they were easily paying out that much when the price of natty gas was high last summer. Horizontal wells are paying out MUCH more than 20K per month to the landowner. We’re only doing verticals right now, but should be getting into the horizontals in the next 12-18 months. That vertical we just sunk cost well over a million, horizontals are easily double that.
yeah thats my official title I guess… getting landowners to sign leases with us to drill their land… but I do all of the advertising and promotional stuff, sales, acquisitions, press releases, etc.
We never did any of that stuff before I came on and the boss was actually pretty against it when I first proposed spending time on stuff like that (though it was a waste of time/money)… but I got him to let me take a run at it and now he’s all about it.