In January for a btu factor of 1.3 I got $5.40. If memory serves me, you can multiply either the volume or the price by the btu factor and arrive at the same answer.
Been to the property many times and yes HWY 37 divides 34/35. Cimarex had a cause 201101926 but continental protested and Cimarex cancelled drill OCC has nothing on why continental protested, it was decided between parties prior to protest date.
The Thurman Horn 406H well in the Hogshooter formation produced 5,400 barrels of crude a day during its first eight days of operation, Chesapeake said today in a statement. The output was more than twice that of some of the best performing wells in the Eagle Ford shale of south Texas
Google “HOGSHOOTER FORMATION” and you can see the area covered by this play as well as the sweet spot.
Thurman Horn well AVERAGED 5,400 bpd for the first eight days.
What does “location exception” mean when listed on Occ list of meeting on its docket? And how many BTUs does gas have to have before it is considered good? No idea how any of gas process works.
Tim, Location exception is necessary when a well cannot be placed within in the area set by OCC rules which prescribe certain setbacks fom section lines etc. It is very common with the horizontal drilling going on right now. The operators usually place the wells as to take full advantage of the formations and to allow room for additional wells within the same section.
Standard “dry gas” is 1025btu, 1200-1440 is good, sometimes called “wet gas”.
Thank you Michael for such a speedy reply!! This was order number 597918 and interim order was 582180… I am certainly happy with what I have…no need to get greedy…
Michael, yes that makes 5 wells in that section for us plus another well in another section completed in 2010… I have royalty on approx 30 mineral acres in each section thanks to my grandpa…what was nice about these 5 new wells was that we got our first check in just 4 months after production probably because most of the mineral owners were the same…good luck on your well production…I read up on the Stephens site now and then…nice to have Linda’s eyes on what’s happening there I bet.
Thanks Micheael. We had a well drilled at the first of the year and has been fracked and noticed this on the OCC site that there is a meeting about this Location exception. Would this mean a location for another well?
Cheryl, Each order has a seperate case#. The first one was in 2009. In 2011 there were 4 cases with consecutive numbers. They had interim orders that became final orders in Feb. 2012. The one order I read referred to the other 3 as companion causes. There is nothing on the OCC docket that indicates 4 more wells have been applied. Hope this helps.
Tim, Without seeing the docket I would have to guess that the well was drilled under an interim order and now the hearings are being held to finalize the order. If you would like I can look it up by section, township and range to make sure.
Cheryl, So does that add up, you now have 5 wells ? I’m not greedy either, still waiting on that first check, then maybe 4 more wells…!
Could anyone help me understand a “final order of the commission” I received for sec 35 township 13 north range 9 west canadian county ? Over a year ago we received an interim order for increased density for 8 additional wells of which 4 have been drilled. Now this month we received a final order stating in the amendment that 4 additional wells have been drilled and at the time of this hearing April 30 2012 they requested 4 additional wells be permitted and relief is granted. The confusing part is at the end where it states devon having previously drilled the well within one year of the date of the interim order should be permitted to operate the well. We have differences of opinion here…some say this is just the final order for the completed wells and some say this is allowing devon to drill 4 more wells. Tried contacting devon. No answer. Tried the attorney. No answer. Thanks for any help…cheryl
Cheryl since you are in Candian County i would make a guess that the wells on your section are probably dry gas, if so have they cut back production some because of the low price for dry gas. If you do not mind what is the price of gas at the moment? I think you are lucky in being paid after 4 monhs, Michaels and my well in Grady were completed around the same time and i figure it will be Christmas before i see a payment from Continental.
Richard, we have the wet gas and get paid for NGL , condensate, RES-GAS, and GAS-MCF…i have no idea what the difference is in the 2 gases…I don’t pay attention to anything but the total check amount…however tomorrow is Devon’s payday and it will be for production for April ( always 2 months behind) and I will check the price of gas for April and let you know. I don’t think they have cut back production due to this being wet gas but we are all interested to see how much production has gone down just because it naturally declines over the months…Cheryl
Thanks Cheryl for the information, i am glad you have wet gas were you are at. When you check your receipt for the April Gas see what the BTU factor is on each one of the gases,also for all involved in this play it would be nice for all of us to report what our decline rates are for future well production rates.
The Woodford formation in my area is 330’, according to a
WOODFORD SHALE VOLUMETRICS report by XTO Energy. Can fracking cover an area as large as 330 feet?
Yes I see that 129 BCF unrecoverable. And they may be there. That is why I refrer to 20-30 years of production. That is when you know what the 640 will give up if it is drilled densley enough. The companies have to make some sort of claim because that is the way the regulations are set up state by state. Everyone one in the business knows it is a guess. The operator of the 640 just hopes it is right.
If they drill additional wells, would the crosssection look like this,
O O O O O or maybe something like this,
O O O
O O
Also, what are the spacing units in your area?