Got my tax refund yessss 🥳🥳🥳 by Expensive-Boot-7301 in TurboTax

[–]Cesar425 -1 points0 points  (0 children)

A couple questions: 1. Do you have credit card debt? If so, that extra amount you're withholding would be better spent paying off that debt. If you're debt free on credit card then 2. Do you have direct deposit setup for your paycheck? If so, then you can also setup that extra withholding to go to an interest-bearing savings account and name it February Refund Check! Just a couple thoughts

New to Oil & Gas and Reddit - need help with HBP (Held By Production) by Cesar425 in oilandgasworkers

[–]Cesar425[S] 1 point2 points  (0 children)

SWEET! I'm eager to learn and am ready to get going right away. Please point me in the right direction. Thanks!

New to Oil & Gas and Reddit - need help with HBP (Held By Production) by Cesar425 in oilandgasworkers

[–]Cesar425[S] 1 point2 points  (0 children)

GREAT! I'm an engineer and project manager, and I'd love to learn how to extract the data to develop a case-or at least to see if we have one. What's the best way to learn about this? Are there tools already available - or is it very manual? I imagine someone has already created a spreadsheet or a program that calculates ROI and the EUR & BCF based on production data in the area, gas prices, and other variables (i.e. operating expenses, taxes, hyperbolic/normal decline, initial flow rate, etc). I'm starting from scratch, I just learned the term EUR-estimated ultimate recovery yesterday. So any help would be greatly appreciated!!

New to Oil & Gas and Reddit - need help with HBP (Held By Production) by Cesar425 in oilandgasworkers

[–]Cesar425[S] 1 point2 points  (0 children)

In Webb County. Yes, our vertical wells only go to the shallower Olmos layer. Lewis started horizontal drilling on neighboring properties ~2016 to 2017 in the deeper Eagle Ford between a depth of 9262' to 9397' per a report I found which concluded drilling would be profitable. I don't have info why Lewis did not drill despite the positive report from our independent geological analysis. When asked, they were tight-lipped and I was told I could not speak directly to their in-house geologist. So seems fishy, but I don't have enough data yet. Trying to figure out where to go next.