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When you look at the US production, eighty three percent of your oil,

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ninety percent of your gas, and
more than ninety percent of the wells drilled

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are drilled by roughly nine thousand independent
companies that average twelve and boys or less.

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That's the American oil industry. And
so when looking well, just look

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at your podcast Financial survivor well,
how do you survive? During this time?

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00:00:22,039 --> 00:00:27,199
You are listening to Kerry Lotz's Financial
Survival Network where you get valuable information

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00:00:27,280 --> 00:00:32,679
you just can't find anywhere else to
thrive in today's trying times. You need

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the Financial Survival Network now more than
ever. Go to Financial Survival and Network

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00:00:38,679 --> 00:00:45,359
dot com and get your free newsletter
and gift. Financial Survival Network now more

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00:00:45,439 --> 00:00:53,479
than ever. And welcome. You
are listening to watching the Financial Survival Network

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and I'm your host, Kerry Loves
Well. Just when you thought it was

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safe to plug in your EV,
we're finding more lithium. Isn't it wonderful?

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But oil is not yet dead.
RJ. Burr, Senior VP of

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his family company Panics. R J. You've put together more than four hundred

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million dollars worth of the partnerships and
that's over sixty deals. You put together.

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You're an expert in this, your
family has been in it, You're

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in Louisiana, and hey, somebody
told me recently that the age of fracking

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is ending. You believe that?
Well, no, no, I mean

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there's there's arguments on all sides,
and when people are dealing emotionally, it's

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easy to tap into people's emotions and
get him to get him to not like

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the boogie boogie man. And I'm
one of those guys. I love movies

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and one of my favorite quotes from
a movie was from the Usual Suspects when

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he said the greatest trick the devil
ever ould was convincing the world he didn't

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exist. And honestly, I believe
I like to mold that to today.

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And the greatest trick environmentalist ever pulled
was convincing the world that hold with back

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because there's been more gang civilization wise
and society wise rewaring gas than any other

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product. And but what maybe,
like a maybe the age of fracking is

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going to go, but we're in
being the age of refracking, right yeah,

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Well, I mean, well,
we don't even know what's on an

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adic oceans. Do you really think
we know how much oils in the ground

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across the globe. They can give
estimates, they can guess, but nobody

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really knows how much. How much
is in the Gulf of Mexico. It's

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just stuff leaks out all the time, exactly. I mean, does it

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regenerate? Is it really? Is
it biotic or is it a biotic?

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Does oil regenerate that gas certainly seems
to right. You give it enough time,

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I mean, you go give it
up time you have if you have,

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you know, say a formation that
was empty and something happens geologically where

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it attaches to another formation, Yes
that could refill, but there's always an

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explanation as to why it doesn't.
But the main thing you really look at

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when it comes to the oil is
well, I had a partner send me,

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send me a picture the other day. We were having a discussion on

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environmental concerns. And you know what
an eyesore truly was. And the picture

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he set me. On the one
half of it, you have this beautiful

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pristine hill, sun setting in the
background, trees, and yes there was

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a pump jack on top of the
hill and that was you know, and

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that was one picture. Well,
on the other side was a lithium mark,

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and at the bottom of it says, now, who's destroying the environment.

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And what about the windmills? What
about those ugly, hideous looking windmills.

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Probably that we're on the other side
because down south, especially in Texas,

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got wind all the time. And
then what about all the wells that

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are getting killed from erection of off
site to the windmill farms. I mean,

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we spent billions of dollars getting these
guys off the endangered species list,

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forcing the world not to hunt and
basically kill wales, and now we're building

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these windmills that offshore that are killing
them all. I mean, you tell

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me kill mother Nature, thence,
let's kill mother nature to save mother Nature.

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We got to kill the village to
save it, like they said in

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Vietnam. Right, Well, it
just it goes back to the complete disingenuous

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nature of the argument to begin with. I mean, when you look at

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it, honestly, we're not talking
about killing Mother Earth. We're talking about

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killing the human race. When we're
long gone, are still gonna be here.

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She's gonna make it, and she
was here long before us, She's

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gonna be here long after us.
We're just talking about the composition of what's

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better for humans. And I look
at it and say, okay, hey

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they're complaining about CO two, Well
what breathe? C O two? But

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the building me is that more plants
wouldn't there and or anything you look at

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well you look at the at the
data. Aren't you look at the green

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growth, the coral growth. Do
you look at the growth over the last

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twenty five years that if you actually
go out and get a verified scientifical report

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that shows this growth and you post
it on the social media account, they'll

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flag it as false information. Well
why would they do that when it's because

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it's all disingenuous there, there's a
different agenda to it. It's uh so

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what is the jett though? What
are they have to Honestly, you don't

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want to jump down the rabbit hole? But I look at it this way.

