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Oil Well
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<blockquote data-quote="InDaShop" data-source="post: 57235"><p>A bunch of us at work have all invested in a handful of wells. But sounds like you guys are going after NEW oil to get a "Case 1". The 3 that I got in on are played fields. They are plays that the big guys Conoco, ExxonMobile, Shell, Anadarko, have already hit proved and puled from for years. Now that those wells aren't producing to some level for them, they pull out to put their equipment and resources on to wells that produce a certain level. So we have been going after "whats left", its totally not a get rich quick deal, the risk is low, and the payout is low. Make sense. They hit oil on all three wells I'm in on, and the buy in pwer share was similiar. I get a small check every month, $500 hundred bucks or so. So I'll start making money in like 5-7 years, so the gamble is that the play lasts longer than that......</p><p>One of the wells this crew did recently ended up being a duster, a couple guys I work with were pissed, they acted like babies, like they'd been scammed. I wasn't in on it, didn't have any more money to throw at it. Lucky me.....</p><p></p><p>Its a gamble thats for sure. But if the crew has hit on one well right there, odds are they'll get another straw in it again if its the same play. </p><p></p><p>Anyone know anything about the Bakken Formation in North Dakota?</p></blockquote><p></p>
[QUOTE="InDaShop, post: 57235"] A bunch of us at work have all invested in a handful of wells. But sounds like you guys are going after NEW oil to get a "Case 1". The 3 that I got in on are played fields. They are plays that the big guys Conoco, ExxonMobile, Shell, Anadarko, have already hit proved and puled from for years. Now that those wells aren't producing to some level for them, they pull out to put their equipment and resources on to wells that produce a certain level. So we have been going after "whats left", its totally not a get rich quick deal, the risk is low, and the payout is low. Make sense. They hit oil on all three wells I'm in on, and the buy in pwer share was similiar. I get a small check every month, $500 hundred bucks or so. So I'll start making money in like 5-7 years, so the gamble is that the play lasts longer than that...... One of the wells this crew did recently ended up being a duster, a couple guys I work with were pissed, they acted like babies, like they'd been scammed. I wasn't in on it, didn't have any more money to throw at it. Lucky me..... Its a gamble thats for sure. But if the crew has hit on one well right there, odds are they'll get another straw in it again if its the same play. Anyone know anything about the Bakken Formation in North Dakota? [/QUOTE]
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