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Re: jcrom56 post# 10005

Sunday, 04/29/2007 7:15:01 PM

Sunday, April 29, 2007 7:15:01 PM

Post# of 132367
Independent oil and gas producers now drill 90 percent of the nation's wells and produce 85 percent of the natural gas and nearly 60 percent of the oil that flows from wells in the lower 48 states. Most of these companies, however, are working on small financial margins and have few resources to risk on developing technological solutions to the problems they encounter in today's oil or gas fields.

http://www.fossil.energy.gov/programs/oilgas/fielddemos/index.html

So 90% of the wells, half the oil, and little money (or resources).