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  #13 (permalink)  
Old 08-04-2008, 11:44 AM
392cobra's Avatar
6th Generation Texan
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Join Date: Feb 2002
Location: Devil's Backbone,RR 32, TX
Cobra Make, Engine: Lone Star Classics #240,Candy Apple Red,Keith Craft 418w - 602 HP,584 TQ
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I don't know if the people that are going on about the 68 million acres really understand the oil business or not. From all the people I have ever talked to,very few have the slightest clue as to how the discovery phase of oil fields take place.
I spent a lot of time managing Seismic Survey Ships that do the Geophysical Surveys.
People in this line of business are referred to as Doodlebuggers.

I found an article that does a good job of explaining the process.
You'll see that going out drilling holes on just a trial an error basis just doesn't happen.I think this is what too many people thinks happens.

http://science.howstuffworks.com/oil-drilling.htm
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