Trumbull County, OH
Things are heating up in Trumbull County and this is the place to talk about it. The Utica is looking more promising and, for better or worse, Trumbull County could be right in the middle of it.
Majors Have Big Dollars To Fund Takeovers
http://www.rigzone.com/news/oil_gas/a/141581/Major_Oil_Companies_Ha...
Take the above link and check it out.
I think it GREAT news.
What do others think ?
Joseph-Ohio
A lot of Jing is one half of one Trillion dollars.
One half of one Trillion = 500 Billion = 500,000,000,000
1 Billion = 1,000 Million = 1,000,000,000
@ $10k per leased acre ($10,000.00 per leased acre) it would take :
$1,000,000.00 (one million dollars) to transfer 100 (one hundred) leased acresÂ
$10,000,000.00 (ten million dollars) to transfer 1000 (one thousand) leased acres
$100,000,000.00 (one hundred million dollars) to transfer 10,000 (ten thousand) leased acres
$1,000,000,000.00 (one billion dollars) to transfer 100,000 (one hundred thousand) leased acresÂ
$10,000,000,000.00 (ten billion dollars) to transfer 1,000,000 (one million) leased acres
$100,000,000,000.00 (one hundred billion dollars to transfer 10,000,000 (ten million) leased acres
However, when they buy, they may also have to buy other things - like debt, equipment, tools, owned real estate / whatever they have to sell - unless the deal is for only leases.
So, bottom line is a half trillion is a lot of Jing but it seems to me to take a lot of Jing to be involved in the oil and gas business.
Nov 13, 2015