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The History of The Oil Well Pumpjack
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Bloomberg - Are you a robot?
MK Pump is giving stripper well operators a stationary way to reduce costs: the Rhino Mini-Jack, a miniaturized piston pump system designed to recover oil at rates as high as 15 barrels a day at depths to 1, feet, according to Mark Bertane, president of MK Pump. This pump has been made small enough so you are matching your production and costs to this smaller yielding well," he says. The Mini-Jack costs less not only because it is small, but also because it comes in a single package, he says. With our small package and for small wells, you can put it all together easily," Bertane claims. Our pump jack sits right on top of the wellhead, so there are no requirements for platform alignment," he adds. The Mini-Jack also costs less in the field, Bertane says.
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A stripper well or marginal well is an oil or gas well that is nearing the end of its economically useful life. In the United States a "stripper" gas well is defined by the Interstate Oil and Gas Compact Commission as one that produces 60, cubic feet 1, m 3 or less of gas per day at its maximum flow rate; the Internal Revenue Service , for tax purposes, uses a threshold of 90, cubic feet 2, m 3 per day. Oil wells are generally classified as stripper wells when they produce 10 [1] barrels per day or less for any twelve-month period.
Frank Morris. Now, oilfield supplies are scarce and expensive and there's a labor shortage. High gas prices have everyone from truckers to politicians demanding more domestic oil production. While drilling is up, oil production in this country is still down from three years ago.
