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

From ESER oil and gas

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