High gas prices convinced Greg Losh to tap the Trenton oil field under his backyard

We heard about this story a few days ago but couldn’t find a link for some reason. We finally did. An eastern Indiana man recently built a backyard oil well that produces three barrels of crude a day. Recently hitting an all-time high price near $130 dollars, that’s pretty valuable black liquid gold. If the price remains steady, it’ll only take about 278 days to make back the cost of drilling the oil well, which was about $100,000. Greg Losh claims it’s a “money maker,” and plans to drill four more wells on his property. As the old adage goes, if you can’t beat them, join them. That’s sort of what’s going on here. Sort of.

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