In order for oil and gas reserves to reach the market, minerals rights are leased to oil companies through a legally binding contract. At times, mineral rights leasing might include the drilling of an extended reach well. This could be beneficial to the land owner because less surface drilling space is used, smaller holes mean generating less waste, less noise and extended reach wells are kinder to the eco-system.
While there is still a lot of flexibility regarding the definition of an extended reach well, the most commonly accepted term is that the horizontal depth must be twice the length of the vertical depth (2:1). Another acceptable definition is a well that exceeds 4500 feet in length. An extended reach well c