Can someone tell me if this is an oil or gas well? It looks like both to me?
it’s both, sometimes it may be listed as a gas well, but it’s producing better oil than gas
“Spot On” Greg Grinnan!:ok_hand
There is a statutory formula for classification as an oil well or a gas well based on the relative production. However, this can be overruled by the RRC field rules. For example, under the Ford, West field rules, all wells are gas wells regardless as to how much oil and gas is being produced.
Quick way to tell the classification, RRC lease number is 5 digits for an oil well and 6 digits for a gas well.
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Thanks for the replies. How can I tell if this well is in a deep reservoir area or not?