This is the only part that interests me at this point. Daryl Crowe Jr’s nephew is the actual landman.
These wells have produced and some are still producing a little from shallow wells. The shallow wells should be drawing from pockets that leaked up from the shale. Horizontal drilling and fracking should have a really high hit rate but is expensive. He’s looking to package 50 leases for pennies on the dollar to put together a large enough area for someone with the money to drill to buy a piece of it. It may not work but he is only out the cost of the leases in that case
It’s all a gamble. They actually did a great job of explaining the risk/reward involved as well as how risk averse most banks are as Monty’s big play deal unfolded (he’s financing 100%, will get his money back and a huge windfall if it hits but if the first few wells are dry he loses the whole 300M.
I am tired of the wife as whore and daughter as whore in training subplot no matter how hot they are