$40k Hiccup on the New Lease Injection Well

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  • Опубліковано 10 гру 2024

КОМЕНТАРІ • 149

  • @jamestamu83
    @jamestamu83 6 днів тому +3

    This channel should be mandatory viewing for all young people (and college petrochemical undergrads) interested in going into the oil industry! So informative and interesting, and shows you the reality of the oil patch. Great videos - keep them coming!! I worked for a major oil company in the 1990's, and I wish that YT and this channel existed then.

  • @edkeniston4786
    @edkeniston4786 Місяць тому +33

    “You can buy a lot of headaches for a little bit of money”. You obviously understand business, keep educating the uninformed, we enjoy it. Thanks.

  • @Miner-49
    @Miner-49 Місяць тому +22

    Glad you covered the topic of “future” money.
    People looked at me like I had four heads when I would say “it took me two million dollars to make my first million dollars”.

  • @danmartin9558
    @danmartin9558 Місяць тому +21

    Appreciate you doing a nut to bolt process to give us insight on oil field operation

  • @matthewmcdaniel8846
    @matthewmcdaniel8846 Місяць тому +21

    Great job explaining to folks worried about us oil field guys polluting fresh water zones thank ya brother

    • @manatee419
      @manatee419 Місяць тому

      Do you ever get on to the county's That lets they're sewers run into the rivers or inject into the water system. Or big corporations that hurt our environment. You need to watch real estate mindset and watch Mitch talk about the local authority corruption in taxes.

  • @Jdigger4130
    @Jdigger4130 Місяць тому +16

    Shirts perfect for the video drop dude! I watch ya religiously and will prob never explore fer oil but I CANNOT GET ENOUGH MAN!!!! Please never stop posting man! Cheers from Santa Cruz CA

  • @HomesteaderJake
    @HomesteaderJake Місяць тому +3

    Great to see an operator who does extra steps to keep the integrity of the well. Not all do but this man is honest and deserves everything he has. Great job can’t wait to see you strike oil with that new rig, cheers from an utah oilfield hand!

  • @drummer2816
    @drummer2816 Місяць тому +9

    Thank you for that. People do not understand the piles of crap we go through to make these leases go.

  • @flyboy6876
    @flyboy6876 Місяць тому +8

    I understand you completely, course I am a drilling engineer did it for 45 years. Running a lease for a while cured me of that

  • @hughezzell10000
    @hughezzell10000 Місяць тому +7

    The point I want to make about your gamble is the benefit you represent to the community out there by buying goods and services to make your lease work. You help others significantly while all the time you're working on that future return for yourself. That's what America is all about - people like you making it work for lots of others.

  • @johnwetmore1527
    @johnwetmore1527 Місяць тому +6

    I watch many similar channels but nobody else has the wide range of talent that you do. Your multiple skills is something that I identify with as I have been doing many kinds of work all of my life and always opt for buying tools and learning skills over hiring things done. I think the proper word for the way we live is vertical integration.

    • @royb.1441
      @royb.1441 Місяць тому +2

      Next time someone asks me what Im doing under the hood of my truck, I'm gonna to tell them "I'm vertically integrating" as if they should already know that. Lol

    • @lciummo1
      @lciummo1 Місяць тому

      You need one of those big boom trucks for vertical integration. The bigger the better.

  • @monk43012
    @monk43012 День тому

    Great video. Thanks for all of the explnations. It really helps us "no oil" people understand the workings on a oil lease.

  • @richardlincoln8438
    @richardlincoln8438 Місяць тому +7

    I think you did a good job explaining the journey You have taken on Your new lease so far Zach. Your best line was
    " they think they're going to flip a switch and make money " . I've been in and around the drilling business since the early '70's.
    My Step Father was a drilling contractor so i know my arse from a hole in the ground.
    What You are doing a wonderful job of is teaching me
    lease operator/roust-about. I'm looking forward to more on your completion rig and the mud pump. My favorite day to find something else to do was when it was time to change valve seats and liners in the pumps.
    Thanks again and Best Wishes to You, Your Family and Friends.

