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Who is Bakerwell, Inc.?
Bakerwell, Inc. is a family owned independent exploration company based
in Holmes County, Ohio. The Baker family has three generations of oil
and gas development and production experience.
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Are producing wells safe, and what are your typical safety standards and procedures?
During drilling operations the work area is fenced off and signs are posted. ODNR well inspectors are on-site during drilling operations to inspect
the drilling location, test blow out equipment and to witness surface casing installation. Drilling pits are drained, solidified and
closed as soon as possible. Oil storage tanks are equipped with vacuum lids and flame arrestors. Emergency numbers are permanently posted at
the well and tank battery.
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How do you determine where to drill on my property?
Wells drilled 4,000 feet deep or less
must use at least a 20 acre plot. The well must be at least 100 feet from any occupied buildings, spaced at least 300 feet
from contiguous property lines and at least 50 feet from public roads.
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What can I expect from a good well?
A good northeast Ohio well will produce 200,000 MCF of gas over 10 years. The current wellhead rate for gas is about $6.00 per MCF.
The landowner 12.5% royalty would amount to $150,000. A typical well produces about 50% of its total reserves during the first 3 years of production.
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What about well gas to heat my home & outbuildings?
If a well is drilled on your property, you will receive 300 MCF per year of free gas for domestic use and additional
supplies at well head rates-an annual savings of 30-40%.
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Will the producing well make noise and will there be an odor?
Gas wells are silent and odorless. Oil storage tanks may occasionally have a slight hydrocarbon odor. This odor
comes from vent pipes attached to the top of the storage tanks, but dissipates very quickly and presents no danger.
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What does it cost to drill a well?
The cost to drill and complete a well is $200,000-$250,000. The dry hole cost is about $100,000. Bakerwell, Inc. and its gas and oil
industry partners bear 100% of the cost to drill, complete, operate and maintain each well.
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How long does it take to drill and complete a well?
The Clinton Sand is found at a depth of about 3,000'-3,800' in northeast Ohio. A drilling rig is on site 5-7 days. Drilling operations
are conducted around the clock until completed. Well completion, surface equipment installation, pipelining and restoration are
performed during normal hours and will take about 60 days to complete after drilling.
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Are you insured?
Bakerwell, Inc. carries appropriate public liability insurance and will provide an
annual endorsement to all property owners with wells upon request.
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How can I learn more about drilling on my property?
E-mail jjabaker@aol.com or call Jeff Baker at 614-898-7590.
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