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Re: TradeForProfits post# 100

Sunday, 10/11/2009 4:31:25 PM

Sunday, October 11, 2009 4:31:25 PM

Post# of 67170
Going through the lease reports, the plugged wells were all completely plugged. All the wells in this field highly communicate with each other. In the mid '90s roughly 50% of the wells in the entire field were plugged because the unplugged wells could still pump the oil. All wellbores in this field are extremely close together as can be seen on the lease maps, or if you happen to live in the area, you would know. A 25 acre lease can have 5 wells on it, so they are pretty dense.

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