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Re: localoil post# 2191

Tuesday, 01/09/2007 8:02:03 AM

Tuesday, January 09, 2007 8:02:03 AM

Post# of 45174
Low production or "stripper" wells make up the majority of wells in this country. They have been in existence for years and at much lower oil prices. The key, as I mentioned in my other post, is the ability to run the business properly and that is what needs to be done. Without fraud or improper business decisions, this is a money maker. Also, my research tells me that BDGR's wells averaged 3+ barrels a day recently. I could get a better breakdown on one well vs. another but right at the moment I do not have the time.