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If they turn every car into an
electrocute, how do they stop you

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from going a where they flip the
electric golf? If you're during they hack

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the uh the AI and it makes
you run around in circles all day?

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Right? Yeah, it as long
as I got to take a gas,

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I'm mobile. It doesn't matter what
you do. I'm still mobile. Unless

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you want to come to break my
engine. And so I mean, it's

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it's just it, it's it's distant. And then they don't do the math.

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One plus one will always equal to
well math. I don't want to

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say the R word here, but
you know what I'm saying. Math,

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Math has a history. Needs that
airplanes are too, and everything all our

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technology based on math. You can't
get away from math. And yet they

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want to teach it in such a
way that nobody, nobody gets it anyway.

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Well, hey, well let's not
go down that rabbit hole. Meantime.

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Uh, if we need the oil, all right, we're gonna have

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to do a massive program to drill. Right, it's going to be massive.

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Once we really shortage this, we're
gonna right, I mean not no,

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not if we turn't loose. Yeah, that's ever. Everything that happened,

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everything that's happening right now is selfing
in what human nature dictates is that

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humans are not going to choose to
lower their living standard when that's not a

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choice they have to make. And
so yeah, I can force us to

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do all this, but eventually it's
going to end because it's not logistically it's

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impossible. It is just not feasible
to do to do what they're wanting to

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do. And so when you take
when you take the bedrock of all society,

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and people will argue all that,
but look, the bedrock of all

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society is energy. If you if
your country does not have energy, you're

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a third world country. Go ask
the Germans, would they rather have their

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natural gas or they want to keep
cutting down their force for firewood. I

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believe they'd rather have their natural gas. Then you look at oil in general,

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you realize fifty percent of the world
production is consumed by seventeen percent of

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the world's population. Eighty three percent
of the world's population is just now beginning

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to use oil. What do you
think that's going to do to demand?

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Now you look at it. In
twenty fourteen, we invested worldwide roughly a

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trillion dollars an upstream to about finding
more one today that's about sixty percent off

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of what it was. So we're
not investing enough to find more oil.

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So we're not producing enough to cover
what our demand is. Right now,

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our demands about ten fifteen million barrels
a day more than we produce. They

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expect that number to be over thirty
million by twenty thirty. So when you

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look at all these dynamics and then
you say, okay, surely there's something

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that they have up their sleeve to
replace all because a kindergartener can predict where

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this is going to go, where
this train wrecks happening. Well, all

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of a sudden, you go,
well, is it solar? No?

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To produce the amount of energy the
United States consumes annually, it would take

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a solar corban using the most technologically
have banned solar panels on the market the

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size of New Jersey, and would
require the sun to shine three hundred and

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sixty five days a year twenty four
hours a day. It Arizona summertime intensity.

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It's just it's not feasible for it
to happen. And so one day

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somebody, some wizard of smart,
is going to come up with some invention.

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He's going to come up with the
greatest thing since slice bread that will

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replace oil. How does that happen? Yet? And looking at human nature,

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if you had made the most important
discovery in the history of band which

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would be the replacement to oil,
well, I believe you'd tell somebody about

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it. And I don't hear anybody
taller than that you would think, Hey,

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so a hundred years we've been doing
us. Remember what we had before

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we had oil. We hadn't energy, you know, and energy is like

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green energy. You know, it
came out of the tailpipe of all these

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horses. New York City had six
feet of maneuver downtown and you had disease,

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you had outbreaks, not to mention
the stench of the place. So

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you know, they were happy to
get tailpipe pollution to get rid of all

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the horse pollution in New York City. They want us to go back to

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horses or jay, Well that they
can. They can have horses all they

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wanted. I love horses. I
got horses and love writing. When I

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choose to ride them, I want, you know, so I don't slick

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at them my horse and ride into
the offices that take me all day.

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Yeah. Well, it's just one
of those that I look at times like

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we're in and when you look back
through US history, at every crisis point,

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at every moment there was an economic
crisis, there have been a group

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of people that came out of the
other side looking like geniuses. And when

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you string their stories together, there's
really only two common characteristics that they shared.

