I thought it was used to measure production, but you're right: "A run ticket is used in buying and selling crude oil. When the ownership or custody of oil changes, a run ticket is prepared for the receiver and the shipper to record the transaction. The ticket is made in triplicate by the gauger and is witnessed by the lease owner’s representative, usually the pumper. The run ticket, an invoice for oil delivered shows opening and closing gauge, API gravity and temperature, tank temperature and BS&W. The original of the ticket goes to the purchaser; copies go to the pumper and one for the gauger." http://www.petrostrategies.org/Learning_Center/glossary.htm
That explains why we've never seen one.....if we did, it would serve little purpose. We SHOULD (but we don't) get the value of the total of all the run tickets written in a quarter in the form of reported fuel revenues on the 10Q. What purpose would some random run tickets serve?
All this time I've been hoping to see some documentation of daily production and it turns out that that isn't even what the broken promises represent.
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