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Thursday, September 18, 2008

Bradford Oil Company Featured On CNN

Stripper wells try to get more oil from ground

  • Story Highlights
  • Stripper wells are low-volume wells producing less than 10 barrels of oil per day
  • In 2006, the industry supplied 17.8 percent of America's domestic production
  • Stripper wells produce about 335 million barrels of oil each year

CNN------The story-------The Video

The political discussion about solving America's energy crisis is focused on offshore drilling and renewable energy, but scattered throughout the country are thousands of small oil wells called stripper wells.

Many of them are family owned and these small, independent operators say they could also be part of the energy solution. Forgotten about and misunderstood, many small operators say most people don't even know they exist.

"That's part of our message -- to let the public realize we are not the Exxons and the Mobils," said Fred Fesenmyer of Minard Run Oil, a Bradford, Pennsylvania, company that has been in his family for six generations. "I think we're a huge part of the solution." Read full article »

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