Haha, That well of Mainland's is fully cased, meaning that Mainland didn't salvage any of the pipe that they put into the ground so the well is still accessible. Unfortunately, they never filed the proper well-logs with the MSOGB, so it is impossible for me to take a look at the well...
I've been trading UCO, instead of USO... The US Production rates finally fell off in today's EIA Report by 112K BOPD!!! Huge volume in UCO, despite having undergone a 1:5 reverse split last night, but reverse splits are okay for ETFs as i'm sure you know...
Also, someone made a huge attempt to short the price of crude down today, the attempt can be seen by looking at UCO's intraday chart from 10:30 through 10:38...
Both the short selling & the Reverse Split to hide volume spike are both the US Governments attempts to keep crude oil prices low... Obama & Putin are not getting along very well...
