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Discussion in 'The Backstage' started by fett, Oct 3, 2017.
I see a Mustang on her wheels...
Or maybe just money in the bank.
That's good too.
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.
Congratulations Fett. That's the coolest thing I have heard all day. You rock.
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!!!!!
You know, you’ve always been my favorite forum member Fett
Stop playing coy! How much did you make?
Good for you, fett! Must be a great feeling.
So..it's Fresh Pork in Casa De Fett from now on ??
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.
Beware of people like this, Fett. You know I'm your buddy
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.
Go to the Casino and turn your $1,000 into $200,000.
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."
Never count your chickens till they hatch.