I have an unleased interest in this property that was actively pursued prior to the bottom falling out of the gas market. Other family members with interests leased; however, I did not like the terms so I passed on the offer. I am curious as to what activity is being observed if any.
There is not much going on in 18n-5w now. There is activity in 17n-5w with some lease options up to $750 for 3/16th, 600 for a 1/5th or no cash and 1/4th in sections 34 & 27. 18n-4w also has activity . I found lease options up to $525 for 1/8th, or 500 for 3/16th.
Ron--I appreciate your info. FYI I did notice that Hinkle has submitted an application to pool to 320A in 4 17N 5W in preparation to drill into the Mississippi with a north 4250' horizontal segment. This is from the currently producing Lincoln North Unit. I would like to see the pooling application but I have not been successful in my meandering through the corporation commission's web site.
Ron McKenzie said:
There is not much going on in 18n-5w now. There is activity in 17n-5w with some lease options up to $750 for 3/16th, 600 for 1/5th or no cash and 1/4th in sections 34 & 27. 18n-4w also has activity . I found lease options up to $525 for 1/8th, or 500 for 3/16th.
Could find nothing on 4-17n-5w . Do you have a CD#
I don't know what a CD# is or where to find it. I am a "newbie" at this. I do have a copy of Hinkle's form 1000 application to drill wherein he referenced 320A pooling as pending. The application was dated May 23, 2013.
Ron McKenzie said:
Could find nothing on 4-17n-5w . Do you have a CD#