Good news from my "Oil" gig.

Discussion in 'The Backstage' started by fett, Oct 3, 2017.

  1. Bobby Mahogany

    Bobby Mahogany Senior Member

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    I see a Mustang on her wheels...

    Or maybe just money in the bank.
    That's good too.
     
  2. fett

    fett Double Platinum Supporter

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    Again. The oil companies are paying 100's of millions of bucks to get Reeves Co. land or the rights. The reserves are beyond Giant. My little Oil Company got to actually producing oil. They won big time.
     
  3. GitFiddle

    GitFiddle Senior Member

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    Congratulations Fett. That's the coolest thing I have heard all day. You rock. :thumb:
     
  4. fett

    fett Double Platinum Supporter

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    About big numbers. In July, each well grossed over 800K. I'm telling you guys, this could be really big. And my total cost was $10 for was for a Notary. I'm throwing this in your face. It's just another day in the life of fett. What a world!!!!!
     
    GitFiddle, THDNUT and Caleb like this.
  5. djsuckapunch

    djsuckapunch Senior Member

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    You know, you’ve always been my favorite forum member Fett
     
  6. Chicago John

    Chicago John Senior Member

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    Stop playing coy! How much did you make? :thumb:
     
  7. ErictheRed

    ErictheRed Senior Member

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    Good for you, fett! Must be a great feeling.
     
  8. parts

    parts Senior Member

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    So..it's Fresh Pork in Casa De Fett from now on ??
     
  9. fett

    fett Double Platinum Supporter

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    I took another look at the Production sheet. As I said, my interest is very small. July was the first full month of production. The two wells produced over 42,000 barrels of oil. My total barrels are a whopping 23 @ $43.50/barrel. Before I get too excited about this, I will have to see how Aug and Sept pans out. I hope the wells have legs. I also hope they drill more wells. Anyway, I live a life of small numbers and this will help.
     
  10. Chicago John

    Chicago John Senior Member

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    Beware of people like this, Fett. You know I'm your buddy :thumbs:
     
  11. fett

    fett Double Platinum Supporter

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    This reminds me of musicians that actually produced music and somehow got screwed out of Royalties. I didn't do anything or produce anything to deserve my Oil Gig. The Oil Guys went all Legal to find me and inform me that a 70+year mineral rights lease was still valid.
     
  12. THDNUT

    THDNUT Senior Member

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    Go to the Casino and turn your $1,000 into $200,000. :dude:
     
  13. fett

    fett Double Platinum Supporter

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    An Update. The price of oil is going up. There is plenty of oil in the ground. The Permian is booming a little too much. There is a very serious pipeline bottleneck. That's not a problem that can be quickly remedied. 6 to 12 months or more. It may force producers to "shut in" wells that are producing well. That means less royalties for me. Based on my royalty check from May, they may have shut in one of the two wells. An old saying; "Don't spend what ain't in your pocket."
     
  14. Frogfur

    Frogfur Senior Member

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    Never count your chickens till they hatch.
     

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