oil and gas company of the three types that exist goes about turning a signed oil and gas lease into a successful well. An exploration and production company is the most important type because they drill and operate the wells, in addition to partnering with other exploration and production companies. Every mineral owner needs to know how they operate.

An exploration and production company acquires the new leases from landowners, clears away land title problems to permit drilling, forms partnerships to share the risk, oversees drilling the wells. Once producing, this type of company distributes sales revenues to royalty owners and others. U.S. domestic oil and gas production from private lands is booming.

This book takes the reader inside an oil and gas exploration and production company from the viewpoint of the oil and gas lease, then explains all of the most common activities necessary to drill a successful well on a new oil and gas lease and then meet all of the requirements of the lease to keep it alive. Land owners holding mineral rights will learn from this book ways to take greatest advantage of this windfall.

Updated to include a chapter on vertical, directional, and horizontal wells. 42,723 words

Product Details

BN ID: 2940156243372
Publisher: Marsha Breazeale
Publication date: 01/23/2019
Sold by: Draft2Digital
Format: NOOK Book
Sales rank: 656,372
File size: 350 KB

About the Author

Marsha Breazeale is an oil and gas land professional with over 40 years of experience, certified by the National Association of Division Order Analysts and by the National Association of Lease and Title Analysts. She holds a Masters in education with emphasis in corporate training.

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