Another very busy, mentally exhausting day.

An unscheduled morning meeting consumed the majority of my morning. But it was very informative and educational.

Best part was it took place impromptu at the farm shop and when the gentleman took a phone call, Hag helped me put the last dual tire on the 8310. (Hag did scold me for not calling him the day before).

After a break, we went to Lance's office for about two and a half hours. Also another good meeting. I didn't know if Lance and the other gentleman would gee haw, but they hit it off well. Lots of good information was exchanged.

We are not in any hurry to jump in on the oil lease deal, although we did turn down $500/acre and 22% override prior to lunch.

I think between now and February 24th a lot of stuff is going to change. February 24th is the end of the prospect expo where oil and gas leases are grouped and traded. We are hoping to avoid being flipped the initial time and capitalizing on it by getting more for the leases and selling to a driller at a better price than the flip.

A sobering thing was to learn that there would probably be no drilling on any portion of the area by the end of 2012. Our man says the drilling will go on for years and years if the field is viable.

Learning all sorts of terms, Pugh clause, continuous drilling clause, contiguous, contemporaneous, black shale, Strawn, Mississippian, commercial field, vertical well, horizontal well, directional, play, pay, kitchen, and the list is almost endless.

Many common words have a special meaning in the oil business.

My next stop was a visit to Memama's banker. Short and sweet. Just to keep them on the edge of the loop. I could tell this man and his family had jumped in on the lease business very early and very cheap. I could also tell he was extremely curious about what we had going on that no one else does.

He is still wondering.

Our contact told us that his could be a fairy tale come true. Only two wells have been drilled in this formation, one northeast of Rotan and one northwest of Roscoe. The formation is 220 feet thick at Rotan and 335 feet thick north of Roscoe (about a mile from Memama's barn). The oil is there, they believe they have the technology to harvest it, but they won't know until the first well is completed. It must be a commercial field.

$7.5 million to drill one well.

Final business with the attorney was the three acre track. He told me to go forward with it. I am headed to FSA today. Probably an altercation with Mr. Cumbie in the future.

One thing I will say about Lance. He loves a fight. I'm glad to have him in our corner.

If things go well, I may get to ride around on a tractor a while today.

Have a day!

FATHER, than YOU for giving us opportunities, for putting people in our lives for a purpose. Help us to be fair, yet committed, strong, yet approachable. Help us to make good choices. For YOUR love,I am thankful!