Oil Well Strippers Suffering From Low Oil Prices
Green Car Congress
DECEMBER 10, 2015
Stripper-operated wells account for all of the oil production in the state of Illinois, for instance. Stripper wells also don’t cost a lot to operate—perhaps $2,000 a month by some estimates, mostly for electricity and water disposal. These wells account for roughly 11.3 barrels per well per day just to break even.
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