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:
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:
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 T158 R92w Sec 30 for Feb. they look good for the area.
Duane E Paulson said:
Duane E Paulson said:
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.