Quote:
Originally Posted by rcounts
Not sure what you're saying about "10% of residual return", but if you're saying it costs $150-$180k a week to run a drilling rig, that's $21-$26k per day. Since 25 years of inflation have passed since my drilling days, I can buy that as being today's cost numbers.
|
I would receive 10% of net after the well was sunk and productive. The rule of thumb was 'if we can get by under $20K we're doing real good' but you have to imagine that with a little cajun accent. Various forms of insurance were almost half of the total cost.
__________________
1987 300D (230,000 mi on a #14 head-watching the temp gauge and keeping the ghost in the machine)
Raleigh NC - Home of deep fried sushi!
Last edited by C Sean Watts; 05-17-2008 at 07:11 PM.
|