  • @stevemiller6766
    @stevemiller6766 28 днів тому +1

    Thank you for sharing the behind the scene action of a small oil operation. I find this video and your other ones facinating. I could see myself doing this, kinda late now at 69 years old though.
    Thank you for taking us along!

    • @mcg404
      @mcg404 21 день тому

      69 here too. my wife asks why i watch these videos and i tell her i'm studying up for when i start my oil well servicing business. it ain't gonna happen but a boy can dream, can't he?

  • @diesellivesmatter
    @diesellivesmatter Місяць тому +2

    Zach I took a job as a company man and my first project created was a take over an abandoned swd with cemented in 2 7/8 plastic lined tubing. 20k later we have a disposal and can turn on a 5 bbl day well.

  • @garrison3675
    @garrison3675 Місяць тому +3

    Long story short, Zach ... to add to your message - it takes money to make money - you have a genuine oil business with a whole lot more production than what you might get from the lease in this video ... with skill and a dash of good luck you can make something - maybe, a lot more "something" out of this lease ... looking forward staying up to date on developing this down the road and to see that drilling rig you are refreshing and updating go to work for you! Keep on drilling for that Texas Crude !

  • @wornoutwrench8128
    @wornoutwrench8128 Місяць тому +9

    i'm a retired BC Logger. We have a saying.
    How to make a million dollars.
    Start with two million and go logging.
    Sounds a bit similar.
    😜

  • @ET_Don
    @ET_Don Місяць тому +4

    Your explanations are quite clear to me. Thanks for another great video. Having worked with SCADA associated with Light Rail myself, I am looking forward to more of your SCADA videos.

  • @Razzleberry82
    @Razzleberry82 День тому

    Thanks for sharing this. I worked offshore and on workover rig and I loved the work although it was hard work. I’m an electrician by trade learned from my dad originally but I still love the oil patch. Had lots of fun but the cold rain sucked 😂😂

  • @catman5546
    @catman5546 28 днів тому

    Thanks for the video!! Plugging wells and rusty drill pipe are the most depressing site for driller and oilmen but environmentalists can’t understand it !!Driving back for the last time to the lay down yard it tuff for a true oil hand ! Thanks for reworking these well and showing people you can rework wells !!!

  • @Brad.whatthe
    @Brad.whatthe Місяць тому +10

    When a businessman says theirs no money in this or that, there’s usually a ton to be made, so I’m going out and getting me a half dozen wells sitting back and raking it in 😒

  • @Enigmah88
    @Enigmah88 Місяць тому +3

    Hell of a video to explain a liner install. Haha, keep em up.

  • @budc865
    @budc865 Місяць тому +2

    Outstanding presentation, Zach. I’ve worked around these types of leases and have friends who own them. It’s like any other business; it’s a long-term commitment. Occasionally, you’ll get that one that exceeds expectations.
    Thanks again!

  • @AFellowBrother
    @AFellowBrother 27 днів тому +1

    Great job explaining to us folks Thank you Zach!!! #GoedWerk #NL

  • @RustyorBroken
    @RustyorBroken Місяць тому +8

    A wireline was used as the prop in the movie Waterworld when the Mariner took the diving bell to the bottom.

    • @W8iHav2P
      @W8iHav2P Місяць тому +2

      I knew that thing looked vaguely familiar...

    • @cl4998
      @cl4998 Місяць тому +1

      Interesting! That is a great movie.

  • @paulm749
    @paulm749 Місяць тому +3

    That's good information, Zach. Really puts it all in perspective.

  • @stanleykendziorski7964
    @stanleykendziorski7964 Місяць тому +4

    Kinda awesome, I just did something similar to this in north Dakota, almost the same process, just a little bit different because of the formation being so much deeper.. keep up the great videos!

