This is the right way and the only way to take care your own asset.
Tell me the lease name and the well name, plus the time frame you feel the product was way off, I will give you my $0.02 on the well performance based on my 20+ years experience as a reservoir engineer.
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I know a landman working in the Reeves County area that says that Permian is basing the cost on most all the leases “At the Well Head”. The well head language was in the lease so they are going by that if they can get by with it.
Colgate deducted costs out of the gross revenue instead of listing separately. The gross sales reported to Texas Comptroller were higher than on the check. The sales on the check were the gross sales reported to Comptroller less the expenses reported to Comptroller. The change on Permian check is reporting the gross sales and the costs separately.
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