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Re: pepeoil post# 37117

Thursday, 02/26/2015 2:44:56 PM

Thursday, February 26, 2015 2:44:56 PM

Post# of 44486
That sounds like a great deal. It's actually below my cost. I should fire everyone, sell my rig and just pay them to do the work. Who is offering such a great deal? I'm assuming 1,000 ft wells with at least 80 NRI and that the lease acquisition costs, roads and location costs are included in that price (Total Turn-key)? I'm not defending whatever XNRG charged for the wells, but the prices your suggesting sound a bit too good to be true. And based on the information you gave us, small casing size, 5 & 1/2" and the larger 2&3/8" tubing and the coarse 10/20 resin coated sand and 1,000 gals of acid that you're talking about a shallow well in Texas. Apples and oranges. And if that's the case you're also looking at about a 65% NRI not 80%+. Wherever it is, it's not western Pennsylvania. Tell me I'm wrong.
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