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.
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.
Although every well and geological area is different, the typical useful life of a well is 15-20 years or more.
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.
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.
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.
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.
Cutter Oil has been in business for 25 years and has been a member of the Ohio Oil and Gas Association since 1983.
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.
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.
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.
Cutter Oil identifies areas of interest using the latest geological information systems and software along with historical production data gathered from surrounding wells.
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.
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.
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.
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.
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.
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.