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 1,450 stripper oil wells in 2004 (0.4 percent of the nation's 397,362 stripper wells). Shown in the table below, these 1,450 stripper wells produced 1,654,195 barrels of oil or 66 percent of Nebraska's oil production. While each individual well in Nebraska contributed only a small amount of oil (3.12 barrels a day, on average), combined with the rest of the nation, stripper well production was nearly 311 million barrels of oil (or 16 percent of the nearly two billion barrels of oil produced in the United States).
Stripper Oil Wells in Nebraska, 1970-2004
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 March 20, 2006. Typically, there is one year between updates.