Home Forums Hunting & Shooting Hunter's Campfire Is Fracking A Hoax?

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

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.

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

$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 simple answer and spot on.

Another $5 should be plenty.

What would you know?

If big oil is a Ponzi scheme than you all have better like living in the stone age when the scheme fails.

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.

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.

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.

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.

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.

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.

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.

TRH, do you even know what fracing is?
Just wondering.

Look it up on wiki.

Lol