Up Through the Ground Came a Bubblin’ Crude
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.
Cool for whoever owns the property.
Usually the owner gets 1/8, sometimes 1/16 of the per barrel price. Still not bad because the driller takes all the risk!