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Bidding on new land and can't decide when to stop..........it still seems cheap!
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tmrand
Posted 3/7/2016 21:30 (#5162379 - in reply to #5162329)
Subject: RE: Bidding on new land and can't decide when to stop..........it still seems cheap!



Southeast Colorado
They are showing pump tests on the wells but I don't trust them much. Lots of wells really produce for the first week or so around here so a one or two hour test on wells that have been sitting 3 or 4 years doesn't mean a lot................only that they are not dry. For sake of cash flowing I'm figuring they might produce half of the gpm tests. If they actually hold the tested gpm.............this deal is a steal! If they go dry after a month of pumping..............not so much.

Edited by tmrand 3/7/2016 21:32
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