Debbie Wright—my mineral rights come down from my grandfather who owned property east of Cresent many years ago. His name was John Wright—coincidence.
ruffed grouse is… shut in for now
its on my farm
ruffed grouse is… shut in for now
of course, the key words here are “for now…” But it is my understanding that the long range plans for this section are still on and January of 2014 will be yet another milestone for Ruffed Grouse. 20 BOD certainly is not enough to recover 3-5 million dollars invested so far, and so, I think we are not privvy to things we only “THINK” we see. I still have 2 offers of $3500 per net acre of minerals, and one will even match or beat any other offer. So I am just going to continue writing more songs and a novel about finished, and let the oil take care of itself. My position in regards to Logan County is unchanged, and I will never sell my minerals. Never.
checking the meters at the beginning of Nov., it looks like the woodford well drilled into 19N-3W sec 28 came on at about 600 bbls per day, and the Mississippi well drilled into 19N-3W sec 21 came on at about 1200 bbls per day. Checking last week, the mississippi is down to about 700-800, and the woodford is at a steady 500-600. This is the reading off the oil meters on the seperators.
Does anyone have a lease clause specially addressing no mining, recovery and/or extraction of uranium?
“The Chattanooga shale of the Southeastern United States and the black shales of Pennsylvanian age in Kansas and Oklahoma have the highest uranium content of United States shales, generally between 0.005 and 0.010 percent.” http://pubs.usgs.gov/pp/0356c/report.pdf
I do not see one, Martha, uranium conjurs up all sorts of dastardly images, even if it was plentiful everywhere, they would have to pay a hefty price for me to agree to its being mined for any reason. But on the other hand few people know that crude has many facets, and the Boeing Dreamline shell is made totally out of crude, it is much stronger and lighter than aluminumuminumimum. So many things in our lives come from petroleum that it is a challange to think that some day we will have to live without them. Maybe they can make sugar free donuts out of uranium? What is 20 miles under our feet in Logan County? We simly do not even have a clue.
This is all getting more mind boggling every day Martha, thanks for firing up the imagination. So now we see something of an explanation for the Dust Bowl, blowing Oklahoma away. That was back when my Father washed dishes for a living in a Arkansas City Café. The great depression. That is when my Grandfather purchased mineral rights from an unlikely source, I will not go into that. But I do not know who owns the lad now, I understand “db” lives on part of it. is this not right? But my great Grandmother Shafer, (spelling is correct I understand,) was the original owner of both the land and the minerals. That was my Grandmother Violets Mother. Great Grandmother Shafer, I saw her and Aunt Faye 2 times, and Duane, my older brother and myself. later saw Aunt Faye one weekend in Long Beach, California. What a story this is. Now we have only a small portion, assumedly only 1.879 acres worth of minerals, out of a 160 acre plot of Oklahoma dust? I am not very good at math, but I do not know if this adds up. I just don’t know. Yet.
devon only could flare gas. on one of mine for 30 days
db, how did you learn about Ruffed Grouse being “shut in”?
Shut in, of course, is siply a minimal royalty will be paid although the well is in a non-productive state intentionally, even though Osage knows the well is a producer. Why would they do this? Many reasons, but I see nothing to indicate the well is, or will be, capped. I recall Osage CEO comments a couple months to stockholders, that, to wit, “it would be a big mistake to think these wells are low producers or non-productive…” but the first reason for being shut in that comes to my own mind is that the market price has dropped so much. They want it 120$s and even up, but in no way less than 100$s. Just my opinion.
Debra Accord, I also have a few mineral acres in 36-15N-2W. Is that 95 Net Mineral Acres that you have for sale? I might possibly be interested. How much are you asking? So far they are not leasing there. You can e-mail me.
the well was shut in because of a downhole problem,they are working on it today
they can flare the gas until the pipeline reaches it…and they dont have to pay for flared gas unless it is metered,unless your lease is required them to pay an estimated amount,which i have only seen in one lease
In Oklahoma, an operator may vent or flare up to 50 mcf/day without a permit if: (i) it is not economically feasible to market the gas; (ii) a suitable stand, line, or stack is used to prevent a hazard to people; and (iii) there is less than 100 ppm of hydrogen sulfide in the gas. For venting or flaring at rate greater than 50 mcf/day, the operator must seek an administrative permit from the Conservation Division of the Oklahoma Corporation Commission. see (56) Form 1022. http://www.oar.state.ok.us/viewhtml/165_10-1-7.htm
http://www.epa.gov/airquality/oilandgas/pdfs/20120417summarywellsit…
Ronald Von Wilson, Here’s an interesting and informative site. Click on all the boxes starting with Quaternary and click on any links at the bottom of the pages. http://www.ogs.ou.edu/earthscience/intgeol/11quat.htm
A question for the group: How long does Devon have to flare gas before they need to start selling it. And why do they not have to pay the royalty owners for the gas that they are flaring?
Debra Accord, I feel like I must tell you that I am very interested in purchasing your rights, but my cash flow at this time prohibits it The most recent offer for my own minerals is 3,500$s per acre and it is still effective plus they will attempt to beat any better offer I might have or receive.I am not certain just where 36-15n-2w is physically, and hearsay has it that at 20-17n-3w Ruffed Grouse is doing mostly water??? and only about 20 BOD, but I do not believe this is how it will turn out when they get their acts together. There is just too much oil down there, I read headlines a while back in an Industrial Publication that read, to wit, “…the biggest problem Oklahoma has today is that Oklahoma just has too much oil…” While Winston Churchill said in a speech in Fulton Missouri a few years back that “the biggest lies are statistics…” he said so in jest, (we think) but fact is just look around at what is coming out production wise in the very earliest stages of this modern day oil boom in Oklahoma. “We ain’t seen nuthin’ yet.” This is no time to be shy or coy!!! Ask questions. Act like you KNOW IT ALL, and NEVER admit to knowing nothing about minerals or mineral rights. That is the very worst thing you can do.
Dec 2 Seeking Alpha Article: http://seekingalpha.com/article/1871451-2013-natural-gas-transporta… “The recently announced Cummins 12-liter engine, capable of running on both CNG and LNG, is a game changer for the long-haul trucking industry. Its acceptance in the industry will lead to a faster pace of adoption of natural gas in the transportation sector. This will lead to a more refueling stations and 2014 looks to be a great year for natural gas transportation.”
Debra Acord, It’s to early for me to tell what your minerals are worth. Devon and other companies are just now hitting the sweet spots and will eventually get to the rest.