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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (207146)	10/27/2006 9:51:22 PM
From: bentway	Respond to of 281500

"The life of an oil reservoir " Believe it or not, a couple of my best friends (brothers) from my high school days struck oil on an old gravel quarry "ranch" they bought in Smithville, Tx. in the Texas oil boom of the 80's in the Austin chalk. It was pure dumb luck on their part. For a couple of years, they were getting royalty checks of 20k or so a month each. Then. the checks started getting punier, until they capped the well. As oil prices rose, some guys came out and injected stuff and squeezed a little more out, but it was just worth a couple of hundred a month to my friends, but eventually, even that petered out. Now. there's nothing to show but a capped pipe and a bunch of nasty waste in a ditch.