When you hear people talking about low oil prices are, realize it’s all relative. Low oil prices are offset by lower drilling and production costs. Everyone thinks you need $100 a barrel to turn a profit on an oil well but that’s just not true. There are many hot beds around the country producing from blanket sand formations, in low…
The Ultimate Tax Advantaged Investment For 2015 October marks the start of the 4th quarter and as the end of the year draws closer, investors are starting to look at where they’re going to invest their money to best reduce any tax burdens and position themselves for 2016. As the 4th quarter gets underway, investors are starting to focus on…
30 Little Known Oil & Gas Industry Definitions and Phrases: 1. Developmental wells can be referred to as infield wells 2. Step outs: wells in close proximity to proven producers 3. Dry holes: dusties or dusters 4. Book value: the value of a well, field, rig/equipment 5. Bunk house: portable housing on a well site for the crew to live…