Aw come on. Gotta be something wrong with this.
What, they pay YOU to take the oil?
I guess? I would assume there is such a glut of it, that they need to sell it at a huge loss, and essentially pay to get rid of the supply.
Take note of where this story is coming from people.
Theoretically, yes. The producer would be paying someone to store the oil so he can keep his wells open. A lot of leases terminate if the well on the lease is shuttered. If this is a temporary thing it makes sense. Let's see what happens at expiration tomorrow.