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Treaty Energy Corporation TECO
Posted On: 06/14/2013 11:40:02 AM
Post# of 39368
Posted By: arstegall
Re: DTL #15677

Well we won't start out with Stripper wells and let a York run the show without checking up on him. I don't believe Treaty will ever do this again. The best lessons are the ones you learn the hard way. There are wells in the bays in south La that 1 to 2 million can buy 50% of a well that is making between 100 and 200 BOPD and has been for several years. The lifting cost is a little more than double that of W Texas as I think it is costing us $3 per bbl to get the oil to market and it takes us out here around $6 to $7. Still pays better because of the amount. But you have to be able to know with 95% certainty that the well will produce long enough to pay off the investment and still bring more capital to the table. That is the part that you need good oil men that know what is up.














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