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cameraturret

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cameraturret

Re: localoil post# 3690

Monday, 03/12/2007 8:08:47 PM

Monday, March 12, 2007 8:08:47 PM

Post# of 45174
Localoil,

I thought we had our own rig now, why do we have a contractor's?

I'm curious about oil leases. I am sure someone can write it anyway they like. But there must be a typical structure.
Do they go by just a cut of the oil? A cut of the oil plus a lease fee? A cut of the oil plus there is a minimum amount payed even if they they don't recover any oil that month?

Lou
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