01 / MARGINAL WELL ECONOMICS
Wells that are measured produce longer.
A stripper well dies of neglect more often than depletion. Pressure, temperature, and casing condition observed monthly instead of never is the difference between a workover and an abandonment. Extending economic life keeps a well producing rather than becoming a plugging liability carried by the state. That is conservation of resource, and it happens to be the cheapest barrel on the lease.
