greeneyedhawk, I bet TERX spells out their percentage ownership of wells and doesn't have "investees". So they subcontract drilling, BFD, most oil & gas companies do. There are huge advantages in hiring a drilling company, expertise and the ability to keep the rig running with minimum downtime. That's why they exist.
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.