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NSWA Mission Statement

It is the belief of NSWA that producers and operators of marginally producing wells have a unique set of needs and concerns regarding federal legislation and regulation. NSWA’s sole responsibility is advocacy on behalf of these small producers.
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Small producers adjusting to oil prices

Somerlyn Cothran
NSWA Executive Director

There’s been a lot of talk lately about how the prices of oil are affecting production in the massive U.S. shale plays. While a lot of analysts disagree on how low oil prices must go before shale oil production becomes unprofitable, not too many people are talking about the mom-and-pop producers.

Stripper well producers are resilient. Many “long-timers” I know have watched fluctuations in oil prices many times, and adapted, by becoming experts in keeping costs low. You know, as well as I do, that prices will have to drop significantly and stay depressed for a prolonged period before stripper well producers cut back on production or shut-in wells. Of course, as wells go down for mechanical reasons, they might not be put back on as quickly. [more]


 

Percentage Depletion Calculators

If you STILL don't know exactly what percentage depletion means to you, download one of our Percentage Depletion Calculators and take it to your accountant.

NSWA Percentage Depletion Worksheet

Percentage Depletion vs. Cost Depletion Calculator (property by property basis)

 

IOGCC Marginal Well Report Now Available!

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2012 Marginal Well Report
For nearly 80 years, the Interstate Oil and Gas Compact Commission (IOGCC) has championed the preservation of this country’s low-volume, marginal wells and documented their production. The IOGCC recognizes that it goes to the heart of conservation values to do all that is possible to productively recover the scarce oil and natural gas resources marginal wells produce.

In addition to supplying much-needed energy, marginal wells are important to communities across the country, providing jobs and driving economic activity. Today, as the nation ponders the solution to its energy challenges, the commission continues to tell the story of how tiny producing wells can collectively contribute to a sound energy and economic future.