Oil Well Information

Written by Tara Peris
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Oil well information is available in abundance these days, but there is no need to be overwhelmed by it. This is, of course, easier said than done, given the myriad Internet, newspaper, and textbook resources devoted to the subject. However, if you are an investor interested in learning more about the potential for oil in a given area, it is often best to begin by searching a website devoted to that region's natural resources.

Often, these types of sites will be state-run and will reflect statistics compiled by the Department of Natural Resources. Even better is a page devoted to mineral resources, as it may have specific details on oil, gas, and coal energy potentials in various parts of the state. Valuable oil well information can in turn be gleaned from these facts.

Using a State Database for Oil Well Information

In many cases, a state-run web site will have a database that permits you to look up your desired statistic by permit number or by county. The beauty of these sites is that they are very user-friendly and often include tips on maximizing your search and optimizing your query terms. Thus, you have the best possible chance of finding the oil well information you need to make an informed decision about the energy potential in a given area.

Much of the information you will draw on relates to zoning permits, well completion, and production rates. Between these three areas, one should be able to get a broad sense of the strengths and weaknesses of a particular target site before making a decision about buying into a partnership or initiating exploratory drilling. Consequently, it may indeed be possible to develop a foundation of knowledge from one carefully selected informational source.


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