57Tbird, I realy do not have time to correct your every post.
Barry McFarland did the effort for that spreadsheet. I have faith in his ability and in his accuracy of the document. Although I may not have the same opinions of people as he. That has nothing to do with the regard with which I hold his accounting abilities.
I will form my own opinions and in my own time about the people that I deal with.
As far as your ideas on working interest, you are either in error or believe everyone else is stupid enough to believe you. It does not matter what portion of a well you have a working interest in nor does it matter how much that well pumps.
BUT FOR THOSE YOU HAVE MADE CURIOUS..............
The working interest is that part of the ownership of the oil that participates in the cost of recovery. If a well produces $100 a month. And the override and royalty add up to 25%, then there is $75 left to pay the cost of pumping and maybe a profit. If the cost of pumping is $65 then there is $10 left over for profit. If BDGR has only 10% of the working interest, then they get $1 profit. From what I hear, we have about 65%.
So we would get $6.50. It does not matter though, what percentage you have, it only matters that the working interest is high enough to pay the cost of pumping with some left over.
Lou
News 
Market Data 
Discover 
AI
