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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. The controlling element in this case focused upon by the Second Circuit was whether the operations were “commenced with reasonable expectation of discovering and producing minerals in paying quantities” at the location and depth chosen.

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Crude Oil Investing: A Guide for Accredited Investors

Aresco

Long-Term Passive Income: Once a well is producing, it can potentially generate cash flow for many years, or even for a decade or two in some cases, offering investors the opportunity to establish a long-term passive income stream. Dry holeswhere no commercially viable oil or gas is foundare a real possibility.