Oklahoma Senate Passes Tax Hike on Oil and Gas

[CHenry]

If I go out and lease someone, I have to pay the exact same price and terms as ExxonMobil. Try again...

It ain't about price, it's availablility. I only know a little bit about this, I have 160 acres of minerals in Beckham co..

 

[RETOKSQUID]

All we need is a
Horse race track. That will save us.......
Casino. That will save us.
A new gasoline tax. That will save us.
If we only had the Lotto. That will save us.
We really need to tax Amazon. That will save us..........."

Weed! Legalized Weed will save us, my stoner neighbor said so!

 

[CHenry]

Weed! Legalized Weed will save us, my stoner neighbor said so!

And he's right.
Not only from the taxex but even more so, the billions we would no longer pay for incarceration of weed heads. Those numbers are real.

 

[RETOKSQUID]

And he's right.
Not only from the taxex but even more so, the billions we would no longer pay for incarceration of weed heads. Those numbers are real.

Oh I don't know... Pretty sure the state would screw it up somehow.

 

[CHenry]

Oh I don't know... Pretty sure the state would screw it up somehow.

Well there's absolutely that risk lol

 

[Shadowrider]

It ain't about price, it's availablility. I only know a little bit about this, I have 160 acres of minerals in Beckham co..

It's very simple. I want to lease your minerals and I offer to pay pay you $X per acre. You say "nope it's going to take $XX". I either agree or haggle more until we do agree. The only other outcome is that I don't get the lease and you still have them to lease to anyone else that will pay your price. Availability isn't an issue, it's strictly a yes or no deal with no grey area whatsoever. If we agree and I get the lease and don't drill guess what happens. When the lease expires you get to lease again and you never pay me back the money I paid you. And it may well be me that leases you again too. It's a simple deal between two parties put on paper, signed, acknowledged and recorded at the courthouse, all legal like. That's it.

You wanna sell that 160 in Beckham?

 

[CHenry]

If it's already leased for 3 years, your whole post is nule n void. And they are known to lease up everything in a hot zone whether they ever drill or not.
Mines been leased dozens of times since the 80s, never a drill has touched it.
Quit making this a pissing contest, you maybe talking to some one who knows a thing or two.

 

[Shadowrider]

If it's already leased for 3 years, your whole post is nule n void. And they are known to lease up everything in a hot zone whether they ever drill or not.
Mines been leased dozens of times since the 80s, never a drill has touched it.
Quit making this a pissing contest, you maybe talking to some one who knows a thing or two.

I do this for a living. You wanna sell or not? No? Danggit!

 

[LightningCrash]

Doerflinger warned us, they just attacked Doerflinger for pointing out the obvious.

 

[Biggsly]

Smaller guys typically have a tough time with thinning margins..... from my experience. Not a lot of small guys popping up right now.

It's hard. I had an llc that I worked on the side for years. Most location require you to carry 3-4 million in insurance for everyone on location. That is not cheap. Then people forget that after the states wants more and more money. The Feds are waiting for their cut. It is hard for a mom and pop to make it. I know many who tried.