All wells are first drilled wells. Why they are drilled, where they are drilled is another issue completely.You're a dummy with always lots to say with rarely any substance.no one said anything extreme like that.
strawman.
Yeah that's right. Run away from your claim that a Repub pres would drill more now that idea has been shown as ridiculous.
This post is monumentally mega stupid.
Go back and read the thread.
What's the break even price for developing new wells?
The oil companies don't "develop wells".
They drill them.
They drill wells intended for oil production. Gas production. And for water injection sites.
Well drilling is going on all over N. America right now. Not for oil/gas production per se.
Many many wells are simply drilled and capped for later use.
Dannyboy, the oil companies have things called a development stage and during that stage the wells are actually called development well. The development stage is the most expensive stage of getting to the oil and getting it up to the surface.
investopedia.com/terms/d/development-well.asp
oilandgasmps.org/resources/development.php
There are many other reasons to drill wells than for "development". Some reasons are frankly above your ability to understand.
YOU referred to 'wells' as "development wells". I called you on not really knowing what you were talking about.
BTW I worked for years in the oil and gas industry from roughneck in my teens up to a water-flood engineer in the KSA working in data processing.