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Land Rush
It appears that we cannot lease the acreage in Section 7. The landowners are savvy. They know what we paid their neighbors to the South. They will not lease to the North. Unless we pay a bonus of $25,000 per acre. Maybe pay a higher royalty.

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00:00 - 00:03It appears that we cannot lease the acreage in Section 7.
00:04 - 00:05The landowners are savvy.
00:05 - 00:07They know what we paid their neighbors to the South.
00:08 - 00:12They will not lease to the North.
00:12 - 00:15Unless we pay a bonus of $25,000 per acre.
00:17 - 00:19Maybe pay a higher royalty.
00:19 - 00:21Maybe a gift certificate to Applebee's?
00:24 - 00:26Sir...
00:27 - 00:28They...
00:31 - 00:33They are vegetarians. Applebee's will not work.
00:34 - 00:36They demand $25,000 per acre.
00:53 - 00:58All secretaries and staff, get out now. Lock the door.
01:13 - 01:15What the hell are they thinking?
01:15 - 01:17I knew we should have never started paying such high bonuses.
01:18 - 01:23I should have trusted my own instincts.
01:25 - 01:28What do they think is going to happen?
01:29 - 01:31we're #@#$!
01:31 - 01:34Now what will we do.
01:34 - 01:37What about the other acreage I asked you to lease?
01:37 - 01:40Certainly you were able to lease that acreage?
01:40 - 01:42Sir, the acreage was already under lease.
01:42 - 01:46You told me that they were ready to sign. Ready to sign!
01:46 - 01:48Sir, maybe we can take a top lease.
01:48 - 01:52A top lease is worthless
01:53 - 01:54It's worthless
01:56 - 01:57I have been in this business for 30 years.
01:57 - 02:00Never have I taken a top lease.
02:00 - 02:03A top lease is garbage.
02:04 - 02:08Are you kidding me?
02:08 - 02:13You should have gotten an assignment.
02:14 - 02:16I have a rig on standby.
02:17 - 02:21Do you have any idea how much it cost me? Thousands!
02:27 - 02:29We are doomed without a lease.
02:30 - 02:34If only you had listened to me. I told you.
02:34 - 02:36We cannot pay $25,000 per acre.
02:41 - 02:42It's too much.
02:43 - 02:47I cannot trust you any longer. You're traitors!
02:48 - 02:53Certainly you could have offered them something.
02:54 - 02:56$25,000 per acre.
02:56 - 02:59Do you have any idea how much it costs to drill a well?
03:00 - 03:02It will never payout! never!
03:04 - 03:07It's okay - there are jobs in Pennsylvania.
03:14 - 03:16Now I will have to fire the staff.
03:19 - 03:23Give them one week's severance pay.
03:25 - 03:26I may need a place to stay.
03:31 - 03:33A roof and a warm bed.
03:40 - 03:46I will bring my own towels and sheets, but I need a cook.
03:46 - 03:49Maybe it's not too late to start over.
03:53 - 03:56What is the day rate in Texas.