Golden 1306 1WH-18 was completed in the Woodford at 88 bbls oil 932 mcf gas March 2016. Brookie 1306 1UM-18 set surface casing and they plan to come back in and drill the rest. 2016. So you have at least two zones in 18. Schulte 1306 1-15HM drilled in late 2016. 261 bbls oil 977 mcf gas in the Mississippian. Heupel 17-13-6 1XH multi drilled in 2015. Started off at about 225 bbls oil 1825 mcfd (two sections). Oyler 1307 2-24MH completed at 382 bbls oil 1171 mcf gas in mid 2016. You can see the range.
You might get from $1700-$5300 in payouts over the first four years at one acre at 1/4th. Just a guestimate. I have put in the tax rate and no post production costs. These wells may or may not last for 30-40 years at low rates. If they drill more than one well (which is happening in 13N-7W), then there will be some upside.
Well the man I talked to said right now when they finish in section 13 they will drill here in section 19 so from what I am seeing your putting here, its good…for the long term. I had the option of a lessor bonus with the higher royalty of 1/4 and chose that rather than the way bigger bonus and the 1/8th royalty because I knew it would pay off in the long run. Thank you.
got a application for emergency drill on secton 32 township 11 north Range 5 West …then got a letter saying dismissing …we called and was told that letter was a mistake, are drilling…on 29 and 32…who knows…might be , might not…might have to take a long drive and see what is really going on…
Stacy, your answer totally depends upon what Section, township, range you are in and what reservoir. Also depends upon if they drill more than one well and if you have stacked reservoirs.
When you say 1700 to 5300 in payouts in the first four years as an estimate is that yearly or is that a total of all the 4 years? Hopefully that is yearly.
I’m new to this forum, I’m looking for any information on activity in this area, either new or producing… My family owes mineral rights in this section and I wonder if anyone else has specific input about the area.
Anybody have any news on the Devon RHINO 8_5-14N-9W 1HX which was apparently recently drilled and I would think in completion stages? I am getting several lease offers for my ORRI in section 5 which seem decent to me.
Stone Oak has a permit to re-complete in the Oswego, Mississippi and Hunton reservoirs. The permit is good until May 1 of 2018. This is a vertical well, so not that exciting. However, there is horizontal drilling all around you, so this may be a test for those zones. That would be more exciting. Yes, there is plenty of room to drill more wells.
http://imaging.occeweb.com/OG/Well%20Records/0054E2A1.pdf. This is the permit. I do not see a spud date yet which would be the start of the re-complete. Since the well is already drilled, they just go in and pull some of the old equipment and re-perforate in the new places. Shorter than drilling from scratch. The original well had 107 bold and 650 cubic feet of gas per day back in 1980.
The Ragland 1-24 well by Sandridge was producing until December of 2016. Stone Oak Operating LLC just permitted to go back into the well and do a recompletion. It is spaced at 640 acres, so you should have gotten royalties from the old well and if they are successful, get royalties from the recompletion. In general, there is quite a bit of horizontal drilling pending all around you. If you get an offer to sell, don’t jump on it without checking with the forum because most of those offers are low to actual value.
Thank you for your correspondence, I look forward to getting and giving updates in the future. For now I will look for a spud date prior to May 1 of 2018, and hope it to be a successful test for horizontal drilling in the future. That in itself is very exciting to our family!
S B C-no completion report posted yet, nor any production listed at the OTC. May be a few more months until you see something. When you look at sales offers, ponder whether they are the value for one well or the value for perhaps many more future wells. Usually, the offers are low.
I did receive royalties from the old well, I have signed a new lease with Stone Oak. I hope I did good @ 1500 per net mineral acre and 1/5th royalty. I tried to negotiate a better deal and had offers to sell but decided to sign a top lease at the time instead. I’m glad I did that but, I’m not clear on what if any expectations I should have. Mostly I wonder how long it takes to recomplete, also I wonder what the average production levels are for a well like this and if it is feasible to assume they will drill more wells in the same 640 acres or not.
I have been approved as a user @ Stone Oak on the occ website and did know about the approval of the ITD, I also am aware of the website to check a public pun search. I wonder if there are more sites that you may be aware of for me to follow more closely. I understand Stone Oak is a new company and can’t get anywhere on their site yet. Thank you for your help today. Kurt
Anybody have any news on the Devon RHINO 8_5-14N-9W 1HX? Continuing to get lots of offers for ORRI but as far as I can tell there is no completion report yet.
Wondering if there is any interest in drilling around 34-13n-10w? We’ve had a couple of old wells on there that are run by Cimarex, Chesapeake and Kingfisher. Used to get a little check from Chesapeake each month but haven’t received a check from them in over 6 months. We still get a check from Cimarex monthly. There are horizontal wells in all the sections surrounding this one, how do we get someone to come develop it?
Considering that the section to the west of you has 10 wells, I think you will get some action eventually. Cimarex is holding your section by the first well. Little 1-34H. That well is doing just fine, so they are not in a hurry to develop the acreage until they drill out their leasehold that is in danger of expiring. You are in excellent Woodford territory, so probably just a matter of time. You might go online and look up their investor presentations and see where their focus is now. The Q4 reports usually come out in February.
It looks like the reg filings are still pending, you can go to the occ website and enter the reg numbers below to track the progress. http://imaging.occeweb.com/
To summarize, Filing# 201706919 for a multi-unit filed 10/13/2017, filing# 201706921 for a location exc, were filed in October but continued, they filed a new multi: 201800212 for a multi, 201800213 for a loc exp, and 201800216 for increased density on 1/9/2018 and the hearing is scheduled for Monday the 30th.
the permit was filed and approved on 1/11/2018 - so it would seem they are just waiting on the regulatory filings.
Does anyone know when Jones Energy will begin drilling in Section 30 and 31 township 12 Range 5 West? 1 Horizontal well.
just received notice also that they may be also drilling in Section 31 township 12 Range 5 into Section 6 township 11 Range 5. Looks like 2 horizontal wells. Just received some filings.