I own 1/4 interest of 320 acres in Niobrara County, WY. After a couple of months of "back and forth" with the oil corporation we finally came to terms. Whew.
I want to thank all of you who recommended Mr. Buddy Cotten to me. He has been very helpful with guiding me through this process. I cannot say enough good things about him and highly recommend his services. Thanks Buddy!
Now the fun part (besides the signing bonus money...lol):
I have been frequenting these sites in trying to figure what a decent oil well produces in this area of the country.
Pretty hard to decipher for me.
Anyone know what a well needs to produce in oil bbls/day in order to be worth the oil company's time and effort?
What are the bbls/day from a poor producer to a good producing well?
As far as natural gas goes I don't think there are any pipelines near my property. Doesn't NG require piping otherwise they flare it off? That's a shame.
Thanks again everyone I am learning a lot...glad I found this site!