ELI5: When oil drillers create a well, the basins extend…
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ELI5: When oil drillers create a well, the basins extend far beyond their whatever land claim they have. Doesn't that mean they're stealing from other land claims?
I don't know if I'm using the right terms correctly, but obviously oil basins don't recognize whatever dividing lines we setup above ground. If most of it is pressure based, if there's a neighboring claim, wouldn't me sucking out oil in my land cause oil from the neighboring claim to keep "pouring" into my area?
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I don't know if I'm using the right terms correctly, but obviously oil basins don't recognize whatever dividing lines we setup above ground. If most of it is pressure based, if there's a neighboring claim, wouldn't me sucking out oil in my land cause oil from the neighboring claim to keep "pouring" into my area?
#education
source
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