Oil Prospects | Oil Drilling Investments | Investments In Oil
Understanding Intangible Drilling Costs For Oil and Gas Properties Intangible Drilling costs, also known as IDC can be an area of confusion for oil industry professionals as well as oil and gas investors. For accounting purposes, the IRS has set certain guidelines pertaining to what are considered intangible drilling costs and how they are treated [...]
Generally, oil and gas well data, well records and operational reports such as well logs and well completion data originate with the Texas Railroad Commission. At first, the TRRC website can be a bit tricky to navigate through since the RRC stores much of this information through a number of various databases. Essentially, you have [...]
Many times, I find myself going through the Texas Railroad Commission well records while searching for existing oil wells and prospective oil plays. While the Texas Railroad Commission website does provide plenty of valuable information, navigating the site can be quite a pain. Even for someone experiences such as myself, I still find researching the [...]
Oil investments are integral to the development of crude oil and natural gas wells in Texas. From the first stages of an oil well development prospect to production – enhanced recovery to secondary recovery, there are a number of investments which need to be made. Often these oil investments are made in stages and are [...]
This is a continuation on researching Texas orphan wells. To view first article in the tutorial, please click here. When searching for historical data on orphan wells, you can choose from any of the links on the list of orphan wells, but my preferred method is to use the GIS Viewer which is under the [...]
A resource for finding information and researching Texas Orphan Wells At All Clear Energy, we have been involved in researching and developing oil and gas wells for over 8 years in Texas. In that time, we have worked through the process of acquiring existing oil wells through the Texas Orphan Well acquisition program. Orphan Wells [...]
I do a lot of research on Texas oil wells and in doing so, I often use the TRRC Public GIS Map viewer to locate information on wells. While doing research today, I came across and oil alert that I have never seen before on the GIS Map. Appearing on the RRC Map were the [...]
When developing an oil and gas prospect, often times we will research old well files and pull up old oil and gas well logs for existing wells. Although not every well is included, The Texas Railroad Commission keeps a pretty good database of oil well log files which anyone can download and evaluate. Existing well [...]
When discussing the permian basin, one of the interesting things about technology in the oil and gas industry is that it is enabling us to solidify our investments in oil and gas especially in the permian basin by reducing some of the elements of risk associated with exploring for and developing crude oil and natural gas properties. [...]
The Texas Railroad Commission offers numerous ways to search wells online but finding the search portal can be a bit of a challenge for a lot of people. I wanted share what I believe to be one of the easiest ways to search for drilling permits for Texas wells online. Whether you are an industry [...]
We spend a lot of time researching old oil wells and leases for oil and gas production. Although there are some oil industry exclusive software that we use, a lot of the time, we use the Texas Railroad Commission to find oil and gas production for Texas oil wells. Often times, we get the question [...]
As an oil and gas development company, we rely heavily on public oil and gas well data to conduct our initial oil prospect and oil lease evaluations. The Railroad Commission of Texas is the regulatory authority for all wells drilled, equipped and produced in the state of Texas and as such, maintains an expansive database [...]
Noodle Creek limestone reservoirs of Rough Draw field represent tabular biostromes that contain the same biota found in phylloid algal mounds. The Noodle Creek contains three carbonate intervals, separated by shales, which range in thickness from 25 to 30 ft. Production occurs from the lower two carbonates. In ascending order, Noodle Creek limestones exhibit a [...]
The Texas Railroad Commission has set up several districts which include numerous counties in each district as a way to organize crude oil and natural gas production by district number. Here is a sample map by the Railroad Commission of Texas which shows the boundaries and counties in each district. Click here for a larger [...]
The Railroad Commission of Texas has set forth guidelines for the identification of oil & Gas Wells, Tanks and associated properties under the jurisdiction of the Texas Railroad Commission. In order to provide clarification and a better understanding of these guidelines, we have outlined the requirements for Texas oil and gas lease signs down into [...]
