Quote:
Originally Posted by Retired_in_Texas
I was wondering a bit of the same. Given the era, I'll suggest there are still pipes running all over the place to collector lines. Ran into a bunch of old pipes in South Central Kentucky in 1960 when we were drilling there that were left over from 1927. A more interesting aspect of those old L.A. area fields may be they probably only managed to pump less than 50% of the oil that could be pumped today given vast changes in technology and the fact those were all probably very shallow wells. About the only thing that would prevent more recovery would be if what is remaining has the viscosity of the La Brea Tar pits. Of course drilling that area is risky at best given the geological instability of the area. And then there is the risk of loosing investment from a shift. Typical well today runs $4-6 million to complete.
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Very interesting RIT...I suppose one day, if the price of oil gets high enough the fracking trucks will show up!
Cheers,Pat