• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 24 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 5 hours NordStream2
  • 1 day Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 hours US intel warns China could dominate advanced technologies By NOMAAN MERCHANT October 22, 2021
  • 1 day Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 3 days Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 3 days Storage of gas cylinders
  • 3 days "The Hidden Story About California's Container Ship Backlog" via Corbett Report

Hundreds Of Vertical Oil Wells Damaged By Horizontal Fracking

At least 450 conventional vertical wells in Oklahoma’s Kingfisher County have been damaged by horizontal fracturing, the Oklahoma Energy Producers Alliance (OEPA) said in a study, The Oklahoman reports.

OEPA, a group of Oklahoma oil and gas companies concerned with protecting their rights as conventional vertical producers and royalty owners, says that “hundreds if not thousands of wells are being destroyed by horizontal frac jobs.” All these wells paid 7 percent gross production tax (GPT) and are being replaced by wells paying 2 percent GPT, the alliance says, asking lawmakers to eliminate the “special 2 percent tax rate on new wells to the historical level of 7 percent that all other producers of existing wells pay.”

“I believe nearly every vertical well in Kingfisher County will be negatively impacted by horizontal frack jobs at some point,” OEPA founder Mike Cantrell told The Oklahoman. “We’re just trying to get people to get fair value for their property up front before the damage is done,” he added.

Matt Skinner, spokesman of the Oklahoma Corporation Commission, told The Oklahoman that the commission had investigated and verified 20 cases of damaged vertical wells due to horizontal drilling nearby, with most of the damaged wells showing environmental damage. Another 55 wells await inspection or are already under review.

“We have a well-established vertical world, and we have a new horizontal world. The issue is how can these two worlds live together,” Skinner said.

“Wells are obviously being damaged. We know this is happening. It is a problem that needs to be addressed, and to address it we need more data,” the spokesman told The Oklahoman.

A few weeks ago, a federal jury in Oklahoma City awarded US$220,000 in to two Oklahoma oil firms—H&S Equipment Inc and Mark Holloway Inc— damages incurred by a “well-bashing” incident two years ago by Felix Energy, which was later acquired by Devon Energy Corp.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News