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From drilling to producing there maybe many companies working on the well. Land is usually owned by big oil producers (Shell,Exxon,BP, etc) while the drilling,
by Zaab 13y ago
From drilling to producing there maybe many companies working on the well. Land is usually owned by big oil producers (Shell,Exxon,BP, etc) while the drilling, casing (protects the ground water), and hydraulic fracturing jobs may all be done by separate service companies.
All in all, yes these barriers should hold and safety factors are taken into consideration. But when the service company doing the casing job recommends job A that will surely hold but the land holding company wants job B which is cheaper and might fail, who's at fault when it fails?
- lowmagnet 13y agoLand is often leased from average citizens or land holding companies. Rights to minerals are leased from whomever owns them. At least that's how it works in Arkansas.