When the investors who participated in the well get three times their money back. So if the total cost was $10,000,000 you will come back in when the well makes $30,000,000.01. I am not sure about LOE, TAXES, Transportation, Compression, Marketing costs being added to get to 300% payout.
Probably not in your lifetime. My condolences.
Shirley, is the unit in Louisiana, Texas or Arkansas? If the unit is in Louisiana, are you an unleased mineral owner?
Actually, I believe Shirleysewell is a working interest owner in the unit on which she went non-consent. I know this because I am also a small WI owner in the units in which she went non-consent. Bonanza Creek Energy, Inc. is the Operator of the units in the Dorcheat-Macedonia Field. They are drilling infield Cotton Valley wells (vertical). She inherited this from her father.
Yes, this is true. I only went non-consent on some. How long does it take to payback a 300%... I am in with most of the wells.. I am now getting a revenue that I am happy with...
Did you know my Dad?
Shirley, Louisiana rules are very different than Arkansas and I am not familiar with Arkansas regulations.
By the way, in Louisiana you would not have been subject to a penalty if you are an unleased mineral owner.
I am glad everyone knows!!!!!! Trust ME I would LOVE for my DAD to be ALIVE so I could get a real answer, come on... I thought this was place for everyone to help out... ARGH!!! ((SIGH)) I call his friends that are Landman like he was...