Lets try another lesson, maybe it will help. The product is isn’t metered at the welhead on any wells I operate, it’s metered at their meter and that could be miles away. Once it goes through that meter I get paid. The rest of what you’re saying makes no sense. Once it gets past the first meter it goes into a gathering line that combines many different wells from various companies. Why in the world would I allow my gas to be mixed with others and then graded when I get a premium for mine due to it’s high volume of liquids. What you are saying is a separate line for every operator and that’s simply not the case. We have at least 30 different operators feeding into the same line on just the north end of the ranch, all are metered and graded one time and that’s before we get into the gathering line. I’ve been in this business for close to 50 years and I’ve never seen what you’re suggesting and not really sure how they would pull it off without a line independent from all others.
Even in your comment you say it goes into the main line, once there it’s mixed so there’s no way you’ll get the same grade of gas back that you put in. The only way to do that is at the first meter going into the line. Any gas pulled from that line later would have a different grade than what was put in. We’re talking several dollars diffidence in your MCF price.
No I am not saying a line per well. There is a meter per well BEFORE it goes into gathering line