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The first is that when the crisis
happened, they had cash on hand.

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They were liquid, so they could
do something. Well, probably more

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important or as important as being liquid, when their opportunity presented itself, they

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had what my dad calls intestinal fortitude. They had the intestinal portitude to push

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the chips in the middle of the
table. Yeah, I can't go and

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so well, we saw happening,
and you know what, we've been doing

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this a long time. This is
not this is not. Our first rodeo

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was on. I was in the
first field in lil In, Texas when

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I was seven years old. That
was the first time my dad took me

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to go a oil paction and get
out of the gard. If anybody's ever

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been to Louling, you'll know there's
a distinct smell to Louling. And when

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I get out of the car,
I was like, Dad, what's that

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00:11:18,440 --> 00:11:20,200
smell? Because you know, it
was like you've never smelled it. Cour

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smells pretty bad. And it's like, Dad, what's that smell? He

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goes, maybe that's money. And
that was my introduction to oil. Well,

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I've been hooked everydays. Yeah,
and well, because it's the it's

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the it's the engine that runs the
world, I mean every world. You

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look at the standard of living perse
aside, the average American consumes two point

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six gallons of oil a day.
The average civilized society across the globe average

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is one point six gallons of oil
a day that they can sit you want

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00:11:48,799 --> 00:11:54,399
to traverge world. The average derb
world country point three gallons. It is

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a direct correlation to your society standard
of living is how much oil they consume.

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And most people don't realize oil is
in everything from our clothes to plastics,

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to our cars, everything to the
medicine, everything we do. I

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would be willing to bet and you
could grab any American, if any city,

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just reach out and grab them,
and they will have at least two

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whole products on them at any given
time. And man, these people don't

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realize that. And so when you
when you see everything, because it's really

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clear, when you step back and
just look at it, you see that

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we're not investing enough, we're not
producing enough, demands too high, there's

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nuh and to replace it with.
Well, the final factor is the true

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American oil industry. Most people have
no idea of who the American oil industry

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is. When you look at the
crash from April twenty twenty. When that

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crash happened. If you grab the
average American that says, well, how's

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it going to affect the American oil
companies, they say, well, it's

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Exxon, it's Chevrol. They'd pick
one of the majors and said they're big,

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it's not going to hurt them as
much. Well, in all honesty,

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not to no disrespect to them,
they are who they are, but

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they're not American companies. Just because
they're based in Houston doesn't mean they have

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what's for the best intent getting their
printing from overseas for sixty years now exactly

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exactly. And so they're beholding to
their stockholders. And once again I have

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no problem with that. They're their
own company. They can do what they

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want, but that's who they're beholding
it. When you look at the US

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production, eighty three percent of your
oil, ninety percent of your gas,

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and more than ninety percent of the
wells drilled are drilled by roughly nine thousand

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independent companies that average twelve em boys
or less. That's the American oil industry.

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And so when looking well, just
look at your podcast Financial survivor,

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Well, how do you survive during
this time because we're all in the oil

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business. RJ. It's a big
excrement sandwich and they want us all to

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take a bite. Yeah, but
you know what, I figured out a

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way to make that ship sandwich taste
good and make you some money while doing

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it. All right, tell us, tell us how do we well,

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do you make you any money?
RJA? How can you make no?

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Like seven minute ago, everybody is
in the whole business, whether you want

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to be or not. If you
live in a modern society, you always

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have money going out of your pocket. Tool Well, well, we simply

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put our partners in a position where
they have money coming from it. This

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is a great thing. Like I
came up with a system where the average

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household can pretty much hedge most of
their commodity purchases because we're all in the

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commodity business. You buy food,
guess what, wheat corn, everything's a

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commodity. You buy energy, You
buy electricity, all of its energy.

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So the key is you invest in
the companies that produce that stuff because you

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know that it's going to get more
expensive and therefore your profits are going to

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go up. So if you can
get closer to the wellhead like with you,

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then that could be a great thing. Right oh without it now now

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look, and don't get you wrong. By nature, I don't want anybody

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to think this, it is easy. But by nature, oil and gas

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is speculat If anybody ever tells you
different their lines, who wait, it's

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00:15:05,559 --> 00:15:09,799
much easier than it ever was.
Man, you used to get two You

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00:15:09,919 --> 00:15:15,840
used to get two gushers and eight
dry holes. Now you get nine gushhers

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00:15:15,879 --> 00:15:18,120
and one dry hole. Right,
well, if you're in the right area,

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well, if you're in the right
kids, and then we're obviously going

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to drill. Well that that's the
key to it, because when it comes

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00:15:24,639 --> 00:15:26,759
to when it comes to being successful
for your partners, because that's that's the

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name of the game. Everything we
do here is based on our partners,

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00:15:30,960 --> 00:15:33,799
because if we don't win for them, they don't keep investing. And all

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00:15:33,840 --> 00:15:35,279
of a sudden and I sell them. Sign goes in the front door.

