Would anyone know how many wells can be put on the 2 sections of a lease?
Thanks,Dan
Dan, they can put as many wells as they like, which will depend on how many are feasable and profitable, and can depend greatly on how many produceable formations are under your acres. This does not mean you will get all of the wells at once. I can easily see it taking 2 generations, 40 years to put a well everywhere a well will be profitable and if they improve primary recovery, which I think they will before 40 years is up, it will push the day when the last profitable well is drilled that much farther into the future. Then there will be field unitization and secondary recovery.