  • @bigunone
    @bigunone Місяць тому +4

    Great job on the explanation

  • @stdorn
    @stdorn Місяць тому +8

    i like your shirt!

  • @royb.1441
    @royb.1441 Місяць тому

    That ain't just advice for the oil field, it's advice for life. You can apply what you just said to anything you wish to one day have. Excellent video Zach.

  • @dimbag1
    @dimbag1 Місяць тому +3

    Great video.

  • @rosco4659
    @rosco4659 Місяць тому +5

    Awesome T-Shirt bud, hello from the UK.

  • @lukevagg4166
    @lukevagg4166 Місяць тому +3

    Another great video. Really enjoying your content. Thanks.

  • @CaptCrunch106
    @CaptCrunch106 29 днів тому

    Thank you for sharing your hard work! Sometimes it’s hard to sense the value of all the sweat and blood as working men that we put into the earth we live upon… but the wisdom you are sharing with humanity is the true treasure.

  • @elijahjones8855
    @elijahjones8855 Місяць тому +3

    Hello, been watching for a while. Thank you for sharing your knowledge on oil wells.

  • @noseeum6385
    @noseeum6385 Місяць тому

    Thanks. I thoroughly enjoy you educating me on what you do and how you do it. As they say, “ the devil is in the details” and you certainly provide the details.

  • @adamcarfield7201
    @adamcarfield7201 Місяць тому +2

    Love the videos brother been wondering about yall haven't seen a video in a minute

  • @arnaldogonzalez4567
    @arnaldogonzalez4567 29 днів тому

    Thank you for all the videos you put up. I found your channel during your RV build. I’ve always been interested in the oil fields.As a truck driver I now haul crude oil in Utah,watching these videos helps me understand some of the stuff going on out here.Thank you

  • @powerman1955
    @powerman1955 Місяць тому +1

    I don't understand why, but I find this to be very interesting. Once I start watching a Zach video, I can't stop watching.

  • @BartComeau-h6b
    @BartComeau-h6b Місяць тому +2

    Awesome video, I watch em all!

  • @AnthonyStankiewicz
    @AnthonyStankiewicz Місяць тому +3

    Just don't forget we all love what you do, don't give up. 😊😊 I'm sure things don't work out the way you or I would want but don't give up 😊😊😊😊❤❤❤😊😊😊😊

  • @chetmyers7041
    @chetmyers7041 Місяць тому +1

    "Buyers Needed: Unlimited Headaches for pennies on the dollar!"

  • @FetKiller
    @FetKiller Місяць тому +1

    Videos are great ! Keep them coming the new lease looks super interesting as I sit here and relax on the couch…..

  • @Jody-kt9ev
    @Jody-kt9ev Місяць тому

    Very good video. I grew up in old oil field. This losing money on oil wells happened quite often where I grew up. However, a few became well off. This very situation may be facing the small oil company that owns the lease on our Oklahoma property. The property has two oil wells on it that were drilled in the 1980s. One has been shut off for several years now. The pump jack is still sitting there with the motor and other parts missing. Until a couple of months ago, there was an underground pump producing about 5 barrels per day on the other well. Now that has stopped. I have not heard, but am wondering if something broke, making the well more expensive to fix than the production is worth. The depth of production is between 4000 and 8000 feet in the wells, so the fix could be expensive. There is also a disposal well on the property. It is operated by a different oil company and I have no indications that anything is amiss with it.

  • @Core-vu6mc
    @Core-vu6mc Місяць тому

    Thanks Zach. Not a world I'm in but I find it fascinating to understand what you do, how you do it and what the economics of it are.

  • @warrenwatters1800
    @warrenwatters1800 26 днів тому

    Enjoy your videos a lot. The shirt made me laugh.
    Keep up the hard work!

  • @stephendinan5622
    @stephendinan5622 Місяць тому

    Love the honesty of these videos, it seems that the oil and gas industry is one big gamble and that at any point you're just one problem away from losing it all moneywise. Hard business to be in at the owner/operator level.

