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318-995-0404 |  |
bdgroil@bellsouth.net |
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PO Box 458 Oil City Louisiana USA 71061 |
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Headquartered in Oil City, Louisiana, Black Dragon is in the business of enhancing the productive output of crude oil and natural gas in mature, marginal stripper wells, a well whose production has slowed to 1/2 bbls of crude oil per day or less.
There are over 400,000 crude oil stripper wells in the United States, which produce nearly 1 million bbls of crude per day. Not all mature wells are producing; many have been abandoned and plugged, due to lower market prices for crude oil in the 1980s.
There are approximately more than 245,000 natural gas stripper wells in the U.S. A stripper gas well is defined as one that produces 60,000 cubic feet or less of natural gas per day.
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