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Well and Oil Partage
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Our next Bill Bob well is ready to start. ...
The well will be spotted about 201 feet into Sauders’ lease boundary. Under a farmout agreement with them, they contribute only acreage to the well and no money, then come back in for about 6% ownership of the well after pay out of drilling and completion costs. ... Originally Sauder planned to split ownership and cost of the well on a heads up basis but since has chosen this farmout approach which suits us very well.
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Paper Information
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Title: Well and Oil Partage
Words: 298
Rating: None
Pages: 1.2
submitted by: laineybellwheat
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