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Re: Sheepdog post# 35637

Sunday, 02/05/2012 11:17:15 PM

Sunday, February 05, 2012 11:17:15 PM

Post# of 45176
It aint quite that simple. The better wells you mention... BDGR has 40% working interest and, at best, 34% revenue interest. And even the bad wells... the ORRI owners get a paycheck even if the wells lose money so if I were a ORRI owner, I would want to produce as many of these losers as possible.