Could anyone help me with a little research on an oil play in the south (Colorado) as the more I do the more I'm confusing myself?
Was just wondering what royalties or taxes might be paid (if any) to either federal or state govs. if the oil company actually owns the land, and secondly what would be a rough acreage value given to
land that was found to have wells producing about 1400-1500 bpd?
Any help or guidance would be much appreciated. Thanks guys.
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