What is the difference between conventional and non-conventional oil and gas production?

Conventional oil and gas production refers to the extraction of resources from the ground through the use of traditional technologies, like drilling wells. This is the most common type of production and is mostly found in places with established oil and gas fields, like Virginia. These fields are typically characterized by having a high concentration of oil and gas. Non-conventional oil and gas production is a newer method of extracting resources from the ground. This type of production uses unconventional technologies, such as hydraulic fracturing (“fracking”) and horizontal drilling. As opposed to conventional production, non-conventional production is often utilized in places with low concentrations of resources, such as shale basins. Overall, the main difference between the two is the technologies used and the amount of resources that can be extracted. Conventional production relies on traditional technologies to extract large volumes of oil and gas while non-conventional production uses more advanced technologies to extract smaller volumes of resources. It is important to note, however, that both methods are important components of the oil and gas industry in Virginia.

Related FAQs

What legal remedies can I pursue if a company fails to pay royalties on time?
What is the legal process for determining oil and gas royalty rates?
What rights do I have to use oil and gas produced from my land?
Are there any specific legal requirements when granting an oil and gas lease?
What are the legal requirements to obtain a royalty interest?
Are there any legal remedies available for land owners when their property is damaged by oil and gas operations?
How does the law protect surface owners from damages caused by oil and gas production?
What are the rights and obligations of the parties to an oil and gas lease agreement?
How do I determine the market value of an oil and gas mineral interest?
What are the legal requirements of an oil and gas exploration agreement?

Related Blog Posts

Exploring The Basic Principles Of Oil And Gas Law - July 31, 2023
What Every Lawyer Needs To Know About Oil And Gas Contracts - August 7, 2023
An Overview Of Oil And Gas Regulatory Compliance Requirements - August 14, 2023
Oil And Gas Regulatory Developments To Be Aware Of - August 21, 2023
The Impact Of Oil And Gas Law On Environmental Protection - August 28, 2023