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  Umbra On Petroleum

  Umbra is wonderfully enlightening on so many topics. On the subject of domestic petroleum production,Umbra should be assured that"wee oil" (as opposed to "big oil") exists. There are nearly 400,000 small oil wells in the United States, and about 360,000 small natural gas wells in the US. These wells are called "marginal" or "stripper" wells and produce less than 10 barrels of oil a day (a barrel is 42 gallons) and the equivalent of natural gas. These wells are owned by very small producers, often a one-person operation. Large multinational companies and large domestic companies do not operate small wells.These people are just like small family farmers, but don't enjoy nearly the subsidies of farmers. The small wells are in 34 of the 35 states that have production (only Alaska has no small wells because it is just too expensive to produce in that state for a small operation).  The small oil wells average 2.18 barrels of oil a day, and the small gas wells average 15,500 cubic feet of natural gas a day. Fifteen percent of all of the oil produced in the lower 48 states comes from these wells, and 40% of all the oil we use is produced in the US (85% of all of the natural gas we use is produced in the US, with 14% coming from Canada and the rest by ship in the form of LNG). On Umbra on oil subsidies posted 4 years, 3 months ago 3 Responses