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10/20/2017 1:01:18 AM
9/22/2017 12:11:25 AM
Posted: 9/14/2005 7:57:30 AM EDT
[Last Edit: 9/14/2005 8:01:48 AM EDT by weptek911]
Is it still going on or is it played out ?. I remember hearing that Texas still had oil, It was just too expensive to pump the remaining because of technical issues.

If expenses were the issue it seems like it might be worth it now. ($70 per bbl)

I just was wondering, because a friend of mine is flying down to meet some investors & oil men.
Link Posted: 9/14/2005 8:04:59 AM EDT
They will still be pumping on my(famlies) property for the next 75 years.

We sunk a well ~10 years ago, the engineers said it was too thick to pump. We have been recently contacted (8mos ago) that they want to hydrogenate the well and pump it out. We are still in discuussions with them about building us a new road/gate to the pad site. There is still plenty of oil here was just not cost effective when it was ~$40bbl.
Link Posted: 9/14/2005 8:15:16 AM EDT
on the way from dallas to the hunfarm.. it seemed like EVERY property between home and there had an oil pump on it.. so someone is making money
Link Posted: 9/14/2005 9:41:55 AM EDT
Oh they're pumping alright! They'll probably look into drilling offshore some more, too.
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