Guide to Different Types Of Wells Used By Oil & Gas Companies
https://www.valuethemarkets.com/analysis/back-to-basics-a-guide-to-the-different-types-of-wells-used-by-oil-gas-companies
Before DrillingTypes of Oil WellsExploration WellAppraisal WellDevelopment WellT Often referred to as 'wildcat wells,' exploration wells represent the first stage of a company's drilling efforts. These tend to be the highest-risk wells in terms of failure versus success. While the rewards can be huge, the number of wildcat wells that lead to commercial discoveries can be fewer than 1 in 15. Wildcat wells are usually drilled to ...
Often referred to as 'wildcat wells,' exploration wells represent the first stage of a company's drilling efforts. These tend to be the highest-risk wells in terms of failure versus success. While the rewards can be huge, the number of wildcat wells that lead to commercial discoveries can be fewer than 1 in 15. Wildcat wells are usually drilled to ...
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