Latest spreadsheet update... plus the pdf file that shows a township/range per page. Sections in purple indicate that at least one lease was filed in the past 3 years.
2190-HorizontalWellsinGradyCounty7.xlsx (34.4 KB) 2191-HorizontalWellsinGradyCountyExpandedView2.pdf (467 KB)Don,
Excellent work thanks for sharing this vital information.
We have a 16.666 acre interest in 27 6n 5w. I see the sparks well is there, how would I find out if it's drawing from our property? Jackford offered us $4500 per acre last year but we kept it.
Don,
I have been doing some evaluation in this area and have a simple question I hope. How does the revenue sharing go from where a drill hits? What is the area for the distribution of the well production and how does it compare if your specific acreage was not the actual site of the well?
Georgia Sue, here is a link to the spacing order and associated documents for the 1st horizontal Sparks well... http://imaging.occeweb.com/IMAGING/OAP.ASPX?casenum=201105814&casetype=CD and yes Continental has filed applications to drill a multiunit horizontal well in sections 22 and 27. You should be getting copies of these applications, because your 16.666 acre interest should be included. An offer of $4,500 per acre is way way way to low. Glad you kept it. The way that first Sparks well came in $4,500/acre should be the lease amount.
James, if your acreage is in the section being drilled then you get your pro-rated share. Example: You own 1 acre... divided by 640 acres... times .1875 (3/16 royalty interest)... equals 0.00029297... well produces 200 bbl oil per day @ $95 and 2,000 gas MCFd @ $4... monthly check will be about $220... here is a link with more information about spacing... http://www.occ.state.ok.us/ap/spacing.html
Here is a copy of an Excel file I use when estimating what a well will pay the royalty owner... I got it from over on the Stephens County Discussion Group...
2189-NMACalculationGradyCo..xlsx (10.9 KB)Hey Don, what does (15, 163) mean?
Thanks,
Dan
Don Bray said:
I have added a second tab to the spreadsheet called "Leases by Township-Range". It has the number of oil and gas leases (15, 163) recorded at the Grady County Clerk's Office from 1-2011 thru 12-2013 (3 years) by township and range. There have been 238 new leases filed county-wide so far in 2014. The lease numbers were not reviewed for duplicates. Filter (instrument type) was for "Oil and Gas Lease" only.
Dan... I must have hit the space bar by mistake. Should be 15,163... the number of oil & gas leases in Grady County the past 3 years... 2011, 2012 & 2013.
Got it! Thanks for the explaination.
Current spreadsheet update with 3 tabs...
2188-HorizontalWellsinGradyCounty7.xlsx (36.7 KB)Hello all. I am brand new and hoping someone can help me understand some of the terminology. Can someone explain what the information means from the Jobe wells located at H/31 on the spreadsheet? Jobe 31-2H and Jobe 31-3H. Thank you for any assistance.
Hi Joe and Welcome!
In cell location H/31 you are looking at the information for Section 31-Township 6N - Range 7W.
The first well listed is the Jobe 31-2H. The information following that well is information taken from the Completion Report, like the date the well was tested (Aug 5, 2013), the well operator (EOG), the formation completed (Hoxbar), the barrels of oil per day (1551 Bopd), the gas per day (658 Gas MCFd), whether the well was pumping or flowing (Flowing), and the choke size used (13/64).
The second well listed is the Jobe 31-3H with it's information - 10/25/2013 EOG / Hoxbar 330 Bopd 2650 Gas MCFd Flowing 53/64.
The third and fourth wells are listed as - Scott Trust 31-5H Spud: 1/27/2014 Badgett 31-4H Spud: 12/18/2013
There was a 5th well that originally began as a test well. The Jobe 31-1 is not listed because it was a straight hole well, not a horizontal well.
Hope this helps,
Don
Tremendously, thank you.
Hi Joe,
You should be receiving royalties in the next couple days on the Jobe's. We're looking forward to seeing what the Badgett & Scott Trust does too! Things are looking up:)
Current spreadsheet and pdf...
2186-HorizontalWellsinGradyCountyExpandedView3.pdf (468 KB) 2187-HorizontalWellsinGradyCounty7.xlsx (40 KB)Thank you for all your work, I can't tell you how much I love your maps! So much info, so helpful. Are you related to the Ken Bray I graduated with in Lindsay!?
Don Bray said:
Current spreadsheet and pdf...
Thank you Jackie. I enjoy working on them.
When asked if we were related to the Bray's in Lindsay, Grandpa would always say we were not related to them. With 7 grandkids he got asked that question more than once. :)
Current spreadsheet and pdf's...
2183-OilandGasLeasesinGradyCounty.pdf (101 KB) 2184-HorizontalWellsinGradyCountyExpandedView4.pdf (468 KB) 2185-HorizontalWellsinGradyCounty7.xlsx (40.3 KB)Current Spreadsheet and a couple of pdf's...
2180-HorizontalWellsinGradyCounty7.xlsx (58.9 KB) 2181-HorizontalWellsinGradyCountyExpandedView4.pdf (469 KB) 2182-HorizontalWellsinGradyCountybyTownshipRange.pdf (93.9 KB)One more pdf...
2179-HorizontalWellsinGradyCountywithEstProductionandPayouts.pdf (259 KB)Current spreadsheet... I will add the pdf files later.
2178-HorizontalWellsinGradyCounty7.xlsx (60.3 KB)