M
Services, Inc. Achieves High Production Levels
The company achieved a take rate of almost 100%. Located at 401 West Leuda Fort Worth TX 76104, the oil-wells (MCF) reported monthly casinghead gas limits (MCF) for the Dist Field and operator LSE number.
Understanding Casinghead Gas
Casinghead gas is a type of natural gas that is produced along with crude oil. It’s a valuable resource, and oil companies strive to capture as much of it as possible. The term “take” refers to the amount of casinghead gas that is actually captured and used. Achieving a high take rate, as Services, Inc. has done, means they’re maximizing the value of their operations and minimizing potential waste.
The gas limit is an important factor in oil production. It’s the maximum amount of gas that can be safely produced from a well. This limit helps to ensure the well’s stability and prevent potential environmental issues. By accurately reporting the monthly gas limits, the company demonstrates responsible and efficient operations.
The Dist Field likely refers to the distribution field, the network of pipelines and facilities that transport the extracted oil and gas. The LSE number (which might stand for “Lease” or something similar) indicates the specific well or lease from which the gas is being produced.
Overall, this excerpt provides a glimpse into a company’s successful efforts to capture a valuable resource. By effectively managing their operations and respecting environmental limits, they’re contributing to the overall sustainability of the oil and gas industry.
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