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Day 2 of Drilling a New Oil Well.Oil, Gas, Oil and Gas, Drilling, Oil and Gas Drilling, Oil and Gas Exploration, Seismic, 3-D Seismic, Seismic Exploration, Investing, Investments, Exploration, Oil and Gas Investing, Oil and Gas Investments, Investing in Oil and Gas, Investing in Oil and Gas Book, Mike May, Oil and Gas Investor, Wells, 3-D, geophone…
 
Day 1 of drilling a new oil well. Oil, Gas, Oil and Gas, Drilling, Oil and Gas Drilling, Oil and Gas Exploration, Seismic, 3-D Seismic, Seismic Exploration, Investing, Investments, Exploration, Oil and Gas Investing, Oil and Gas Investments, Investing in Oil and Gas, Investing in Oil and Gas Book, Mike May, Oil and Gas Investor, Wells, 3-D, geophon…
 
Mike takes a fresh look at Mud Logging procedures on a drilling rig -especially the methods of collecting cutting samples.After explaining what Mud Logging is and why we do it, Mike breaks down the steps, challenges some industry norms, and makes recommendations to improve Mud Logging results.Mud logging is recovering drill cuttings at the surface …
 
Mike discusses the methods of Formation Evaluation that he may use to assess the commercial capacity of a well he will be drilling soon. These methods include Mud Logging, Open Hole Wireline Logging, Formation Fluid Sampling, Drill Stem Testing (DST), and Coring.www.investinginoilandgas.comDi Mike May
 
We received a drilling permit to drill our oil. In Texas, the oil and gas industry is regulated by the Texas Railroad Commission. Whenever you want to drill a well, you apply to the Texas Railroad Commission and fill out what's called a Form W-1 and the title of the form is Railroad Commission of Texas Oil and Gas Division Application for Permit to…
 
Mike talks about the casing design for an oil well he is going to drill soon. Casing is the permanent pipe that is placed in a well immediately after it is drilled. Mike discusses how he designs the casing to account for potential collapse from outside pressure, burst from internal pressure, or failure in tension. Mike also discusses the smaller to…
 
Mike talks about the phenomenon of "side swipe" in old 2-D seismic data. Mike has located a 50-acre structure in 3-D seismic data that he recently shot. There are two dry holes near the 50-acre structure that did not penetrate the structure. But they were very close! Mike suspects that those two dry holes were drilled on 2-D seismic shot by a previ…
 
Mike talks about preparing a drilling prognosis for an oil well he is about to drill in the next 60 days. A drilling prognosis is a written step-by-step plan for drilling and completing a well. The entire plan is executed within a matter of weeks.www.investinginoilandgas.comDi Mike May
 
Mike just staked a location in the field this week where he will be drilling an oil well in the next 60 days. Mike talks about staking the location and getting a plat from the Surveyor. Then he talks about planing to drill the well by writing a drilling prognosis which is a document that contains all of the details and step-by-step instructions for…
 
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