Revenue has stopped on Spangler 1. Is any one familiar with this area and the Spangler in particular?
I have a piece in Sec 18-17N-18W Listed as Spangler 3-18...cheques coming from Lighthouse Oil and Gas
Susan
Hi Susan,
I was receiving cks from them also but none since December 2014. Have you received any this year?
Tnx
Jim
Actually the date of the last check was 10-31-2014.....
You're right. I've had nothing from them since Nov 2014. They were a bit erratic last year. Hit and miss on monthly cheques. Mebbe we need to write a letter of inquiry??
Susan
Yes, I'll give them a call tomorrow and see what I can find out. I'll respond with any news.
LOL I just put the phone # on my note pad to do tomorrow! I'll wait till I hear from you
Susan
Susan,
Just spoke with Shawna at Lighthouse. Drop in oil price caused the revenue to fall below the $100 minimum for check issue. Should see a check in about another month. Production is about the same.
Question: my mineral interest is a result of my grandfather's original ownership. Is your interest a result of one of the other interest holders or just a purchased piece? Just curious... no need to answer if you don't want too.
Jim
I too inherited. My grandfather spent some time in the area in the 1920's. First as a company Dr and then in private practice. Some he bought and some he took in trade for services. I've marveled all my adult life at what insight he had at the time. Sadly he passed away when I was just nine so I didn't get to ask him about it. My father told stories of watching him throw bank savings books into the woodstove when the depression began. Somehow he hung onto the mineral rights. He returned to home ground in Nova Scotia and lived off private practice there. He returned to the US during WWII when there was an outcry for doctors. He opened an office in Chicago and that's where my parents met!
Thanks for the info. I was guessing that was prolly the excuse. It usually is when cheques stop coming in regularly.
Did your grandfather own the land and minerals??? I often find myself explaining how I could own what's IN the ground whilst someone else owns the soil! LOL
Susan
Very interesting. Yes, James A Dawkins owned the land and minerals but when it was sold he kept minerals only. What was your granfather's name?
Dr Freeman Coolen....
Susan
Ah.... I do see him listed on a February 10, 1964 Division Order from Tenneco. Interesting to see the connection. Maybe when prices are up again (?) we'll see new interest in leasing activity. We can only hope...
I have everything I own in Dewey Co leased, producing or about to be leased. I remember those checques from Tenneco when I was a kid! LOL My grandfather's estate was held in trust for me till I was 21. My mother handled everything. Those cheques would come in every month....usually for less than $5! LOL Seemed more trouble to cash em than they were worth!
Susan
Susan Coolen said:
I have everything I own in Dewey Co leased, producing or about to be leased. I remember those checques from Tenneco when I was a kid! LOL My grandfather's estate was held in trust for me till I was 21. My mother handled everything. Those cheques would come in every month....usually for less than $5! LOL Seemed more trouble to cash em than they were worth!
Susan
john petree said:
Susan Coolen said:I have everything I own in Dewey Co leased, producing or about to be leased. I remember those checques from Tenneco when I was a kid! LOL My grandfather's estate was held in trust for me till I was 21. My mother handled everything. Those cheques would come in every month....usually for less than $5! LOL Seemed more trouble to cash em than they were worth!
Susan
There is a new well completed in sec 13. I think in December so a division order should arrive 6 months or before then. The drill site also has a wellhead for sec 12 so is kinda confusing in the way the tanks are set up. The times may not be right but they were loading oil when I went by there 3 days ago
If it's Lighthouse.....we just had a chat here about it. Seems things are slow and cheques aren't adding up to the $100 limit yet....
Susan
Hey Jim....got a cheque from Lighthouse yesterday.....for a whopping $118! LOL
Susan
Ha.... same here. Don't let it go to your head........(:>
Or burn a hole in my pocket? LOL LOL
Susan
Susan,
Just received a DO for Tarpon 1-13HC. Did you receive one and do you know anything about it?
Thanks,
jim