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Campfire Outfitter
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Another thing if it is all a shell game within the company,How is it possible for her checks to go up after they finish the wells?
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Campfire Ranger
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Campfire Ranger
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Another thing if it is all a shell game within the company,How is it possible for her checks to go up after they finish the wells? Royalties are usually based on a percentage of production
The government plans these shootings by targeting kids from kindergarten that the government thinks they can control with drugs until the appropriate time--DerbyDude
Whatever. Tell the oompa loompa's hey for me. [/quote]. LtPPowell
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Campfire Outfitter
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Campfire Outfitter
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Thats what i am saying if it was just a shell game in the company her checks would not have gone up. Why pay money to the holder if it is not worth the effort.
That idea is just screwy or i am just to honest to get it.
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Campfire Sage
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Campfire Sage
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Thats what i am saying if it was just a shell game in the company her checks would not have gone up. Why pay money to the holder if it is not worth the effort.
That idea is just screwy or i am just to honest to get it. It's possible for individuals to profit even when the industry isn't, long term, economically viable. Think Ponzi scheme.
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Campfire Ranger
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Campfire Ranger
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I know what ypu're. saying. I posted before i was done typing. My royalties on a gas well are 6 %, My checks have gone down wven though production went up. The company I am leased to decided that landowners should pay the increase in transmission fees out of their royalties. Our County Commissioners said otherwise. And a group of us ( large group). Have filed a class action suit against said company
The government plans these shootings by targeting kids from kindergarten that the government thinks they can control with drugs until the appropriate time--DerbyDude
Whatever. Tell the oompa loompa's hey for me. [/quote]. LtPPowell
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Campfire Ranger
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$2M frac jobs are common here in the Permian Basin. So are 100-2000 bbl/day wells. You boys can do the math and see if it pays out.
It is irrelevant what you think. What matters is the TRUTH.
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Campfire Member
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Campfire Member
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$2M frac jobs are common here in the Permian Basin. So are 100-2000 bbl/day wells. You boys can do the math and see if it pays out.
“The trouble ain't that there is too many fools, but that the lightning ain't distributed right.” ― Mark Twain
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Campfire 'Bwana
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Campfire 'Bwana
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oil company's are not in the habit of throwing money away on stuff that doesn't work. The simple answer and spot on.
Conduct is the best proof of character.
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Campfire Ranger
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Campfire Ranger
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TRH assumes because he has never done any fracking that it must be a hoax.
I'll throw $20 in a hat for a hooker. Another $5 should be plenty.
"Be sure you're right. Then go ahead." Fess Parker as Davy Crockett
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Campfire Ranger
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Campfire Ranger
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oil company's are not in the habit of throwing money away on stuff that doesn't work. The simple answer and spot on. What would you know?
I replace valve cover gaskets every 50K, if they don't need them sooner...
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Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2006
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If big oil is a Ponzi scheme than you all have better like living in the stone age when the scheme fails.
Don't vote knothead, it only encourages them. Anonymous
"Never underestimate the power of stupid people in large groups." Anonymous
"Self-reliance, free thinking, and wealth is anathema to both the power of the State and the Church." Derby Dude
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Campfire 'Bwana
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Campfire 'Bwana
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I think that's the argument they are making. They frack, because they generate and pass around a lot of money while doing it. But, hidden in the balance sheet is mounting debt that will eventually implode the companies. That's why it's a hoax. It works, but it's very expensive to do It's like a ceo making 10 million a year while his company is taking on massive debt. Eventually the company goes down, but people make a whole lot of money in the meantime, and thats whey they keep it going.
Like I said, you'd have to carefully examine a whole lot of financial documents to either refute or validate the claim. Why not just compare barrels per day of production per well in the same areas from pre and post fracking? Many zones were not fracked years ago because improved fracking had not been developed at the time to make the zones productive. The pay zones were always there, but fracking techniques were not available to make them productive.
Last edited by eyeball; 08/15/14.
The tree of liberty must be refreshed from time to time by the blood of patriots and tyrants.
If being stupid allows me to believe in Him, I'd wish to be a retard. Eisenhower and G Washington should be good company.
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Campfire Outfitter
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Electric cars must be a "hoax" too then.
Almost all new technology is cost-prohibitive at start-up. No bigger "hoax" imo, than green stuff. +1 Yeah. Electric cars are a scam. They don't exist... Apple destroyed it's own iPod sales by iintroducing the iPhone. Sometimes companies do things that cost a lot NOW to make even more later. Anyhow, I don't think the word hoax means quite what you think it does.
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Campfire 'Bwana
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Campfire 'Bwana
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Improved fracking is making some landowners rich now, when previously, oil companies would not pay crap for their chances of making a producing well on their property.
The tree of liberty must be refreshed from time to time by the blood of patriots and tyrants.
If being stupid allows me to believe in Him, I'd wish to be a retard. Eisenhower and G Washington should be good company.
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Campfire Ranger
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Campfire Ranger
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Only the federal govt is kooky enough to believe in deficit spending and even that will come to an abrupt end.
Business is, by its nature, intimately tied to reality, unless it's in bed with govt.
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Campfire Ranger
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Campfire Ranger
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oil company's are not in the habit of throwing money away on stuff that doesn't work. Damn straight! Last fall rode with a friend who runs an oilwell service company out here in west Texas. We were kinda sorta servicing wells in between setting up to call coyotes. Anyways, John took me to one well that was originally drilled inthe 1950's. It was pumping less than 5 barrels a day 3 years ago. Since they fracked the formation it's bedded in, it's now producing over 100 barrels per day. John has hundreds of such wells that his company services. Fracking a hoax? Gimme a farking break.
"I'm gonna have to science the schit out of this." Mark Watney, Sol 59, Mars
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Campfire Regular
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With the technology in drilling horizontal wells and the advancements in fracking we are now able to produce wells in the 1000-2000 BOPD instead of the 200-300 BOPD barn burners of the past. Yes the frac is for real, and no big oil doesnt throw money away.
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Campfire Regular
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He hosts�Keiser Report, a financial program broadcast on Russian state media channel�RT. Until November 2012, Keiser anchored�On the Edge, a program of news and analysis hosted by Iran's�Press TV." And this....."Keiser founded the�hedge fund�Karmabanque, which sought to profit from any decline in equity value of companies that are susceptible to�boycott�from environmental groups.[26]�The hedge fund's progress was followed monthly in�The Ecologistmagazine.[27]�Its targets included�CocaCola[28]�and�McDonald's."
It appears he is going after the oil companies now. Just google his name and see what fields of activism he mucks around in.
Last edited by chapped_lips; 08/15/14.
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Campfire Tracker
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TRH, do you even know what fracing is? Just wondering.
Look it up on wiki.
~Molɔ̀ːn Labé Skýla~
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Campfire Ranger
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Campfire Ranger
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TRH, do you even know what fracing is? Just wondering.
Look it up...
Lol
Epstein didn't kill himself.
"Play Cinnamon Girl you Sonuvabitch!"
Biden didn't win the election.
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