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Re: Waverider110 post# 5182

Wednesday, 02/13/2008 4:49:09 AM

Wednesday, February 13, 2008 4:49:09 AM

Post# of 5894
To the best of my knowledge Texoma is not an operator. At least not on our propertys.
We use a few different operstors.
The main one i have found as our operator in the Powder river consolidated is Transcontinental minerals corp.
Which i believe they have been bought out recently (but not positive).
As far as the use of the drills. We still have plenty of wells to drill out. I feel the purchase was warrented and a great move for the company.
Our current drilling needs will no doubt keep these three rigs busy for quite sometime,and no doubt pay for themselves multiple times over and over again.

Biamante still needs 20 some wells drilled
weesatche needs some reworks
Brookshire needs more drilling
Mcfadden Ranch needs work
Polk county probably has drill targets
Baylor county has alot of drill targets

Yes i think these crews will be very busy over the next few years.
And these crews can be sent to drill other companys projects in the event we have no work for them.
I think we need to purchase a few more drilling rigs.

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