KNOB LICK, Ky., Aug. 14 /– YOUNG OIL CORPORATION announced here today that it has drilled in 2 new oil wells in Metcalfe County, Kentucky that had initial production of in excess of 100 barrels and 30 barrels of oil per day, respectively.
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Cool for whoever owns the property.
Hi Kay,
Usually the owner gets 1/8, sometimes 1/16 of the per barrel price. Still not bad because the driller takes all the risk!