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Re: reaper247 post# 3706

Thursday, 03/03/2016 7:55:33 AM

Thursday, March 03, 2016 7:55:33 AM

Post# of 4188
Funny stuff reaper. I like it. BTW, what do you think is holding the lease?
Whether there is a pump jack there is unknown. I make inferences from what is common practice for a prudent operator. Common leases expire after 90 days of not producing and with no drilling activity. There are dozens of ways around this, including leasing the land again. Leasing back in to a commercial well is sometimes difficult. Leasing back in to a non-commercial well on land with no viable prospects, not so hard.

Some of what I do is educated guessing. I am fairly certain this is a high water cut well and the water probably has to be truck-hauled.

I assume you are joking about the "fluctuations," so I will leave that alone.

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