Inactive wells are the most under-utilized assets oil and gas operators possess. We help our clients capitalize on these assets and maintain regulatory compliance.

Suspended or inactive wells are defined as those which have never been completed, and those where no production or injection has taken place in the previous 12 months. On average, inactive wells account for 20 percent of the industry’s total well count.

We help our clients capitalize on these assets by providing:
• suspended wellfile reviews for compliance assessments
• engineering evaluations for by-passed pay
• regulatory applications and reporting
• development of suspension programs and cost estimates
• well site compliance inspections
• ongoing project management to ensure continued compliance

Lionhead has made available to industry the first commercial software to address regulatory compliance issues for wells and pipelines. The Lion's Den© is a web-based tool that captures critical well and pipeline information, allowing our clients to make informed business decisions regarding their inactive assets. A key feature of the Lion's Den© is that it allows our clients to proactively manage compliance issues that need to be addressed before they are penalized with regulatory enforcement measures

 

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