  • @nigelsears7191
    @nigelsears7191 Місяць тому

    great video Zach , its great to get a truthful insight into things especially when you explain it well and include all the bits and not gloss over the bad bits hope that kinda makes some sense

  • @peterparsons7141
    @peterparsons7141 Місяць тому

    It’s simple, it’s persistence and work !
    Thanks for sharing your work. I like learning, and this stuff used to be back magic!
    Have a great day !

  • @AnthonyStankiewicz
    @AnthonyStankiewicz Місяць тому +2

    Sometimes a bad idea can have a brighter side to it 😊😊😊 don't give up on trying to make it more successful 😊😊😊😊😊

  • @gregorygehrke1850
    @gregorygehrke1850 Місяць тому

    Great video, I appreciate the time you put into them

  • @kwinterburn
    @kwinterburn Місяць тому

    Fantastic video Zach , i can see how that drill rig would pay for itself very quickly , i was surprised at the electricity cost so i can see why an oil engine woukd be a good option

  • @UFPTX
    @UFPTX 27 днів тому

    Welcome to the struggle, as a sparky in with a business in the segment I feel the struggle of sending invoices for motors and other items. 😁

  • @DillonFreasierB
    @DillonFreasierB 26 днів тому

    Great video. Really enjoying the updates. Keep up the good work. Let me know if you ever want a wireline bid.

  • @scrapbmxrider16
    @scrapbmxrider16 Місяць тому

    Zack you nailed the point home on anything cheap. Gotta pay to play

  • @davesmith5914
    @davesmith5914 Місяць тому

    Thank you for taking the time to make these videos. They are interesting to watch.

  • @flyboy6876
    @flyboy6876 Місяць тому +3

    A new lease, sort of like standing by a wall and beating your head against the wall, wondering why you got into it in the first place, and finally, all things come together, and you tell yourself you're not stupid

  • @Michael-B41
    @Michael-B41 Місяць тому +1

    Thats how it is in oilfield sometimes unfortunately. i mean i have background of oilfield i grew up around it and guy either worked oilfield or stayed home and done nothing lol. first job was wrenching rods at 12 hr which back when i started that was alot. i have since stayed away from oilfield but sure takes me home to southern oklahoma. i enjoy the videos not many like this on old youtube here like this. infact i dont of any

    • @Michael-B41
      @Michael-B41 Місяць тому +1

      ihope it turns arounfd though i hate be all political and s**t but maybe trump will get our oilfield back like it was back then. one can only hope. be safe out there zach see you on next one

  • @AIM54A
    @AIM54A Місяць тому +4

    Would it be cheaper to pay someone else to dispose of the water? Or do you need that water back in the ground to move the oil towards the other wells? Great video again. Thanks for making them.

    • @joehutmacher3323
      @joehutmacher3323 Місяць тому +1

      I think the main purpose is to be able to handle the water from future production when he reworks old wells with his rig.

    • @ClayinSWVA
      @ClayinSWVA Місяць тому +2

      It's salt water, it's got to go back into the well to keep the pressure up to continue pumping. Otherwise, the wells will dry up.

  • @488ci
    @488ci Місяць тому

    Excellent information and an excellent video 👍

  • @joemiller1158
    @joemiller1158 Місяць тому

    Thanks Zach Great information

  • @richardhaywood9474
    @richardhaywood9474 29 днів тому

    The price of oil will start keeping up with inflation. Especially as the US dollar collapses, so your investment will pay off, and more people need to get into it to keep it a viable and worthwhile business. Our biggest problem in New York and Pennsylvania is the environmental activists and regulators. We would love to have injection wells here but it’s such an uphill battle that operators usually give up. Your videos are very interesting!

  • @dougrobinson1681
    @dougrobinson1681 Місяць тому +1

    Good one Zach!

