Find It, Drill It, Produce It, Sell It: The phases of an oil and gas project

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  1. Review prospect data
  2. Prepare geology and maps
  3. Check courthouse for clear title
  4. Negotiate with mineral owners for the lease
  5. Confirm title on lease
  6. Purchase lease
  7. Secure service contracts
  8. Obtain regulatory permits
  9. Stake location
  10. Prepare location
  11. Commence drilling
  12. Run casing and cement in place
  13. Re-commence drilling and logging
  14. Set pipe
  15. Treat well
  16. Fracture-stimulate well, if needed
  17. Run flow tests
  18. Lay gas gathering lines and/or set tanks
  19. Set production facilities
  20. Pay surface damages
  21. File paperwork with government agencies
  22. Begin oil and gas sales
  23. Bring abstracts up to date
  24. Attorney prepares division order/title opinion
  25. Forward title opinion to oil/gas purchaser
  26. Purchase prepares division order
  27. Division order mailed to E&P Company
  28. E&P company signs division order and returns it to the purchaser
  29. Purchase schedules for payment
  30. E&P company receives payment from purchaser and deducts expenses
  31. Payment to partners
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