India's 23 oil refineries have one big advantage that most refineries across the world don't: they can process highly discounted heavy crudes."Very few nations have that capability... With the… | The Core
India's 23 oil refineries have one big advantage that most refineries acr…
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This one oil well pumps out 15 barrels a day of light sweet crude. That’s about $30,000 a month in gross revenue. After paying royalty owners, severance tax, and operating expenses… it still clears $15,000 a month in net cash flow. So what’s it worth? On paper, about $550,000. But like I said... if you want it, I'd sell it to you for a million! Because in the oil patch, the math is one thing. The market, and what someone’s willing to pay, is another. Would you write the check? #oilwell #oilfield
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