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Aggie9518

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Aggie9518

Re: Howardhaftel post# 11757

Monday, 02/25/2008 10:29:41 AM

Monday, February 25, 2008 10:29:41 AM

Post# of 17503
I see old stripper wells, shut in years ago, being reworked all over my part of Texas. Work over rigs are everywhere. Most activity I have seen in the past 10 years. I know of 11 wells on and around family land (Grimes County, Texas) that are now back on-line. What was unfeasible to pump at $20/barrel is now very profitable at $90/barrel. New technology and horizontal drilling is making the fields productive again....Not IMO...Fact...Gig'em...Aggie...
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