Payson Petroleum – What is NRI?
Net Revenue Interest (NRI) For any given project, regardless of how the income is ultimately distributed to the investors, production is broken down into gross and net revenue. Gross revenue is simply the number of barrels of oil or cubic feet of gas per day that are produced, while net revenue subtracts both the royalties ...
Oil Boom Boosts Economy and Lowers Unemployment
Where else in the country can we find a 1 % unemployment rate? North Dakota has reaped the benefits of the recent oil boom in the Bakken Shale Formation. The jobs pay well and the work is hard, but the overabundance of jobs during these tough economic times have people flocking by the bus load ...
Drilling for Oil in our Own Back Yard
U.S. oil gusher blows out projections As the demand for oil and gas continues to rise so does our reliance on foreign oil producers. But, why are we giving foreign countries our hard earned money when what we need is right in our backyard? The article below found at fuelfix.com touches on this very matter.
O’Reilly & Lou Dobbs Discuss Domestic Exploration
Last Friday evening, January 17th, 2012, the hot topic on the O’Reilly factor was the ever-increasing prices at the pump. During an interview with Lou Dobbs (you can watch the clip below), Mr. O’Reilly shares some rather disturbing statistics: “since 2009, the price of a gallon of regular gas, is up 92%, and just in ...
Payson Petroleum – For you history buffs
The birth of oil in northwestern Pennsylvania can be traced all the way back to 1748 when the first map was published by Peter Kalm from Sweden, showing oil springs in Oil City,PA. But it wasn’t until August 27, 1859 that petroleum was unearthed in Venango County and Titusville. Edwin L. Drake drilled 69 ½ feet ...
Payson Petroleum – Where does energy come from?
Whether you are a Payson Petroleum partner or just searching the internet for information, we would like to educate you on every aspect of the Oil and Gas business. Having transparency as one of our goals, we would like our investors or future investors to be knowledgable about the business sector in which they are ...
How to Invest in Oil and Gas – Direct Participation
At Payson Petroleum, we not only want to give you our wisdom on investing directly into an oil and gas investment, but we want to give you some 3rd party references as well. This is an article that askhow.com published recently has some very good thoughts and points that any oil investment analyst should consider. ...
