Well, I have sent my email to the SEC. Any others? If I am being a fool for suggesting this course please let me know, but I certainly think it might help to have someone watching what these guys are doing.
Anyway, below are some numbers that my oil/gas friend sent to me. They are just general numbers for West Va. Thought they may be of interest.
West Virginia
State Rankings
Oil production 25th
Natural gas production 15th
Oil wells drilled 26th
Natural gas wells drilled 6th
Production
Crude oil 1,680,000 bbls
Natural gas 187,343 MMcf
Wells Drilled
Oil 5
Gas 525
Dry 31
Service 32
Average cost to drill one well $145,913
Stripper Wells
Producing Wells 11,272
Abandonments 45
Percent of total state oil production 100%
Employment
Oil & Gas Extraction 3,512
Refining 110
Transportation 4,158
Wholesale 924
Retail 6,214
Total 14,918
Taxes
State severence taxes $19,199,244
Federal oil & gas royalties $149,546
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