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00:15:35,799 --> 00:15:39,799
And So when I was telling you
a minute ago, before we before we

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00:15:41,039 --> 00:15:46,159
got on that we essentially we'd had
two lives in all My first life in

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00:15:46,240 --> 00:15:50,879
all ended. When marithon my family
is coming and we crank back up six

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00:15:50,960 --> 00:15:52,639
years ago, me and my dad, my brother. We knew we'd be

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successful. We're good at it.
We've been doing this a long time.

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00:15:56,200 --> 00:15:58,279
And when knew the path to do
what we wanted to do would reveal itself.

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As long as we were patient,
as long as we're diligent, everything

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we did and what we saw coming
was really we saw Saudi Arabian Russia.

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Because whether you like Trump or not, what he did was he completely changed

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the power structure in the war world. When OPEC was created, they became

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the center of the whole world.
Well by us increasing our production as much

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as we did, all of a
sudden, they didn't have a say as

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00:16:23,320 --> 00:16:27,039
much. And what price per barrel
was Resident Trump knew that we had to

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keep the price such where it made
it worth all companies going out and finding

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yet, but we had to keep
it down enough where it wasn't killing the

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consumers. And he found that equal
balance. Well, it's two bucks two

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00:16:40,600 --> 00:16:45,600
bucks a gallon, guests sleep roughly
sixty dollars a barrel, Yeah, roughly

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00:16:45,639 --> 00:16:48,399
that the sixty to sevent He was
roughly this this sweet spot. Well,

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00:16:48,440 --> 00:16:52,720
then all of a sudden, Russian
and Saudi Arabia started increasing their production.

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And what we saw was them pushing
the price down, tried to get it

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00:16:57,039 --> 00:17:00,600
the wrong growth a barrel, Well
it was to flow out. Yeah,

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00:17:00,720 --> 00:17:03,839
well its essentially it was. It
was an economic war with the shale industry.

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00:17:04,160 --> 00:17:07,519
Yeah, they were trying to put
in the show industry out of business

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and so that that's really what we
saw coming. And so we got started

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00:17:11,480 --> 00:17:14,640
getting our pattery drive, we started
getting our cash ready because we knew once

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00:17:14,759 --> 00:17:18,559
that happened there would be some acquisition
opportunities. Well, then a funny thing

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happened. Then all of a sudden, Corona came. And what Corona did

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while the while we were wrong on
what the trigger would be. We thought

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the trigger would be the Russian Saudier
rape. The trigger was Corona it but

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the result was the same thing.
It took rough way what we thought would

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00:17:34,880 --> 00:17:38,920
take eighteen to twenty four months and
crunched it down in the thirty days.

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00:17:40,720 --> 00:17:44,440
And the first thing that happened on
April twenty when the prices dropped, that

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00:17:44,519 --> 00:17:47,720
was the first wave of your independence. Were locked out. Most of those

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00:17:47,720 --> 00:17:52,720
companies were either beginning companies or companies
were on shaky financial ground, but all

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00:17:52,759 --> 00:17:55,799
of a sudden, when prices crashed
like that, boom out of business sign

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00:17:55,799 --> 00:17:57,920
goes in there front window. Well, the next wave that got knocked out

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00:17:57,920 --> 00:18:02,920
for a couple of months later when
we sent everybody home for COVID. Your

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00:18:02,960 --> 00:18:06,400
companies that could pay their employees to
come back to the field, they were

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the ones that survived. The companies
that couldn't, all of a sudden,

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they were gone too. And so
once you had was you had a clearing

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00:18:12,279 --> 00:18:17,920
of a deck that hadn't happened in
my life and oil and all of a

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00:18:17,920 --> 00:18:22,839
sudden, now well really for the
first time that well, it's only happened

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00:18:22,880 --> 00:18:26,559
once in forty years, and that's
a company becoming a major one hundred million

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00:18:26,559 --> 00:18:30,400
market cap on American production alone.
It's only happened one time in forty years.

