It would be one very weird set of laws that would send a guy to jail for using "inside information" that he gathered by driving down a public road with his eyes open!
You keep that soap, buddy. I don't want none!
Unless you have signed a very specific confidentiality agreement there is nothing to stop a person from driving by, taking pictures or asking questions. The lawyers that have reviewed our confidentiality agreement say that they are unenforcable because they are so vague. Unless we mention the specific numbers in our surface agreement there is no way they could enforce ours. We can share information with people who have an interest in our operation, an associate or an affiliate, which basically means everybody with an interest in the oil development in our area. Also, it does not cover the details of the original lease or the actual production methods used.
Unless you have signed a very specific confidentiality agreement you can take pictures, drive by, ask questions and do whatever you want to find out information. The lawyers we have had contact with say that the confidentiality agreements used by oil companies would have no chance of holding water if anybody ever tried to use one. Ours only covers the surface agreement and does not cover the details of the original lease or operations. In fact, it says that anyone with interest in our operation, an affiliate or associate may be given the information. As long as we don't mention specific numbers in the surface agreement it has been deemed unenforcable.
There is still a 25-30% oil/water cut see the last report.
Need to stop settle the tanks, call the trucks, off load. Remeber ther is still 400 Barrels a day being pumped but 300 is water. Defender will be steady soon at 125 BOD; so thats a pay-out well. We'll get 35K BBO out of her this year. This well payback will be 3 years in the making.
goldie, it is my understanding from a friend in the biz that the wells only operate during set hours, and that it is contractual with the landowner.
cowboy or dlotto or andy can verify or shoot me down on this.