Facebook Twitter Instagram
    • Personalities/Staff
    • Jobs
    • Calendar
    • Keeping it Local
    • Contest Rules
    • Contact Us
    • Login
    RSS Facebook Twitter
    News Radio KMAN
    ESB's Managing Your Money
    • Local/State News
      • Manhattan
      • Riley County
      • Wamego
      • Pottawatomie County
      • Fort Riley
      • Geary County
      • State News
      • RCPD Reports
    • Weather
    • Sports
      • High School Sports
        • Scores
      • Scoreboard Saturday
      • K-State Sports
      • Student-Athlete of the Week
    • On Demand
      • In Focus
      • Who’s On In Focus
      • The Game
      • Managing Your Money by ESB Financial
      • Wildcat Insider
    • Obituaries
    • Message Us
      • Birthday/Anniversary
    Listen
    News Radio KMAN
    You are at:Home»State News»Companies continue to drill despite low oil and gas prices

    Companies continue to drill despite low oil and gas prices

    0
    By KMAN Staff on February 29, 2016 State News

    WICHITA — Contracts with landowners are forcing a small number of companies to drill for oil and natural gas regardless of unfavorable market conditions.

    The Wichita Eagle reports that producers are required by contract to drill in a newly acquired lease within a few years in order to maintain the land lease.

    Kansas Independent Oil & Gas Association President Ed Cross says forcing producers to be picky about their leases keeps them thinking about the long-term success of their companies.

    But other producers are taking advantage of lows costs in hopes for future profit. Some, like Rod Andersen of Kansas Petroleum Resources of Wichita, are testing wells at discounted prices and leaving the good ones uncompleted until oil and gas prices turn up.

    Share this:

    • Facebook
    • Twitter
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    KMAN Staff
    • Website
    • Facebook
    • Twitter

    Related Posts

    Kansas could soon approve ‘born alive’ abortion bill

    Kansas push for medical marijuana appears done for this year

    Kansas ‘school choice’ backers struggle to get past governor

    Leave A Reply Cancel Reply

    Listen Live Here
    Listen Live - Mobile

    Categories

    EEO Report

    FCC Public File

    FCC Applications


    Follow @1350kman on Twitter · Manhattan Broadcasting Company is an equal opportunity employer.
    Manhattan Broadcasting does not discriminate in sale of advertising on the basis of race, gender, or ethnicity, and will not accept advertising which does so discriminate. © 2022 Manhattan Broadcasting Company.

    Type above and press Enter to search. Press Esc to cancel.