A stripper well may cost between $ 10 to $ 30 per barrel to operate, averaging $ 2, 000 per month.
12.
The workers and concrete trucks share the mesa's barren top with a few pumps on stripper wells and clumps of puzzled-looking Black Angus cattle.
13.
It gives the energy secretary discretion to buy oil at $ 15 a barrel from small stripper wells when world prices go below that level.
14.
Pitts said " a stripper well that is plugged is gone forever, because it would cost too much to go back and re-drill it ."
15.
He subsequently served as the president of the National Stripper Well Association, the Texas Mid-Continent Oil and Gas Association, and the Mid-Continent Oil and Gas Association.
16.
This included the use of used vehicles for the fixed route until the first new buses were bought with Stripper Well funds match and UMTA funds in 1988.
17.
That was little consolation, however, since most stripper well operators sell at the " spot " price, which tends to trail futures prices by $ 3 a barrel or so.
18.
"It's pretty ugly out here, " said Marshall Watson, an independent producer, who recently laid off six of his eight employees and shut in half of his 150 stripper wells.
19.
"If prices keep falling, independents would have to close a lot of the stripper wells because they aren't economical to operate, " said Frank Pitts of Dallas, dean of Texas'independent oilmen.
20.
But 80 percent of operating wells in the United States are stripper wells, according to the independents trade group, a sign of the advanced age and declining volume of American onshore oil reserves.
