Does anyone have any information about the following wells in Doddridge:
On same pad: Welling Units (2) White Unit Golden Unit
On another pad: Douglas Units (2) Bernice Units (2)
I guess you know about this website
WV Office of Oil and Gas Permits
using Doddridge as the county, and the unit name in the well number place.
The most recent activity listed for the first group is June 2014 and for the second set, August 2014.
Hope someone has more information.
Yes, but I have been to the online site and see very little activity and then found out that the wells have already been drilled. Hope someone knew a little more about those wells.
Nancy when I go to that page I get nothing but error message.
Nancy Mosley said:
I guess you know about this website
WV Office of Oil and Gas Permits
using Doddridge as the county, and the unit name in the well number place.
The most recent activity listed for the first group is June 2014 and for the second set, August 2014.
Hope someone has more information.
I see what you are saying. I can try to get a better link this evening from home. Meanwhile if you want to try googling west Virginia office of oil and gas then look for oil and gas database information then look for permits you might get the page I was trying to give the link for, that searches for API numbers for permits. Look for the wells section for completed and producing wells. Hope I am giving the correct terms here. I have the site bookmarked on my home computer.
Did you make sure that you only have the FARM checked on the right side. The first couple of times I put names in, it was searching for two things at once.
I found this one for white? It seems to be the only one with White in the title?
https://apps.dep.wv.gov/oog/wellapisearch_new.cfm?api=100091
This one for Douglas 2
https://apps.dep.wv.gov/oog/wellapisearch_new.cfm?api=3903587
See if that gets you started. =)
This was the original link. =)
WV Office of Oil and Gas Permits
https://apps.dep.wv.gov/oog/permitsearch_new.cfm
Try that.
Permits, I think, are for before the well is producing. After that the well search is the place to go. I could be wrong. I think Jim's question is about wells that haven't started producing. Quite a lot on that website.
By way of example, my question was: I went online to look at the permit info etc. for the Freeland units in Tyler and just saw some permitting. Last month when I was in WV I went to the site and found that one well was already drilled and they were in the middle of the second. That info, I can not find online until they file more info with the DEP. I found very little online about the wells I listed above (all in Doddridge), but when I called Antero this week, I got a message back that four of the units were already in production, but that Antero was doing a "creative process" on the wells, whatever that is, which wouldn't be finished till the first of the year. I was hoping that someone in the area who was leased for any of the wells might have some first hand knowledge. I haven't been able to connect back with Antero. Thanks.
By checking on all of these wells, is some of it to find out what is the hold up for royalty payment? In the "company lease" there is a sentence that says the company will not be penalized for taking their good old time for payment. If those who signed leases did not get a provision to hold the company to make payments in a timely manner, then expect a long wait. If you read articles on good lease language, you can find terms where they must pay within so many days after the well is complete and goes online or penalties happen. There are many people who have been waiting for a couple years. That is totally unacceptable with now days accounting methods and title searching. The company told you it was so urgent to get you to sign a lease but now, they are in no hurry to pay and you are at their mercy.
DT, that is an excellent point!
In business, the longer you can hold on to the money the better. My dad, in his business loved to pay at 90-120 days, not because he didn't have the cash, but simply because the funds were in his account.
the longer the oil company holds royalty payments in THEIR accounts...the longer they get paid interest from their bank...when your talking millions of dollars...it adds up. They have making money down to a science.
Exactly, Anna!
Thanks all. I am going to a wedding in Ohio the first week of December. All these units look to be within a few miles of each other and I drive right by the turn off to them going to Ohio. Going to take a day and drive to the sites. Of course, the last time I did that (in Tyler) I thought the guy who owned the land the pad sat on was going to shoot me. But that's another story.
Holding on to the money allows them to use it interest free to drill more wells. Also, the reason they are in a hurry to get property leased gives them something to entice investors. They have remarked that they have enough land leased to keep them in the area for 4 generations.
Anna, that is also money they did not have to borrow and pay interest on, which is greater than the interest they could earn from banking your money.
anna said:
the longer the oil company holds royalty payments in THEIR accounts...the longer they get paid interest from their bank...when your talking millions of dollars...it adds up. They have making money down to a science.
It is my understanding that Division Orders are created by Lawyers who have the job of sifting through all the heirs and mounds of paperwork for Mineral Rights and making sure each Royalty owner gets their fair share. I would think if there is more than 1 heir it would take time. In my family's case for example there are over 20 people sharing the Royalties. Although I would love to get checks in the mail asap, I also want the DO to be correct. I have heard a few stories about problems after royalties were paid because there was a discrepancy with 'shares'. I have also heard Antero is very very good about paying back Royalties (retro active), So far everything they have told me has been true, on track as far as the timeline they laid out for me, and even though we had a couple 'hold outs' with our family, once everyone was on board, that timeline didn't change. I have no complaints with Antero (so far).
One would think the company would get all the heirs and shares in line before they come looking to sign an owner to a lease. The company is in such a big hurry to get that lease before the competition, they just skim the top on researching the owners. I think their initial research of records is pretty shabby to put it mildly. After getting owners "excited" about drilling and receiving royalties, the owner get's to wait and wait some more. I'm glad most are not dependent on the company paying a royalty in a timely manner, for a person could starve waiting for their royalty checks. A division order should be a formality to tell you congrats and it is all legal and that you are owner. You know, like the day they when the first contacted you. Just a thought.
DT, You make some very good points. And I have to admit that I felt very much the same way. But, you touched on one of the real reasons for the rush to get leases signed. Competition. The research costs money. What if near the end of exhuastive research another company signs a lease with the mineral owner? At that point, it would be perfectly legal. Of course that brings up another question. Which would be better, doing all the research before drilling the well, or, if there is no legal requirement, waiting until you know that the proceeds will be worth the expenditure?