That should have been Devon, not Devol (a typo)
CR listed 2 codes for gas. I assume one is ngl.
I had a couple a questions someone may be able to answer. How long after they drill do they frack and how long does that process take place? What kind of numbers do Cimarex, Devon, etc need to see from a well to put multiple rigs on a section especially in Canadian county in the “core” area?
Larry, does your check from Continental show NGL? Our check from Devol shows gas, condensate, and NGL, but the check from Continental only shows gas and condensate. I am wondering if the Continental well doesn’t have NGL or maybe they are included in the gas or oil amount.
FYI Continental has applied for a Multi-Unit Horizontal well in Grady County., 13 &24 7N-6W. Nice article in the todays Daily Oklahoman business section on their first multi unit well in Blaine County
Thought I would share this info…anyone with a lease with devon, they just sent division orders after just 3 months of completing the wells in Canadian county. Last time it took 5 months…guess they hired more people…now the real wait begins…what will the check look like!
Thank you all for good answers to my questions
Stephanie would you mind one more? Say I own 100 nma (wish I did) 75 have marketable title, 25 are in question and may be subject to litigation. Will I be paid royaltys on the 75 while the 25 are still in question. They were deeded seperately.
Michael, by law, atleast in Oklahoma, royalties cannot be withheld on marketable title. If they do not release that portion bring it to their attention.
Michael, I agree with Stephanie. I’ve been told that the oil companies must timely pay royalties to those having marketable title … and where the title is in dispute, those disputed royalties must get timely paid out too – but into an escrow account. In your example, those claiming “ownership” of the disputed 25 net mineral acres would need to battle out – and prove – their rights to then obtain the escrow fund’s royalties … and all future royalties from that same acreage, too. Andy
Tom, the Ricker 1-32H has the surface location in 5-13n/9w with the horzonal going north and the completion interval in 32-14n/9w. Don’t worry about what I said below because Devon has already drilled. That well was completed in June 2011. Location excps. must be for additional wells. If you own in 32 you should be receiving royaltys by now.
Cheryl they probably put all their paperwork into rush mod the last month because they strated there move into their new super skyscraper in Downtown Okla. City today, front page story. Maybe since Continental is moving into Okla. City also they will take a hint from Devon and get ahead of schedule.
Cheryl, You can get them online. I’ve got google alerts set-up to notify me when anything I’m interested in gets published. Got daily energy prices on my home page. Now all I need is that first check too!
Richard, you notice she said last time she got Div. orders? Must be nice!!
Cheryl, Not factoring in the rise in price what does the decline in production look like? Are you getting mostly oil. You’re in Canadian or Blaine aren’t you?
To Cheryl: All wells are different. Some require a lot of curative work to perfect title, others have inumerable owners. There are many factors that can vary the time it takes to issue DOs.
Cheryl-The closest example is the Barnett Shale around Fort Worth, Tx. Wells have been producing there since 1991 and are still giving up a little gas. The production rate has fallen to about 10% of the initial rates produced by this time.
The Woodford shale is a different reservoir and has a healthy componet of oil which the Barnett does not. The wells do not have enough age on them to be able to tell how long they will last. Ten years or more is a reasonable estimate with 80% of the production coming in the first five years if these wells act in a sililar fashion to other shale reservoirs around the country.
The Woodford is a very tight rock and the fracing breaks some of it up, not much though, and allows the production. When the broken up part is drained very little will get to the borehole after that.
Cheryl - Thank you for the info about Devon completing wells in Canadian County. I am new to this gas and oil production and have mineral rights to property ( Canadian County - SE/4 SEC32 - T. 14N - R. 9W ). I have tried to understand where to look for more information -Tulsa World and have only found about a well named Ricker No 1-32, but I believe it is in section 05? Please would you know if there are any complete new wells near my tract of land? I would like to thank all on here, it is interesting. It helps to read all the comments. Still learning to surf the web to find more info. Many thanks to all. Tom
Thank you Don, that info will keep me focused on how much to spend vs save since I am finally retiring. I had hoped devon would space out the number of wells drilled over the years but I guess getting a bunch at once is a sure thing vs an uncertain future. To Tom-- everything I know I have learned on this forum starting with a picture posted back in August (?) of wells being drilled on my section. Everyone is very helpful here and I am sure someone will have an answer for you. Michael? It was Gary’ I believe who told me about wells into our section being drilled with well head in another section. Oh one time I did send a question to all experts.com about any drilling going on. And then I did call devon energy and confirmed we had the 5 wells completed. Good luck.
Thanks Stephanie and Andy. Our well started producing about 6 weeks ago and I’m getting anxious about division orders.
Tom, There is a lot of good information on the OCC website. It takes a while to learn your way around. I’ll be glad to look up your section and let you know what I find.
Thanks Michael, I never thought about the papers on line. Hopefully I can get my son to set me up on the computer like you. And maybe he can tell me how to put a picture on here. I hope your check comes sooner than later! My biggest problem with getting the check every month is that I am always afraid the amount will drop big time but with the price of oil high now it seems to be holding steady after 2 years.
Michael, we are in Canadian county and the out put is NGL, COND, RES-GAS and GAS-MCF. I am not so good in math but it looks like the gas is down more than half of original output but the NGL is up double what it was at the beginning and the condensate is down acout half but is what is getting the biggest price. So all in all the check is still decent by my standards. But maybe not to someone lookin to be another bayou billionaire!!! To Stephanie…that makes sense since I see most of the names on the division orders for these new wells are the same as on the other well.