Marginal wells?

[wlka]

Hi, I'm just an offshore oil & gas platform process technician. I'd appreciate to gain knowledge from you guys. So, my first question - what well is refered to "marginal well"?

Thanks

 

[Fairclough]

Marginal well:
A well that produces a low volumes of oil. You take the volume, multiply it by the price of oil and compare it to the cost of producing that particular well. (pumping costs, maintenance, repairs, royalties, personnel, insurance, cost of water treatment and corrosion inhibitors, etc.. etc...)
A marginal well is one that is barely making a profit.
It changes daily as the price of oil changes.

AF