The Waterloo well spud early April, there is production report active with the tax commission with no production listed. Does this mean a division order is coming soon? (Case# 201902233 & 201900718) Also it is coded as natural gas. Does this mean gas only, or could they get oil and gas? Thanks for any feedback
The division order usually comes about five month after first sales. The active date is listed as 7/23/19, so don’t expect a division order for a long while. The product will depend upon which reservoir they perforated.
David:
You can expect DO’s in about 5-6 months. There will be oil & gas produced.
Respectfully, Todd M. Baker
Thanks for the information!
Thank you Martha for the info!
The Waterloo 1305 well produced only 15 MCF in natural gas in July. is that a bad sign? Or could it be just a few days worth?
Given when the well spud, probably early production or less than a month. Time will tell.