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Spec29

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Spec29

Re: wx_gssr post# 8490

Friday, 07/22/2005 10:20:30 AM

Friday, July 22, 2005 10:20:30 AM

Post# of 362889
gssr, that's just standard operating procedure...

in the oil patch. It's not that big a deal if you think about it. Take a well that produces 40,000 bpd and costs $35 million to drill. At $60 per barrel that is only 14.58 days of production. Now this example does not take into account all necessary expenses to operate a well, either.

A wise man never plays leap-frog with a unicorn.

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