"BDGR is not the operator of these wells.
OK, I see where you are confused....
BDGR OWNS the other companies that are turning in production figures under those operators ID numbers... Four Star, Woolbridge, etc.. They just bought the company and the company name since that let them maintain the previous operator's status in good standing with the state and that saved them posting the bond that would have been required for them to start operations of the wells purchased under a NEW operator name/number.
"So is the figure BDGR is quoting, it's net of oil after the operators take?"
Immaterial. The difference between GROSS bbls vs NET bbls is what BDGR doesn't get to PAY THE BILLS because some other person is getting the overriding royalty or royalty. (Ie, they are paid, no matter what, by the purchaser, with no expenses to pay)
"Or is the operator paid in cash on a monthly basis no matter what the quantity of oil is?"
See first para above.
Do none of you have any clue about the oil business?
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