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pwd72s's Avatar
 
Join Date: Apr 2001
Location: Linn County, Oregon
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$133 a barrel? Drill in your backyard!

http://abcnews.go.com/GMA/Economy/story?id=4937426&page=1

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Old 05-27-2008, 01:25 PM
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Interesting, but don't most modern property deeds exclude subsurface drilling rights?

Not to mention, I bet he's in violation of about a hundred building and fire codes. . . Not to mention OSHA regulations.
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Old 05-27-2008, 01:29 PM
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I wonder how he controlls the H2S, the VOCs, and the environmentasl impact report?

In California he'd be put in prison for life for something like that.
Old 05-27-2008, 01:53 PM
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Join Date: Apr 2001
Location: Linn County, Oregon
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Indiana? I'm guessing family farm property...all rights owned for generations...
I just thought it was way cool...pumping a few barrels per day out of your own land.
(edit) Loved the John Deer colors...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent."
-Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.)
Old 05-27-2008, 03:09 PM
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Join Date: May 2001
Location: Off the grid- Almost
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My neighbors have been wondering why I keep bringing wheelbarrows of dirt out my garage doors.

Please don't tell them I'm digging for oil in my basement.
Old 05-27-2008, 03:13 PM
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A friend of mine has a natural gas well on his farm. Free heat & he's looking for a natural gas conversion for his car.
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Old 05-27-2008, 03:46 PM
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Join Date: Mar 2003
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Business is booming for my father-in-law in central KS (lumberyard & contractor), the higher oil goes, the more people want to remodel, build, and add on. Out there most people own acreage, some farmed, some not. It's common to have multiple wells on your property. Even only getting a fraction of the proceeds, which is common due to the high cost of drilling and servicing wells, many people are getting 5 and 6 figure monthly checks. Even low output wells that were previously capped have been re-opened, and new technology is helping to boost production in previously low-yield wells. It's very common, repeated across the midwest.
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Old 05-28-2008, 07:44 AM
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Should have married that UT Petroleum Engineering student back in the day - we'd be in "High Cotton"! She was cute too.
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Old 05-28-2008, 08:39 AM
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They are drilling along the PA & NY border - not far from The Glenn.

Old 05-28-2008, 08:53 AM
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