The following product codes are what Continental Resources has listed on the Wray1-1H in Blaine County, Ok
1xx-Oil (BBLs)
2xx-Gas (MCF)
3xx-Condensate (BBLs)
4xx-Plant Products (GALS/BBLs)
As long as we are speculating, what about the future of natural gas? Those of us in areas where high btu gas is being produced can probably expect to see some nice royatltys for gas production. But I think the real money will be in developing new markets for NG. There are a couple of projects under way on the Gulf Coast to convert LNG import terminals to export terminals. Navistar, formerly International Harvester is building a test fleet of natural gas big rigs. There are a number of other proposals to expand the use of NG including fueling electricity generation.
Royal Dutch Shell is considering building a $10bil. NG to Diesel processing plant in Louisana.
I’m optimistic about the future of oil but I believe the development of NG could mean energy independence for our country and future prosperity for those of us who own a small piece of the action.
Some woman was complaining about top hole being in her section and bottom hole in another. The inference was that she was being cheated. She used the term “bogus”. It was the thread discussing payments, I believe. Guess I didn’t reply in appropriate place. Obviously she did not read some of the brilliant posts on capturing production from shale.
Yes Michael is brilliant and humble. The agreement is for the well to be spud in our section and drilled under our section. What the company has done is spud in our section and drilled under another section. The pooling for that well benefits the other section. I agreed to no such thing. Not like I am going to sue or anything I just think its: “Bogus.” (I think someone doesnt like that word)
Good catch Michael. After 30+ years of explaining my name I guess it doesnt bother me to be labeled as a she anymore. I dont even bother to correct people. Lazy I guess LOL. I am in fact a man. Francis with an i.
Don, Is it unusual for a Horiz. oil well to continue to produce 1,400 Bbls of water per day after the fracking H2O amount is pumped out ? I am talking about a new Marmaton well in Bvr. Co., Ok cutting 120 B.O. per day so far and making 50-60 mcf/d N. Gas.
Mr. Sells, I have two wells close together, one is great and the other is water heavy. I believe on the water heavy well they were trying to get the greatest productive depth possible and got a little too far into the water zone. As I understand it the lower you go in the zone without hitting the water zone the greater the eventual return. In my case on one well they went a little too far. Nobody is perfect.
Cheryl, go to wikipedia.org, public land survey and scroll down. tried to copy the link but could not figure it out away from my mouse. lol.
to Francis: alternatively, in directional drilling they will go in on someone else’s land to produce your minerals. Just no pleasing some people. It’s a give and take situation. You can also recover damages to your surface. Thank goodness the mineral estate takes precedence over the surface estate when it comes to people like you. By that I am assuming you would forbid drilling if you were able unless you would share in royalties. BTW<Michael Hutcheson is brilliant.
He’s not only brilliant he is humble. : )
To Francis, if everyone felt like you, no wells would be drilled! Try that one on for size.
Michael, my blackberry doesn’t function fully on this site. For convenience sake, I have no experience with Grady situation. Interesting though. More tomorrow.
Thanks Michael, I jumped right to the drama and over Gabe’s explanation. Still, that is a tough scenario to have a well on your property (when you own and have leased the minerals) and yet you get essentially nothing (reminds me of Get Smart where he would say “missed it by that much”. I guess by consent the surface owner would have had to agree to the placement of the well and probably received a one-time payment for the placement agreement (I assume). If there is no consent agreement for the well placement then legal action could be taken (I assume). It doesn’t work like that in MI, the well placement would be on a parcel within the specified DU (seems fair).
Wilson
Well, I see I’ve mistaken Francis for a Frances. My apologies. Did I misunderstand her complaint? Beginning to wonder after reading Buddy, etal posts.
Francis, are the two wells you benefit from located in their drilling unit or do they occupy the surface of someone who does not benefit from them by royalty ? Mineral rights being the dominant estate I think the operator should have the right of ingress to plant a well atop the leased minerals, but I see no reason they should be allowed to plant a rig on the surface outside of the drilling unit if said surface owner does not wish it and will not bargain for the use of their surface.
My two wells have the spud hole and the bottom hole in the section which we were pooled into: Section 29. I agree the operator should have spudded section 20’s well in section 20 but they didnt. They spudded it in section 29. I believe the same thing happened to section 28? They are drilling from section A into section B and section B gets the royalty while at the same time loosing no surface area.
I didnt know my off hand coment would draw such a discussion. Sorry for all the confusion fellas. LOL
Can someone explain the directional drilling regs in OK? Is Francis correct? she wouldn’t get any royalties and the well is located on her property? That isn’t how it works in Michigan. I would think that her property would be part of the drill unit (DU). If she is explaining it right then I can understand the aggravation she is feeling. Why wouldn’t the gas/oil company simply place the well off her property?
Wilson
Wilson, See the explanation below by Gabe Bass an Oklahoma attorney.
Francis, Isn’t Francis male and Frances female? Not being nosy but have noticed several of us referring to you as Her…
Dear Francis,
Without reading back over all of the histrionics of the previous posts, did you read your lease to see if you perhaps inadvertently granted a subsurface easement? That would be my first stop to try to understand what is going on.
Is the well site in Section 29 with the downhole in Section 20 on your surface in Section 29? If not, have you confirmed that the surface owner in Section 29 did not consent to the placement of a well site on them?
To Sweet Stephanie: I am sorry that I have offended you. I do like drilling wells. I have 2 of my own. Please forgive my ignorant use of the word bogus. I will try to abstain from further use of that word in the future.
Sicncerly,
Francis
Our well in Dewey County is in section 1 16N 14W but there is also a well spudded in the same section but is producing out of section 36 in 17N. The well location is on the north end of our section and goes vertical until it curves about 9000 feet down to go horizontal in section 36. I was told it takes about 500 feet to complete the curve and go horizontal so it is well into section 36. We do not own the land in our section but I am sure the landowner received damages from Devon Plus damages on our well site plus damages laying the gas line for a mile North of our well. To get paid damages for land that is sand hills and black jacks is not bad. Several years ago my aunt was paid damages for the same road that a oil company had made years before. The road improved access to her property and she got paid twice for the same road. Because of the need to move heavy equipment and oil trucks up the section line the oil companies have hauled in rock to improve the section line roads so trucks would not become stuck in the loose sandy roads. Just wanted to add my two cents.