East Coyote Field oilwell "Stern Realty 18"

This well is operated by Breitburn Energy Co. LP, one of the main operators in the East coyote field. The east coyote field is located in Fullerton, CA. This well is a Lufkin conventional mark I and it's API# 05904999. This well produced the marginal amount of 793 bbl/year in 2008. This well is a very low producer. This well is located straight ahead when you come in the main gate. No trespassing.

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[albusmackinficker]

I'm amazed that such low producing wells keep running. Any idea what it costs to run and maintain a typical well? They can't be making much profit on something like this. I've noticed there are a lot of low producing wells in the Richfield oilfield, too -- some are doing less than 300bbl/year. I almost think that the operators of those kinds of wells are keeping them going at a loss just so they can say "I own some oil wells!" lol.

[RainJetSprinklers]

Lol probably. My only guess is, is that Breitburn is waiting for this well to stop producing, after that it will probably put to idle or plugged. I think the average workover costs a couple grand and is probably not worth it for this well, the oil simply isn't down there i'd imagine. I wonder what this is drilled at? Probably somewhere in the 2,900 ft. range. Right behind me in this video was another well that was not operating when I rode up.

[californiacrude]

It depends on if the well owner owns the property or leases it. If it is a lease the well owner is obligated to produce it or it will violate the terms of the lease. If he owns the property, the well can stay idle for 4 years, then the state will declare it an idle well and the owner will have to do expensive "idle well testing"

[albusmackinficker]

I can see why abandoning would be expensive, but can't an operator idle a low-producing well? Or are there hidden costs to keeping a well idle, too?

[californiacrude]

The main problem is when oil wells decline to such a low production, it costs so much to abandon, plug and clean the property, that the operator will continue to produce the well until an opportunity such as developing the property or a sale package to include good producers with the low producers so the next company can deal with the abandonment.

[californiacrude]

some wells can make a profit at 1bbl per day if they stay on production for 10 plus years without the need of a rig or other expensive overhead costs. Also the price of oil plays an important factor.