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<blockquote data-quote="Davey Crockett" data-source="post: 300695" data-attributes="member: 367"><p>I hope your right. I just feel like the whole plan doesn't pass the smell test. Not to mention they are discussing the use of stimulus money </p><p> to fire up 6000 more wells when we are in the biggest oil glut of all time and drive oil prices into the ground again. </p><p> My main gripe I guess is that this is emergency money and most of these wells have been idle for 30-40 years yet in the last 3 months we have watched small mom and pops main street businesses fall on the brink of bankruptcy. </p><p> Then there is this.</p><p></p><p> "Although no formal proposal has been submitted, the governor and other state officials also have discussed using some of the federal coronavirus aid to restart the mores than 6,000 oil wells that have been idled but not abandoned in recent weeks due to low prices. State and industry officials said it could $50,000 to $400,000 to bring a well back online and production."</p><p></p><p></p><p></p><p></p><p> <a href="https://apnews.com/0c7ed45aca2daa707d7fcea8fbefb737" target="_blank">https://apnews.com/0c7ed45aca2daa707d7fcea8fbefb737</a></p><p></p><p></p><p> I'd probably be on board if they downsized the plan and awarded the contracts to smaller local contractors and local ready mix companies like we used to back in the day. Maybe they will but from what I can see the only way to this many wells in a few months will require Halliburton and Schlumberger or whatever global contractors in operation out there to bring crews from out of state to gobble up as much as they can. Another problem is that the state doesn't have the personal to monitor this big of a project in the timeframe they want to do it in so corners will be cut . Just my 2 cents worth , Maybe I am way off base. </p><p></p><p></p><p> "State and industry officials said it could $50,000 to $400,000 to bring a well back online and production." This claim really throws a red flag in my mind.</p><p></p><p><span style="color: silver"><span style="font-size: 9px">- - - Updated - - -</span></span></p><p></p><p>https://bismarcktribune.com/bakken/abandoned-oil-well-plugging-to-begin-mid-july-regulators-ok-ethanol-grant/article_a10deac8-9d45-5d1a-b98f-29a4810756f1.html#tracking-source=home-top-story-1</p><p></p><p></p><p></p><p> Most of this work in in my neck of the woods and shallow wells lots of them are under 4000' I should be doing jumping jacks but We have enough small independent contractors and crews in this area to complete this project on a smaller scale so the State hands can keep up. I realize a lot has changed but I've saw a lot of shady plug jobs in my life when the state hand wasn't around. There's a lot of profit in charging for cement that doesn't ever get pumped down the hole. </p><p> I see the amount jumped from $33.1 million to $ 66 million and the bidding starts tomorrow so we won't have to wait long to find out. That was quick</p></blockquote><p></p>
[QUOTE="Davey Crockett, post: 300695, member: 367"] I hope your right. I just feel like the whole plan doesn't pass the smell test. Not to mention they are discussing the use of stimulus money to fire up 6000 more wells when we are in the biggest oil glut of all time and drive oil prices into the ground again. My main gripe I guess is that this is emergency money and most of these wells have been idle for 30-40 years yet in the last 3 months we have watched small mom and pops main street businesses fall on the brink of bankruptcy. Then there is this. "Although no formal proposal has been submitted, the governor and other state officials also have discussed using some of the federal coronavirus aid to restart the mores than 6,000 oil wells that have been idled but not abandoned in recent weeks due to low prices. State and industry officials said it could $50,000 to $400,000 to bring a well back online and production." [url]https://apnews.com/0c7ed45aca2daa707d7fcea8fbefb737[/url] I'd probably be on board if they downsized the plan and awarded the contracts to smaller local contractors and local ready mix companies like we used to back in the day. Maybe they will but from what I can see the only way to this many wells in a few months will require Halliburton and Schlumberger or whatever global contractors in operation out there to bring crews from out of state to gobble up as much as they can. Another problem is that the state doesn't have the personal to monitor this big of a project in the timeframe they want to do it in so corners will be cut . Just my 2 cents worth , Maybe I am way off base. "State and industry officials said it could $50,000 to $400,000 to bring a well back online and production." This claim really throws a red flag in my mind. [COLOR="silver"][SIZE=1]- - - Updated - - -[/SIZE][/COLOR] https://bismarcktribune.com/bakken/abandoned-oil-well-plugging-to-begin-mid-july-regulators-ok-ethanol-grant/article_a10deac8-9d45-5d1a-b98f-29a4810756f1.html#tracking-source=home-top-story-1 Most of this work in in my neck of the woods and shallow wells lots of them are under 4000' I should be doing jumping jacks but We have enough small independent contractors and crews in this area to complete this project on a smaller scale so the State hands can keep up. I realize a lot has changed but I've saw a lot of shady plug jobs in my life when the state hand wasn't around. There's a lot of profit in charging for cement that doesn't ever get pumped down the hole. I see the amount jumped from $33.1 million to $ 66 million and the bidding starts tomorrow so we won't have to wait long to find out. That was quick [/QUOTE]
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