@mineralsguy: An old oil well, six weeks of work, and more than 140 invoices. Our Paul Moss No. 4 well outside Odessa was drilled in 1941 and at one point, it went 14 years without producing anything. It eventually came back, but by the time we took it over in 2024, it was limping along at about a barrel a day. We spent $422,000 to refrack it. That meant a frack company, water haulers, a service rig company, and all the other work needed to get the job done. When I talk about finding opportunity in old wells, this is the work behind it. You have to account for the people, equipment, time, and money it takes to give that well another shot. #OilAndGas #Oilfield #OilfieldServices #OilProduction #Refrac #HydraulicFracturing #WellServicing #WellIntervention #WaterHauling #OilfieldLogistics #EnergyIndustry #OilBusiness #OilAndGasInvesting #TheMineralsGuy #StevenHatcher

Steven Hatcher | Minerals Guy

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Monday 09 November 2026 14:52:24 GMT