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And so all of a sudden,
we saw an avenue where hey,

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we can acquire some significant reserves for
pennies on the dollar. And that's exactly

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00:18:40,119 --> 00:18:44,079
what we started doing. We started
buying up leases and in the end and

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00:18:44,119 --> 00:18:47,559
we're still in We're still in the
acquisition process. We thought we thought that

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00:18:47,599 --> 00:18:49,880
window would close in twenty two.
We thought grown ups would return, but

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00:18:52,119 --> 00:18:56,880
asked the grown ups, are Jay
have left the building? Yeah? Will

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00:18:56,519 --> 00:19:00,680
I was at Seaback earlier this year
and I had a kid from PBS come

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00:19:00,720 --> 00:19:03,599
up to me and he says,
you're the wool guy, aren't chi?

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00:19:03,240 --> 00:19:06,400
I will, well, yeah,
He said, well, well, who

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00:19:06,440 --> 00:19:08,119
do you want to win in twenty
four as it? Well, it depends

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00:19:08,119 --> 00:19:11,559
on what me you ask? I
said, what do you mean as it?

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Well, if you ask the average
me, the guy that lives here

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00:19:15,680 --> 00:19:19,799
just like you, I want rebulicives
to win because I know prices will stabilize

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00:19:19,960 --> 00:19:23,519
and I know we'll understand the world
we live in again. However, if

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00:19:23,559 --> 00:19:27,079
you ask the wool and gas guy
in me, I want binding them to

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00:19:27,079 --> 00:19:30,799
win. He said, really why? I said, because they're going to

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00:19:30,920 --> 00:19:34,079
keep attacking AID, keep staring people
away from and to keep running people all.

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00:19:34,319 --> 00:19:37,519
And you know what I'm gonna do
while they're doing that, I'm gonna

281
00:19:37,599 --> 00:19:41,359
keep buying it because what's gonna happen
all of a sudden, The illusion's gonna

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00:19:41,400 --> 00:19:45,920
bust all of a sudden, the
Ether's gonna wear all if people are gonna

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00:19:45,960 --> 00:19:51,039
realize, oh my god, nothing
can replace oil, at least not right

284
00:19:51,079 --> 00:19:55,440
now, and they're gonna be running
back. And when they do, person

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00:19:55,480 --> 00:19:57,240
owns the lol is gonna be sitting
in a pretty good position, aren't they.

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00:19:57,759 --> 00:20:03,799
You gotta be at And so that's
what we've done. We made twenty

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00:20:03,799 --> 00:20:07,599
three different acquisitions and secured a well
we believe to be over one hundred million

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00:20:07,599 --> 00:20:11,519
barrels of reserve. And really all
we're doing right now is developing. Now,

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00:20:11,599 --> 00:20:15,319
what I tell partners, the best
thing they could do, especially somebody

290
00:20:15,359 --> 00:20:18,880
who's never looked at us before,
go to our website. It's pan x

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00:20:18,920 --> 00:20:25,000
dot us slash learn Yeah out of
that page was specifically designed for partners that

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00:20:25,039 --> 00:20:27,519
have never invested with us. It
gives you an idea, just a general

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00:20:27,640 --> 00:20:32,359
education on the wall industry, what
the uses of a wall are, how

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00:20:32,400 --> 00:20:34,039
we develop wells, how we drill
wells, just kind of gives you a

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00:20:34,039 --> 00:20:38,079
basic thumb sketch of the industry,
gives you a basic numb sketch of the

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00:20:38,079 --> 00:20:41,839
tax codectits. Look, you don't
do all for tax panetics, don't give

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00:20:41,839 --> 00:20:45,519
me wrong. I had a partner
one time. I said, well,

298
00:20:45,519 --> 00:20:47,440
mister Johnson, you can write it
off. He said, if we wanted

299
00:20:47,440 --> 00:20:51,200
to write it off, I give
it to the boys cous and so I

300
00:20:51,279 --> 00:20:52,960
was young, and you know,
it was one of those last call.

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00:20:52,039 --> 00:20:56,559
Okay, that made sense to and
so you don't do it for the tax

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00:20:56,599 --> 00:21:02,359
benefits. However, to dismiss the
tax benefits wouldn't be that'd be ridiculous.

