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SE MT | Great for you, this is very interesting, also picked up some lingo throughout this thread.
Correct me if I'm wrong here: it produced 10600 ish barrels and you get 20% so that's about 2000 bbls lets say. And your check was 1800$ so that's not quite 1 $/bbl, or maybe that was after all expenses??
Anyways looks like you did your homework and took a risk that is going to be a nice cash cow for awhile!! Thanks for sharing!
Edited: You must've got the 3.3/1280 of those 2000 bbls which would change the price a lot??
Edited again: 10,600 X (3.34/1280) X $80?/bbl X 80%= 1800 ish depending on oil price, think I gotcha now...
Edited by coochief 9/16/2014 20:59
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Oil Well Investment
