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<blockquote data-quote="TexasBred" data-source="post: 852188" data-attributes="member: 6897"><p>I assure you they did not pay to0 much for it and your numbers are nowhere near accurate. You're just figuring an annual return of a million bucks on a 22 million investment. I can assure you that gas well have lifetimes of 30 years or more, can be overhauled and keep going. There are some wells in that are with initial production of over one billion cubic feet per month (you do the math on that). Gas will vary from $3 to $12 per thousand. Looks to me like it would hold several hundred wells without being maxed out.</p><p></p><p>And since you're familiar with minerals check and see what it cost to buy "producing" minerals. That alone would cover the cost of the ranch I'm sure.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 852188, member: 6897"] I assure you they did not pay to0 much for it and your numbers are nowhere near accurate. You're just figuring an annual return of a million bucks on a 22 million investment. I can assure you that gas well have lifetimes of 30 years or more, can be overhauled and keep going. There are some wells in that are with initial production of over one billion cubic feet per month (you do the math on that). Gas will vary from $3 to $12 per thousand. Looks to me like it would hold several hundred wells without being maxed out. And since you're familiar with minerals check and see what it cost to buy "producing" minerals. That alone would cover the cost of the ranch I'm sure. [/QUOTE]
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