When my grandmother died a few years ago, I inherited about 1/500th of an oil well in Mississippi. My husband, a poor English boy who grew up watching Dallas on television, almost died himself of happiness.
"Relax," I said. "I didn't really inherit a complete oil well. We aren't moguls now." The checks I get from the oil company might be up to $100 a month but then I have to pay a share of the operating expenses too so that takes a lot out of it. So basically we might get 20 bucks a month out of it.
But Mel is so happy being an oil mogul -- he pores over the statements we get, just like he is JR Ewing.
Today we got papers about investing in some new deep-drilling operation. Mel is in heaven right now, looking over seismic surveys of the area, aerial maps of the proposed site and mineral leases.
I thought it was cute how excited he gets over nothing so took a pic.
7 comments:
"seismic surveys" you say, phwor!
It seems an odd time to get something like this with the current US political climate.
This proposed well wouldn't happen to be in the northwest louisiana/northeast texas area would it? There have been quite a few recent millionaires made in that area on gas wells.
Have fun Mel. You need a cowboy hat to wear while you look at that stuff!
No, Marty, it's near Yazoo City, I think -- Sartartia oil field.
Millionaires, you say?
Elizabeth, sign that cheque right now and send it back! We don't want to miss out when the millions start flowing.
I see what I presume is E's logic book there in the photo!
What are you going to do with all those millions, Mel???
Yeah Mel, millions. Some people have become instant hundred thousandaires and millionaires just off land leases, the competition for exploration rights has been so stiff.
One of our port engineers got 500,000 for his share of 500 acres he owns jointly with his two brothers. That area runs from around Shreveport, La. over toward Dallas.
One of the Natchez oilmen once mortgaged his mother's cow to raise money for a wildcat well. I'll ask my dad for the details, it's a neat story.
Oh no, Marty, don't encourage him. Already he's sent me an e-mail asking me to ask my aunt in New Orleans about the deep drilling -- it'll cost us thousands to invest though.
Lisa: good eyes. That is my logic book. I'm going to finish it on the train up to London tonight (chorus rehearsal).
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