When looking at different well’s production what does the term RUNS mean?
Runs are barrels SOLD, which is what your royalty is calculated upon. Some months they produce more than they sell and some months they sell more than is produced in that month.
Thank you R.W
r w kennedy said:
Runs are barrels SOLD, which is what your royalty is calculated upon. Some months they produce more than they sell and some months they sell more than is produced in that month.
Duane E Paulson said:
r w kennedy said:
Runs are barrels SOLD, which is what your royalty is calculated upon. Some months they produce more than they sell and some months they sell more than is produced in that month.
Thank you R.W
Duane E Paulson said:
Thank you R.W
r w kennedy said:
Runs are barrels SOLD, which is what your royalty is calculated upon. Some months they produce more than they sell and some months they sell more than is produced in that month.
Just a point of interest but take a look at the runs on the Barnes and Rivera wells in Township 158 Range 92 West Section 30 for February. They look good for the area.
Duane E Paulson said:
Thank you R.W
r w kennedy said:
Runs are barrels SOLD, which is what your royalty is calculated upon. Some months they produce more than they sell and some months they sell more than is produced in that month.