What You Should Know About Gas Well Abandonment When You're In The Oil And Gas Industry
If you are involved in oil and gas production, then you might be used to working with gas wells. As you might know, many of them might be quite effective for producing gas. In fact, so far in your career, you might have never worked with a gas well that didn't produce as it was expected to. However, as you stay in the industry longer, you will probably find that some gas wells don't produce well. This might happen if they have already been in use for a long time, or it might happen if they weren't properly placed or installed in the first place. In these cases, it's important to learn about gas well abandonment.
Abandoning Gas Wells is Sometimes a Good Idea
There are some cases when abandoning a gas well is a good idea. There is really no reason for your business to be wasting resources on a gas well that is producing little or no gas, for example. A professional can help you determine whether or not it's time for you to abandon one or more of the gas wells that your business has been working with.
Gas Well Abandonment Has to Be Done the Right Way
Although it's true that there are various cases in which abandoning a gas well makes sense, you should know that it needs to be done in a certain way. This is important for environmental and safety reasons. You are probably also required to close the well up in a certain way by law. Luckily, there are companies that help with gas well abandonment if you need help with it.
You Might Have to Disclose it Later
Once you are finished with using a piece of land for oil and gas production, then you might decide to sell that land. After all, you might not have much use for it anymore. You might need to recoup some of your costs so you can invest in additional land for more oil and gas production, and you might want to make the land available for someone who might want to use it for a homestead or some other purpose. Just be aware that you might be required to disclose that there is an abandoned gas well on the property when you put it up for sale. If you aren't sure of whether or not you have to disclose this information when selling property in your state, just ask your real estate agent or lawyer from Calgem Well Abandonment for advice.