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00:21:02,359 --> 00:21:07,119
Because when you invest in direct participation
programs, when you invest in drilling wells,

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00:21:07,720 --> 00:21:10,680
Uncle Sam's roughly going to pay for
a third of the investment. Now,

305
00:21:10,720 --> 00:21:14,319
I'm not a CPA. Everybody varies
a little bit, but going in

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00:21:14,519 --> 00:21:18,400
and year one, before I've even
produced one barrel of oil, I've already

307
00:21:18,400 --> 00:21:22,759
made the partners thirty three percent on
their money. And then we don't pay

308
00:21:22,799 --> 00:21:27,720
any taxes on it through the depletion
allowance, and you keep rolling over your

309
00:21:27,799 --> 00:21:33,319
investments and you never pay any taxes. Wow, I hadn't got I've got

310
00:21:33,359 --> 00:21:40,799
partners right now that we'll be receiving
revenue from their wells. I'd be willing

311
00:21:40,839 --> 00:21:44,319
to bet for the next twenty five
years. So what's our r R on

312
00:21:44,400 --> 00:21:48,799
your average deal? Bar jauh?
It depends on what how do you look

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00:21:48,839 --> 00:21:52,839
at the deals if it's in the
drilling programs, and just where's the straight

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00:21:52,920 --> 00:21:56,079
drilling. We have some equity programs
we've run also in the drilling programs.

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00:21:56,559 --> 00:22:00,960
I'd say after tax inefates we're averaging
were from twenty five to forty percent from

316
00:22:00,960 --> 00:22:06,160
a program we're doing well, yeah, we got we got one program that

317
00:22:06,240 --> 00:22:07,960
now this is more of an equity
fund, but they own a piece.

318
00:22:08,880 --> 00:22:12,519
What we'll do whenever we acquire a
field, the first thing we'll do is

319
00:22:12,519 --> 00:22:15,799
we'll fund. We'll put together fund
to cover the entire field, and we

320
00:22:15,839 --> 00:22:19,000
basically kick start the field. We
put the infrastructure in and we give those

321
00:22:19,039 --> 00:22:22,839
partners a piece of every well we
draw in the field, regardless how many

322
00:22:22,839 --> 00:22:26,759
wells there are. Okay, so
let me ask you. Are you buying

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00:22:26,000 --> 00:22:33,480
any producing fields now or the stood, So what's your criteria? Do you

324
00:22:33,519 --> 00:22:37,599
look for a value add on a
producer so that you can how we love

325
00:22:37,640 --> 00:22:41,960
salt domes. We love salt domes. And the reason we love salt domes

326
00:22:42,200 --> 00:22:48,240
is one, well, there's really
two races. One is the lack of

327
00:22:48,279 --> 00:22:52,279
competition. Most people don't want to
drill and solve those. It's a working

328
00:22:52,359 --> 00:22:56,000
man's field. You have to have
somebody up location dealing with the well every

329
00:22:56,079 --> 00:23:02,039
day. And so it's it's something
that to deuce and rill salt doug fields

330
00:23:02,119 --> 00:23:04,839
or did and so those companies don't
have the will or the expertise, and

331
00:23:04,880 --> 00:23:08,799
so they stay away from well.
That's one reason, but the main reason

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00:23:08,839 --> 00:23:14,240
we love them is salt dumes were
your original old fields, and salt domes

333
00:23:14,240 --> 00:23:17,640
were the spendal tops. They were
the fields that got the old moon going.

334
00:23:18,279 --> 00:23:22,440
If a field lad your old old
companies. I guess the best way

335
00:23:22,440 --> 00:23:26,559
I could describe them that they're about
like spoiled kids, and a spoiled kid

336
00:23:26,559 --> 00:23:30,480
their favorite toys their next toy.
And so what they would do is they'd

337
00:23:30,480 --> 00:23:32,880
go out, they drill a well, they'd hit it, they'd all cut

338
00:23:32,880 --> 00:23:34,920
back blips. Well, they drove
bobrom denmore wells. Well, then all

339
00:23:34,960 --> 00:23:40,920
of a sudden they drill another well
five miles away and hit it. Well,

340
00:23:41,000 --> 00:23:42,079
then they'd pick up everything they add
right here and go over there.

341
00:23:42,440 --> 00:23:45,200
Well, how much oil did they
leave right here? Because they really didn't

342
00:23:45,200 --> 00:23:49,319
have the technology. You know exactly
what they don't know the secondary recovery.

