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top economics for oil anywhere within the lower 48 United states. The oil sold by Crimson in this location is priced determined by West Texas Intermediate. West Texas Intermediate could typical $90 per barrel over the following 12 months. It has traded Pjs Jacket above $90 per barrel for most of 2013. Crimson estimates its unbalanced Buda nicely will expense $4 million to drill, comprehensive, and location into production. Power have been not too long ago in a position to purchase back a few of the royalty rights on this lease and they now only spend a royalty of around 18.5%. Additionally they will have to Womens Pjs Uk
spend Texas production taxes of around 6.5%. So each and every barrel of oil sold comes with an expense of 25% off the leading. Additionally, the firms would have lease operating expenses of about $7.50 per barrel. Energy could be expected to net approximately $60 per barrel of oil sold.