[starfish923]

years, pugdog wrote: One well I am very familiar with cost about 12 million and was a dry hole. Another cost about 2 million and is VERY good.

Sounds like Las Vegas to me.
Baby needs a new pair of shoes -- ROLL'EM!!

[pugdog]

The oil company takes the risk. The landowner signs a lease and will receive a percentage of the revenues that, in our case, is from 20 to 25%.