  • @Dubya_D
    @Dubya_D Місяць тому +5

    If it was easy, everybody would be doing it.

  • @LunkerFishing
    @LunkerFishing Місяць тому

    The risk you describe is what every business experiences. Employees do not take the risk the business owner does and they cannot understand, when the owner guesses correctly and starts to make money, because somehow they think they deserved some of what the owner risked without taking any of that risk themselves.

  • @stevebot
    @stevebot Місяць тому

    Skimming a little off the top for maintenance time, a net zero cash flow and future potential. Sounds like business, keep the flow at least and, hey there’s always another one out there to take it off your hands, especially with it producing.

  • @Farmerscott
    @Farmerscott Місяць тому

    thank you for the real life of the oil mans way

  • @jd-ku3iw
    @jd-ku3iw Місяць тому

    Thank you for being so kind.😊

  • @AnthonyStankiewicz
    @AnthonyStankiewicz Місяць тому +1

    Swab, pressurize the well while adding sand, re-swab and give it time. Don't go shallow go deeper, way deeper. How much do I know, not much but just an idea 🤔 😅 😊😊😊😊😊

  • @jonnojamwood
    @jonnojamwood Місяць тому +2

    Cheers mate

  • @johnwsinkankas6043
    @johnwsinkankas6043 4 дні тому

    Sounds to me like this gambol could favor you...especially with modern Tech...Sounds like the 2 "deep" wells & the
    vast (?) enexplored area could show well & maybe make the gambol pay off Big !! Then again maybe I sound like
    a sucker?? As usual I will follow your progress...Keep up the good work!

  • @dustinlee8389
    @dustinlee8389 Місяць тому +1

    I really enjoy your videos Zach, Its been a few years for me since I was working in the oil patch in North Western Pennsylvania I really do miss servicing wells there's not much shallow stuff going on these days so I really enjoy watching your videos. Also I was curious what drawworks your running on your double pull rig.

  • @joshjones3408
    @joshjones3408 Місяць тому

    That was pretty much straight up...👍👍

  • @GetterDunnFeller-m6t
    @GetterDunnFeller-m6t Місяць тому

    You dun good .,,thanks for the intel , and a wild card is the price of oil . Could be a game changer if you over extend.

  • @rldoyle5705
    @rldoyle5705 Місяць тому +2

    Thanks for thought's

  • @fordbroncodave
    @fordbroncodave Місяць тому +1

    Up here in Minnesota we don't have to go that deep but I'm only after thermal properties for geothermal and good water.
    Can you make a video or cut scene of your grouters or cement pumps?

  • @AGFL83
    @AGFL83 Місяць тому +2

    Great video! Hopefully your investments today will pay tomorrow. So many people want to get rich quick and don't want to put in the work.

  • @AnthonyStankiewicz
    @AnthonyStankiewicz Місяць тому

    Don't forget about swabbing, I've come across many wells on the internet, and swabbing is one of the requirements for the operation of the well. I know that sand is used to open or keep open perforation so the oil will flow, but the sand has to be added under high pressure so it will be forced and enter the perforation s of the well. It is however possible the sand will work its way into the perforation but it has to work for a while and be under pressure
    ..😊😊😊

  • @hmrody
    @hmrody Місяць тому

    Well done... Like with any investment, many people want a quick buck, but stable success tends to be a long term thing. All the pundits talk about largely BS. The old adage of "Slow and steady wins the race" - a lot of truth. Yes, you can get lucky and win big, but running the math, it is extremely rare. When someone does, it is an opportunity for pundits to crow. Reality is different. It requires a lot of hard work, consistency and discipline. A good read is by an an author, Thomas J. Stanley, "The millionaire Next Door". While I stand on my somewhat broken apple crate and pontificate, so many people establish what I call a money pipeline and assume a lavish lifestyle or business model where it appears they are doing well. It usually involves a high level of debt. If that pipeline is interrupted, and it will happen, everything falls apart and they find themselves upside down. (Pipeline ties into oil, right? I am so damn clever...😀). Preaching to the choir as watching your videos for some time now, you are a good businessman. Best from North Alabama...

