Oil In Western Nd!!!!
-
My girlfriend's brother's fiance told me a story about her step brother, an insurance consultant in western ND, who got a call from a 90 year old client of his a week or two ago, asking him to visit her at the nursing home because she had a question about her oil check. He got there and she handed him a check for a million dollars that she received from the oil company and she said that they must have over paid her, and that she would do whatever she had to in order to get the right amount of money. A couple days later, she received a letter of apology from the oil company and a check for the correct amount - which turned out to be 115 million dollars.
-
amicheze;214291 wrote:
My girlfriend's brother's fiance told me a story about her step brother, an insurance consultant in western ND, who got a call from a 90 year old client of his a week or two ago, asking him to visit her at the nursing home because she had a question about her oil check. He got there and she handed him a check for a million dollars that she received from the oil company and she said that they must have over paid her, and that she would do whatever she had to in order to get the right amount of money. A couple days later, she received a letter of apology from the oil company and a check for the correct amount - which turned out to be 115 million dollars.This story for real?
WoW- that sucks to be 90 and finally bank roll that kind of $$ in.. -
I had a great uncle who was well off, and went and purchase mineral rights for about 3000 acres of western ND, for DIRT cheap about 50 years ago, only to be laughed at by the farmers. He died about 10 years ago, passed it on to another uncle, who just recently started to make a ton of money on it. He doesn't work, he just rakes in the money.
Guess who is next in line to inheret it?
-
What i was trying to say is, yeehaa! even if there is oil under your land. and they DO start pumping it out, its not gonna last long, look at all the nice little oil towns down south. Oil and money was there, town was booming, two years later, nothing at all. What you might have will be gone soon, and you think they are gonna load you up on money for it. They drill oil to make money, you are the least of their concern, if they could, they wouldn't pay you at all.
-
GarageAlchemist;214317 wrote:
What i was trying to say is, yeehaa! even if there is oil under your land. and they DO start pumping it out, its not gonna last long, look at all the nice little oil towns down south. Oil and money was there, town was booming, two years later, nothing at all. What you might have will be gone soon, and you think they are gonna load you up on money for it. They drill oil to make money, you are the least of their concern, if they could, they wouldn't pay you at all.Umm....more oil than is in Saudi Arabia=Oil will be there (not in all cases...but a good chunk of them) for a good long time. How long has Saudi Arabia been producing oil? Oh, yeah..pretty much from the beginning.
-
Current extraction techniques can really get no more than about 10% of the oil in a given geologic formation.
As the worldwide price of crude oil rises and falls, certain formations become worth re-exploring or abandoning until the price goes back up. Right now with the high price it makes sense to pay attention to this stuff again.
-
Parker;214388 wrote:
you must be a "defective asshole" too..... funny how that works...Nah, CMK's is far from defective in the asshole department.
-
grudge much parker?
I'm going to have to stop making long winded posts that people don't find helpful if only to keep you from following them all up.
Let it go -- I said people that don't care about blinding oncoming traffic with poorly-thought out lights are defective assholes. Then you said you did exactly that and didn't give a fuck, but got all bent out of shape like you definitely gave a fuck. Hopefully you don't continue "not caring" on every thread
I'm not looking to be an asshole (defective or otherwise). If it happens anyway, it must be a natural gift.
I've got no particular beef with you or anyone else, but I'll re-iterate that people that blind oncoming traffic are dicks. Move on.
I'm going to have a sensitive cry now to go heal.
-
thrash;214422 wrote:
grudge much parker?I'm going to have to stop making long winded posts that people don't find helpful if only to keep you from following them all up.
Let it go -- I said people that don't care about blinding oncoming traffic with poorly-thought out lights are defective assholes. Then you said you did exactly that and didn't give a fuck, but got all bent out of shape like you definitely gave a fuck. Hopefully you don't continue "not caring" on every thread
I'm not looking to be an asshole (defective or otherwise). If it happens anyway, it must be a natural gift.
I've got no particular beef with you or anyone else, but I'll re-iterate that people that blind oncoming traffic are dicks. Move on.
I'm going to have a sensitive cry now to go heal.
wtf? sounds like you're the one holding the grudge... i just mearly said that cmk could be in the "defective asshole" section like me... i just dont get why you are bringing up headlights in a oil thread... but lets move one and ill give you a big E-hug...mkay? and just for the record... you attacked me first... -
anyways. i am just gonna be happy with any ammount that comes in to my family. a little money coming in is better than no money.
-
there is a guy out in western nd that my buddies fiance knows. they put up six oil derricks on his land and the oil company gives him the money from every 5th barrel that gets produced from each one. i don't remember how many barrels filled every day, but needless to say he doesn't work anymore.
his fiance's mother is having her second derrick put up soon.
-
from what my father described to me was the we get one barrel for every six they pull up. then that one barrel is split between 9 people. sounds shitty but hypothetically speaking they pull up 600 barrels a day=100barrels split between ten people = 10 barrels for just my family. 10 barrels @ $114.00= $1,140.00......a day. last year we raked in 20K or so hopefully it will increase after this insane find.
-
Krazy_Kling;215075 wrote:
from what my father described to me was the we get one barrel for every six they pull up. then that one barrel is split between 9 people. sounds shitty but hypothetically speaking they pull up 600 barrels a day=100barrels split between ten people = 10 barrels for just my family. 10 barrels @ $114.00= $1,140.00......a day. last year we raked in 20K or so hopefully it will increase after this insane find.20k isnt exactly "raking it in"
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login