Paper: Automatic Lease Operation

Automatic lease operation fundamentally results in three basic factors which production operators always set up as primarily criteria for their operation: 1. Conservation of (a) hydrocarbon resources and (b) steel 2. Increased safety and efficiency of operating personnel 3. Reduction in initial capital investment. In order to get a clear picture of this new concept of lease arrangement, we should first break down into some broad categories the types of well production as well as the size and scope of individual leases.