Virginia, Chesapeake has been stealing mineral owner’s production since the company started. My first clear title non-payment issue with them was back in the early 90’s. This accounting practice earns them millions, so they will continue as long as mineral owners let them. Thanks for getting the word out!
Deborah,
Looks like they are about the same as most wells in this area. I would guess that we will never see the test %, probably be less. Guess you will have to wait for your next well for the designer dress. As my husband says, these little check do add up, it just takes a lot of wells. Good luck as I don’t think we will see the checks till Dec or about then.
They are still drilling in this area, so they must feel they will be long lasting wells or they won’t pay for themselves.
Virginia and Deborah, Have faith. The uplift and inversions of the rift that formed the Nemaha Ridge, which runs east of Garfield CO, can cause remigration and redistribution of oil and gas into preexisting faults formed during rifting. They are drilling these faulted areas (aka sweet spots) first and USGS timeline charts show that we may have to wait a few years before they start full out production of these first wells.
Thank you Martha,
I never even gave that a thought. I must be getting old. That would explain why investors are still drilling.
I’m so upset with the rip off of Chesapeake I can’t even think clear.
I knew I was getting rip off on my decimal point, but just found out Wed. night at a meeting we aren’t even getting priced the right price. They are paying about 1/3 the price for gas that I am getting on other wells. So, if anyone has Chesapeake, look at your check stubs and compare the price you are getting.
Virginia, The thinking part is getting harder for me and so is all the reading it takes to stay apprised of the situations. Right now, I’m working on how O/G companies are going to claim the platinum gold atoms attached to the iron ore found the black shales of Oklahoma. I can’t even account for all the oil and gas produced by our wells, so heaven knows how I’m going to keep up with the gold.
Virginia, guess I will have to go to the Goodwill for that designer dress this time! If I am disappointed I can only imagine what Devon might be. ha
Martha,
I knew they were stealing on decimal point, but I didn’t realize it was price also.
This has been going on for years and I even look at the price, What a dumby I have became. It doesn’t take very long to add up to thousands that they have stole. If I wouldn’t have went to an attorney meeting, I won’t have even looked at the price. I need to get out of PT and get back to thinking.
Martha, can you elaborate more on platinum gold atoms?
Rob, I’ll try, so here goes - See the map in the link where the Nemaha fault zone tectonic plate movement is (divergent) pulling apart instead of convergent (pushing together) causing a “pull-apart graben” where hot molten magma traveled upwards toward the surface of the earth in a process geologically referred to as “large crustal-scale alteration events driven by intrusive activity”. Once earth was much hotter than it is now and “Komatiite” is a type of ‘ultramafic’ (ultra hot) mantle derived rock that can form from divergent or convergent tectonic processes by super heated activity called “magma intrusions”. “Komatiites” are associated with gold nickel and iron ore deposits and black shales (like Woodford Shale) contain iron ore. Iron oxide copper gold (IOCG) deposits are considered to be metasomatic expressions of “large crustal-scale alteration events driven by intrusive activity”. Metasomatism is the chemical alteration of a rock by hydrothermal and other fluids. Metasomatism is a mass transfer process best illustrated by gold ore deposits. Basically, gold platinum atoms are attached to the iron ore in black shales.
http://www.searchanddiscovery.com/documents/2003/mcbee/images/05.htm
Lots of information, thank you
Martha,
Thank you for all the wonderful information. Does this mean that we need to put something else in our exhibit? I am already up to 5 pages on my addendum plus a 2 page lease. May just write a book on what can and can’t be done as each company has a different way of looking at things they need.
Virginia, Not only exhibits, but leases need to be rewritten as well. I’m working on it, but need a chemist and a lab to help me prove the fluid and core samples, because the Platinum is a rare earth element known as a “high-field-strength element which is a element of high valency (greater than 2), e.g. Sn, W, and U. These high valency elements are not readily incorporated into the lattices of common rock-forming silicate minerals. During crystallization of igneous rocks the platinum is continually concentrated into residual pegmatitic or hydrothermal fluids, from which it may be precipitated in economic concentrations.” The igneous rock has been transformed by Metasomatism which is the chemical alteration of a rock by hydrothermal and other fluids. Basically, the Platinum atoms are loosely attached to the iron ore in the shale which is surrounded by formation water, so the Platinum is being recovered from the waste water before disposal.
http://www.encyclopedia.com/doc/1O13-highfieldstrengthelements.html
Does this occur in just that small area of Garfield county?
Rob, The Black shale is everywhere all across OK, but it many to be up to us mineral owners to determine the elemental and chemical properties of the shale and formation water of our minerals. Some areas in OK will be more prone than others as the rock cycle for shale allows the fine shale particles to remain suspended in a ‘Brine’ fluid (saltwater) which is deposited in ancient lagoons, river deltas, and on basin shelves. But salt water 'Brine" is produced by hundreds of OK wells and “about 95 % of the dissolved mater in most OK brines is magnesium chloride.” “A process for the extraction of rare earth elements like Platinum and Yttrium, from a rare earth element-bearing ore or concentrate, comprises the steps of leaching the rare earth element-bearing ore (iron ore) or concentrate with a lixiviant of hydrochloric acid and magnesium chloride at atmospheric pressure at a temperature of from 90° C. to the boiling point of the solution and at an Eh of at least 200 mV. After a liquid/solids separation step, the solution obtained is subjected to steps for removal of iron and for recovery of rare earth elements.”
Read about OK magnesium chloride in the first 2 paragraphs in this link - http://www.ogs.ou.edu/pubsscanned/minreports/mr14.pdf
Read about Shale formation - http://en.wikipedia.org/wiki/Shale
Read about Platinum and Yttrium Fuel cells - http://www.azonano.com/news.aspx?newsID=30672
Completion Filed: 09/22/2014 Completed: 08/01/2014 View PDF Applicant: Devon Energy Production Co., LP Notes: API No. 04724783; Eason 27_22-21N-3W No. 1WHX Well; TD 14,358’; Oil; Woodford; 41 BOPD, 51 MCFPD; Horizontal Hole; Lands Covered: SW/4 NE/4 SE/4 NE/4 (BHL) 22-21N-3W-IM Garfield
Rob, Yes, the platinum recovery is the result of huge amounts of information resulting from hundreds of scientific studies. We will ever see the days of pick axes, and pans again, but mineral owners will still have to prove it’s our gold.
Rob, Yes, there are many ways but I’d guess they would use the least expensive. “Undoubtedly, aqua regia method is an easy gold recovery process. To prepare aqua regia we need to mix one part of nitric acid and three parts of hydrochloric acid.” http://recovercomputergold.com/how-to-recover-gold-from-aqua-regia.html
NOTE: Drilling completion mud contains hydrochloric acid. Mud acid is also called hydrofluoric-hydrochloric acid.
Thanks for the replies.
Are oil companies trying to find ways to capture these elements?
Now to see what the split was on the multi section