Stripper Oil Wells in Nebraska
The Interstate Oil and Gas Compact Commission (IOGCC) defines stripper wells as those wells producing 10 barrels of oil or less per day. Stripper oil wells produce marginal oil which is oil produced from wells that operate on the lower edge of profitability. Nebraska had 1,423 stripper oil wells in 2003 (0.4% of the nation's 393,463 stripper wells). Shown in the table below, these 1,423 stripper wells produced 1,651,923 barrels of oil or 60% of Nebraska's oil production. While each individual well in Nebraska contributed only a small amount of oil (3.18 barrels a day, on average), combined with the rest of the nation, stripper well production was more than 313 million barrels of oil (or 15% of the over two billion barrels of oil produced in the United States).
Stripper Oil Wells in Nebraska, 1970-2003
Percent of Total
Sources: "Marginal Oil and Gas: Fuel for Economic Growth." Interstate Oil and Gas Compact Commission, Oklahoma City, OK. Nebraska Energy Office, Lincoln, NE.
Notes: The number of wells is estimated for 1997. NA = no data available.
This table was updated on February 17, 2005. Typically, there is one year between updates.