O&G Logging Question, page-2

Hi Road2Richers,

In my experience, companies that reach TD without getting the results expected pack up and move on ASAP. You have to remember that wells cost between $500k to a million dollars a day, so if there is nothing there... they don't waste time 'hanging around'... if they drill and there is nothing there, then they usually have nothing to test (at the very most they might keep some Core Mud / Log samples to better interpret the geology of an area).

The fact that FAR are STILL onsite to me, is a good sign. In saying that - nothing is guaranteed. They might have found oil but bad quality oil, or not enough oil.

In saying this, if you look at other company's that have drilled wells, if they reach TD and there is nothing there then BAM they are out of there and issue a plugged and abandoned notice.