  • @Jpaydirt
    @Jpaydirt Місяць тому

    love the shirt

  • @roddraper9921
    @roddraper9921 Місяць тому

    I'd sure like to get my hands on an old engine like the one you showed beside the wire line.

  • @AnthonyStankiewicz
    @AnthonyStankiewicz Місяць тому +1

    Sand and pressure and gravity. Sand sould fall into place, re-preessurize the system, hopefully the pressure will hold past a 24 hour period or more, let it stay at pressure with sand in it and hopefully the sand will go into the perforation and keep them open. Oh and have you tested the water yet, is there any lithium detected???😊😊😊😊😊😊

  • @brianmoore5498
    @brianmoore5498 Місяць тому +2

    not a crazybad return on investment but i can see everything has to work right. i cant plunk down 50k on a cd and get near that but of course a cd doesnt have moving parts.
    can you alone claim up to 70% intangible drilling costs the first year then schedule the other 30% over 7 ?

  • @andygulick6085
    @andygulick6085 Місяць тому

    good over view

  • @chrisconnelly577
    @chrisconnelly577 Місяць тому

    Good on ya mate .. g'day from OZ

  • @socialmobie
    @socialmobie Місяць тому +1

    Zack, thanks for your clarity in this oil 🛢 business.

  • @Blazefork
    @Blazefork Місяць тому +1

    Can you acid or some other type of refurb on the remaining wells to get them to produce or is everything just played out?

  • @haroldwilkerson2026
    @haroldwilkerson2026 29 днів тому

    We drill water wells out here in Wyoming and it really sucks when you're 600 ft deep and you blow out the formation and end up dumping 5000 barrels of drill mud in about 5 minutes and no matter what you do or how much bentonite you dump down the hole you can't get it to seal off😂😂

  • @reeceedwards2509
    @reeceedwards2509 29 днів тому

    Positive waves. +x

  • @AnthonyStankiewicz
    @AnthonyStankiewicz Місяць тому +1

    P.s. check the water for lithium... if yes then you are in another ball game, lol 😆 😂 best luck to you 😊😊😊

  • @oldroscoe2590
    @oldroscoe2590 Місяць тому

    Lowe's oil field supply, sand and kitty litter.

  • @NOBOX7
    @NOBOX7 28 днів тому

    You should do some EOR work . It can get that last 30% thats stuck down the hole

  • @bannedfromtheshow8188
    @bannedfromtheshow8188 Місяць тому

    Very interesting.

  • @lkj781
    @lkj781 29 днів тому

    fascinating....

  • @smokedog123456789
    @smokedog123456789 Місяць тому +2

    Hell yeah!!!!

  • @kansasadventure1831
    @kansasadventure1831 23 дні тому

    I canr even get a .24acre lot that can't be used for anything and is surrounded by land that under contracts thats not only will out live me but prevent anything to be come of the land for $5k

  • @aaronbrown3573
    @aaronbrown3573 Місяць тому

    I'm guessing your using a smaller aggregate than would be in standard " ready mix concrete " for better flow ability. Seems like it would need much smaller aggregate to flow and seal between pipes.

  • @kevinhoffman8214
    @kevinhoffman8214 24 дні тому

    sounds like boats , the most expensive boat is a free one

  • @horatioyen256
    @horatioyen256 23 дні тому

    Hope it works out ok for you in the end

  • @AsbjrnHeid
    @AsbjrnHeid Місяць тому

    I know nothing about wells. When you ran the inner pipe/tube inside the 5 inch, and pumped the cement back up between them, how is the inner tube kept centered?
    I'm assuming the inner pipe should not touch the outer wall, as that would mean no cement in that region.
    Anyway, enjoying the videos!