Investing General Discussion

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Borzak

Borzak

Bronze Baron of the Realm
26,381
34,966
Tirant said:
Are you in the Haynesville? Good time to be getting Natty G royalties. Just had some new wells come on in the SCOOP under some of my minerals and the gas price for September was $1.27, by December was $2.92, and the current Henry Hub is at $4.40. Make sure you double check your division orders, O&G minerals is one of my primary businesses and the most annoying part is trying to get one of these giant O&G companies to get my interest correct, they always want to keep paying whatever decimal they were paying the guy I bought them front, regardless of what they really are.
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Almost, but not quite. Tuscaloose Marine Shale barely. I don't get the exact figures until later to show what was oil, gas, and cleaning and transportation. From the amount I'm guessing mostly oil. Some of it is from a lease which I get a percentage of the production and some I own and do not lease which I get almost all of the production. A year and a half ago it was a huge boom in lithium and as far as I know that hasn't actually produced anything yet but I sold a small amount and that was the best payout of all over the last 30 years.
 
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