Oil/Gas/Mineral Rights N.D
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Question
I own mineral rights in Dunn County. My question is when a area is deemed as a "Dry Hole" Does that pretty much mean that there never will be any drilling?
If only one dry hole has been encountered then this is not necessarily true; sometimes you can move over only a short distance and make a well. However, if multiple dry holes are drilled in an area, then that is a sign that there is a very small chance that hydrocarbons are present in that area, and future drilling in the area is unlikely.
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Answers by Expert:
David Traugott
Expertise
I can answer questions related to the technical issues associated with the drilling and completing of oil and gas wells; very familiar with the cementing process, LWD tools and Coiled Tubing operations. Limited knowledge of mineral rights and/or royalties.
Experience
Fifteen years working as an engineer in the industry both in the field and in the office. Field locations include offshore, land, and overseas. Office locations include Lafayette, LA and Houston, TX.
Organizations
SPE, AADE, IADC, API, IEEE, ICoTA
Publications
SPE Drilling and Completion Magazine, World Oil, Harts E&P.
Education/Credentials
Bachelor of Science in Electrical Engineering, UL Lafayette 1995. Strategic MBA, University of Houston-Victoria 2010
Past/Present Clients
Major and Independent Oil and Gas Companies.
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