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re: Why are gas prices going up?

Posted on 3/14/26 at 7:51 pm to
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12886 posts
Posted on 3/14/26 at 7:51 pm to
You vet your buyers well. Case and point: we had a new crude buyer come by our office saying they can beat our current buyer by $0.25/bbl. We asked for balance sheet, and financials. They never brought, we never made a deal. Some other operators did. They picked up the oil, and never cut a check.. they were late. If you don’t get your oil check, you can’t pay your vendors. You could potentially have to file for bankruptcy even though you make good NOCF every month.
This post was edited on 3/14/26 at 7:52 pm
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