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No. Not in this environment with the enormous inventories of oil and natural gas we have, and our weak economy. Prices are very volatile, and right now they are relatively high for the inventory we have on hand. And with a working interest, which is probably what you would have, all the expenses have to be paid before you get paid. If its a royalty interest it would be a better idea.
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∙ 8y ago
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Good things about drilling for oil and natuarl gas?
Cheaper petrol and gas,
How is drilling for natural gas different from drilling for oil?
Drilling for natural gas is similar to drilling for oil, but gas must be liquefied before it can be shipped.
What has the author Brandon C Nuttall written?
Brandon C. Nuttall has written: 'Oil and gas drilling activity summary for Kentucky, 1989' -- subject(s): Statistics, Oil well drilling, Gas well drilling 'Oil and gas drilling activity summary for Kentucky, 1988' -- subject(s): Statistics, Oil well drilling, Gas well drilling
What is the NAICS for drilling oil and gas wells?
NAICS Code(s) 213111 (Drilling Oil and Gas Wells)
What has the author W A Armfield written?
W. A. Armfield has written: 'How to sell oil and gas drilling programs successfully' -- subject(s): Investments, Natural gas, Petroleum industry and trade
Is the oil and gas drilling industry growing?
It generally depends on the price of oil and natural gas. When the price of oil/gas gets high, drilling for oil/gas generally increases thereafter. Oil and gas drilling has been growing in areas such as the northeast United States because of new discoveries and technology regarding shale gas.
What has the author John Orban written?
John Orban has written: 'Let's talk an oil deal' -- subject(s): Dictionaries, Petroleum industry and trade, Petroleum engineering 'Money in the ground' -- subject(s): Finance, Oil well drilling, Gas industry, Petroleum industry and trade, Investments, Gas well drilling
What has the author Katherine Gillman written?
Katherine Gillman has written: 'Oil and gas in coastal lands and waters' -- subject(s): Continental shelf, Environmental aspects of Gas well drilling, Environmental aspects of Offshore oil well drilling, Gas well drilling, Natural gas in submerged lands, Offshore oil well drilling, Petroleum in submerged lands
Is oil drilling good for the environment?
NO
What metal is used in drill bits for oil and gas drilling?
Tungsten is a major component in those drilling bits.
What is continuous phase of drilling fluid?
sometimes when we are drilling we need to use drilling fluid which are mixture of two phase like oil and gas or water and oil. In such case the fluid which is running outside is known as continuous phase of drilling fluid.
What does HSI stand for in the drilling industry?
In the field of oil/gas drilling, it refers to hydraulic horsepower per square inch.