343
00:23:49,519 --> 00:23:55,200
Now, things like pollen are flooding. We've got to upgrading where you can

344
00:23:55,240 --> 00:23:59,680
take heavy oil turned it into better
than WTI. We don't even have to

345
00:23:59,720 --> 00:24:04,200
do that. We're drilling traditional wells
the same way they draw them joinal verticals,

346
00:24:04,759 --> 00:24:08,160
no cards. Yeah, well,
I mean it's it's it will never

347
00:24:08,200 --> 00:24:11,920
be a straight line sun on a
solid dome at moves, and we do

348
00:24:11,960 --> 00:24:15,319
put a directional bid at one point
to target. We have yeah, one

349
00:24:15,440 --> 00:24:18,759
section that's kind of getting in the
weed, but we we have one section

350
00:24:18,799 --> 00:24:21,680
where we put a directional bit in
there to toilet his own. But then

351
00:24:21,720 --> 00:24:25,240
we pull it all back out and
let it go naturally. But all we

352
00:24:25,319 --> 00:24:27,759
really do, I'd love to I'd
love to say that it takes a rocket

353
00:24:27,799 --> 00:24:32,880
scientist to explain what we're doing,
but it's not. All we're doing is

354
00:24:32,880 --> 00:24:36,720
going in fields that weren't developed and
we're developed, you know, and we

355
00:24:37,079 --> 00:24:38,240
stand on the show where it's the
giants and get what they left behind.

356
00:24:38,599 --> 00:24:44,079
Okay, So all Jay for really
appreciate you're filling us in. We're definitely

357
00:24:44,119 --> 00:24:45,880
going to have you back on the
show. You're going to defer one of

358
00:24:45,920 --> 00:24:52,319
our regular go to guys for energy
because energy is fundamental. Like you said,

359
00:24:52,359 --> 00:24:59,519
oh, we basically be in the
fields now pretty much with our pickaxes

360
00:24:59,599 --> 00:25:03,079
at our sites cutting down wheat and
uh, you know, half the world

361
00:25:03,079 --> 00:25:08,160
would have starved already, maybe two
thirds of it so, Hey, tell

362
00:25:08,279 --> 00:25:14,039
us the website where we find you, how we connect with you panax dot

363
00:25:14,119 --> 00:25:18,160
us slash larn and then my email
is r J Burr at pan X I

364
00:25:18,359 --> 00:25:22,799
U S P A n e X
dot us. Excellent. When that will

365
00:25:22,880 --> 00:25:29,720
we hope be one Well we have
we have one standing standing guaranteed you ask

366
00:25:29,799 --> 00:25:32,839
them ask us a question to do
we don't know the answer to, we'll

367
00:25:32,839 --> 00:25:36,279
find it for you. I want
to make sure that every question is answered.

368
00:25:36,279 --> 00:25:38,640
This is your money we're talking about, and if you're not completely comfortable

369
00:25:38,640 --> 00:25:41,839
with who we are and what we're
doing, we'll be the first one to

370
00:25:41,839 --> 00:25:44,359
tay to keep it all right.
Well, maybe you want to come down

371
00:25:44,400 --> 00:25:48,480
to your neck of the woods for
a show. Next time, I'll come

372
00:25:48,559 --> 00:25:52,559
stop by and see you guys.
Hey, show notes, make sure you

373
00:25:52,599 --> 00:25:59,640
look at them on Financial Survival Network
dot com. RJ's contact and is a

374
00:25:59,680 --> 00:26:03,039
web site will be there. If
you got a question for r J or

375
00:26:03,039 --> 00:26:07,519
myself, and I'm sure you do, shoot me an email kl at kreluts

376
00:26:07,559 --> 00:26:11,359
dot com. We will get you
an answer. And while you're at the

377
00:26:11,400 --> 00:26:15,400
site, make sure you sign up
for your free newsletter. RJ really enjoyed

378
00:26:15,440 --> 00:26:18,799
speaking with you. We'll talk to
you again real soon. Carry yourself a

379
00:26:18,839 --> 00:26:23,400
great winner. Thanks for listening to
carry Lutz's Financial Survival Network, your solution

380
00:26:23,559 --> 00:26:29,799
to today's trying times. For the
latest, go to Financial Survival Network dot

381
00:26:29,880 --> 00:26:33,039
com. Financial Survival Network now more
than ever,