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Texas new drills jump 27% higher in March over February, tie January’s level

Oil & Gas 360º

RRC figures show 1,072 new drills recorded during March (up 27.5%), including 818 oil wells, 246 gas wells and eight dry holes. This compares to 841 total new drills in February, including 682 oil wells, 142 gas wells and 17 dry holes. The figures a year ago included 689 oil wells, 183 gas wells and 19 dry holes.

Dry Hole 130
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Casing Controversy: Does the Comparative Fault Codal Article Cover Contract Claims?

The Energy Law

In its reasoning on defendants’ alternative causation theory, the appellate court criticized the defendants’ failure to either continue to drill the well themselves and/or visit the well site to determine the cause of the excessive mud loss (what defendants contended was the result of a hole in the formation) at over 13,000 feet.

Casing 40
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Louisiana Second Circuit Provides Guidance as to Good Faith Required When Conducting Operations Necessary to Interrupt Prescription of Mineral Servitude

The Energy Law

The well was a dry hole, however, and was therefore plugged and abandoned on April 21, 2006. He pointed to owners having a cement truck waiting to fill the well as soon as drilling was completed as objective evidence of such an intent. Cannisnia Plantation, LLC v. A well was spud on March 28, 2006.