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Tuesday, July 24, 2012 10:14:36 AM
The "Working Interest" portion of the producing property bears all the expenses. Typically, the WI is .875. The remainder, typically, is known as Royalty and it bears no expenses. The pool of investors in a royalty portion of a division order get checks. The participants in the WI side pay the well expenses.
So, the thing being discussed here, it appears to me, is typical of such arrangements and there is not one single aspect of it that is the least bit oddball or peculiar.
Imperial Whazoo
"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."
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