How long does it take to drill a well?
It typically takes Cutter Oil Company 5-7 days for the drilling process to be complete
and is largely determined by the depth of the well being drilled.
Can I have a well on my property?
If your property is positioned on a viable oil and gas formation and all State requirements
for positioning of the well can be met, then the answer most likely
is yes. Cutter Oil can review the geological data along with your property information
to give you a better idea of the likelihood of having a well on your property.
How long does a well last?
Although every well and geological area is different, the typical useful life of
a well is 15-20 years or more.
How much can I expect to receive in royalty payments?
This figure will vary a great deal as it is dependent upon the geological data specific
to each location, as well as the amount of land you own. Cutter Oil can perform
an initial analysis that will aid in determining the likely production and life
of a well.
How is the well site determined?
The location of the well must be 50 feet from public roads, 100 feet from any occupied
building, and at least 300 feet from any property line. Other factors used in determining
the location of a well are the geological formation, access points, and distances
from other wells. Cutter Oil will always work with the landowner to aid in determining
the well site and placement of well equipment.
How much noise will there be during the drilling process?
The noise level produced during the drilling process is approximately 90 decibels
within the immediate vicinity of the drilling rig. This level decreases to 80 db
at 100 feet and to 70 at 300 feet. Click here to review other sounds levels produced
during the oil and gas production process.
How deep are the wells drilled in Ohio?
Most of the wells drilled in Ohio today are targeting the Clinton Formation, which
are typically 3000 to 4500 feet deep depending on the geographical location.
How long has Cutter Oil been in the Oil and Gas business?
Cutter Oil has been in business for 25 years and has been a member of the Ohio Oil
and Gas Association since 1983.
Will the well have any effect on my water well?
Drilling an oil and gas well should have no affect on any property owner’s water
well. Cutter Oil performs water tests to ensure there are no problems within any
water wells before the drilling begins and also performs follow up tests if there
are suspected issues from the drilling process. State regulations require that water
standards be maintained.
How will the well affect my heating bill?
The property owner where an oil and gas well is located receives 250 MCF of natural
gas per year and receives the option to purchase additional gas at well head prices
if required. This can substantially reduce the property owner’s heating bill.
How large is a typical well site?
The average size of a well site is approximately 100 ft by 100 ft and in some cases
can be 150 ft by 150 ft during the initial drilling process. Upon completion the
tank battery and meter run average 25 ft by 40 ft and if there is a pump jack it
will average 12ft by 20ft.
How does Cutter Oil identify drilling locations?
Cutter Oil identifies areas of interest using the latest geological information
systems and software along with historical production data gathered from surrounding
wells.
Will I still be able to sell my property?
Property owners are not restricted in any way of selling their property with an
oil well. Property owners also have the option to keep the mineral rights on the
property when it is sold.
How long does a lease last?
The term of the lease prior to the well being drilled is stated within the lease
agreement. After the well is drilled, the lease is held by the drilling company
as long as the well is in production.
How will the landowner royalties be divided?
The landowner royalties are divided based on the percentage of land each landowner
has in a well unit. If there is only one landowner who owns the entire acreage,
they will receive the full 12.5% of landowner royalties.
Is it safe for the environment?
The Ohio Department of Natural Resources oversees the entire drilling and production
of oil and gas wells to ensure that all rules and regulations are met. Cutter Oil
takes great care to ensure that there are no permanent, harmful effects on the environment.
After the lease is acquired, how long before drilling commences?
The amount of time between the signing of the lease and the drilling process can
vary. In 2007, Cutter Oil has signed 22 leases to date, and has already drilled
6 of those wells with 6 more planned. All remaining leases are planned to be drilled
in 2008.
How long does it take for the drilling process through landscaping
processes to be completed?
The weather plays a role in the drilling and reclamation process. After the drilling
has commenced, the final landscaping should be completed within 60-90 days.
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