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The sucker rod pump lifts the oil from the reservoir through the well to the surface. Usually pumping about 20 times a minute, the pumping units are powered electronically or via gas engine ...
Before that, oil producers were limited to using the natural pressure of oil reservoirs or pumps to extract oil. Those processes left a lot behind. “I mean, general rule of thumb, we’re lucky ...
“If you pump oil out of it, then we tax it as an oil reservoir and we’re making money, right? But if you’re an oil company and you’re now going to use your land for something el ...
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