Have some questions and am looking for guidance. I have a lease with Chesapeake. Received an order to vacate spacing and establish horizontal drilling and spacing unit on property in 29, 18N, 1W Payne and Logan. My property with mineral interest is on the Logan County side. The problem is that it is RIVER LOTS.
1. My mineral interest has an area with a railroad easement that I was under the impression when I inherited that I owned the mineral acres under the easement. There is confusion here whether I do or not. The railroad is now defunct and county records are not much help. I would like to clear this up - is it too late to do this? How can I be sure my DIVISION ORDERS/ amount shown per Chesapeake is correct with regard to the amount of mineral acres I own, particularly on RIVER LOT calculation, and RAILROAD EASEMENT? Yes, I have studied the documents but want to make sure I get (if anything) that is entitled? Go to a lawyer, landman or ?? Any suggestions???
Just curious as to which railroad it was? Many railroads have seemingly abandoned their rights of way, but this does not mean they have abandoned the property, which, btw, was probably given to them by the federal government well over 150 years ago. I can not imagine any railroad in history giving up mineral rights to anyone for anything. They are smarter than this…
An interesting item relating to Logan County and N Central Oklaoma especially, involving a new push by environmentalists to stop all forms of mining explortation, drilling, fracking, andpicking gooseberries in February, to save an so-called (acording to them,) endangered species, widely known as the Prairie Chicken aka Grouse for which Ruffed Grouse is named in Logan County, but seemingly turned out to be a production flop. There has been lots of Prarie Chicken (Grouse) huning over the years, but I doube if they are endangered any more that coyotes are endangered. Seems to be lots of them around everywhere, and the girls keep nesting on the eggs.
Sir Ron Von, you are correct. Railroad owned property is immune from prescriptive easement in most cases, but even railroad property easements can be altered by acts of God.
I heard T Boons Pickens could hit the eye of a running jackrabbit at 300 yards with his .22.
Okay, Thanks.
Question was about Unitization Rules. Do they really differ depending on the geology?
It is La Vaca County, Eagle Ford Shale. Between Hallettsville and Yoakum.
Railroad Commission in Texas, I knew that, what is it in Okla? But railroad commission to me suggestets trainmasters and superintindents and quality control managers and stuff, I knew plenty of them when I worked for the Frisco in Oklahoma Kansas Texas Misery Arkansaw clear down to Mobile, Alabamy, I knew all of the supers, trainmasters, agents, roadmasters and allah their girlfriends, too. tee hee, well peek-a-boo, I guess they all work for the Railroad Commission in Texas now? My Grampa always told me to never believe anything I heard or read, and only a small part of what I THINK I see.
The railroad was the Atchison, Topeka and Santa Fe Railway Co.
I’m from Holdenville, same as T. Boone Pickens who says he grew up “where the pavement ends, the West begins, and the Rock Island crossed the Frisco.”
My brother wanted to “ride the rails” on the Norfolk Southern. Right now, GE and CAT are developing an LNG locomotive that CSX is testing. http://www.bloomberg.com/news/2013-03-06/ge-races-caterpillar-on-ln…
ATSF, Sante Fe, the same railroad my Grandpa retired from in Arkansas City, KWS. I worked for them at the Joint Frisco (slsf) Santa Fe depot in Fredonia, Kansas. Part of the BNSF now, while the Frisco was a laid back easy going community of railroaders, also taken over by the BN, the BN and ATSF were more white collar stiff neck Trainmaster and Supers who … hey I cannot say that on a online bulletin board. Forget it.
My Uncle Harley, conductor on Texas Chief until mid 60’s also retired in Arkansas City. Mother had good sense to name me after him. He had good taste to invest in Minerals rather than children. Lucky me. Still waiting for D.O. and first check. Well went active on 25 September.
I have rode the Texas Chief a few times, also the Super Chief, now extinct I think, and the El Capiton, last I knew it was still chugging from Chicago to California.
On completion reports, which seem to be about a year in being available for some reason, I am wondering if there is any significance in output status being flowing and pumping. It appears to increase if they are pumped, but is there some reason the initial reports might preferred to be flowing,? Are the heavy producers in the gulf not flowing for the most part, as are the wells in Alaska and the Arabian network just let to flow at least for a bit of time, and then resort to pumping?
Flowing means that the wells are producing under their natural power due to their depth and geology (which I won’t go into now)- the fluids will make it to the surface by themselves up the production liner. This is optimal since it requires no external power source or funding. Somewhat like letting the cap off a soda bottle and the fizz escapes along with some fluids. Pumping means that the reservoir doesn’t have enough energy to get the fluids to the surface, so pumps are required which costs the operator money. In general, you allow a reservoir to flow for as long as it can and then you resort to pumping for primary recovery. Secondary and tertiary recovery is a next step after that, but a separate conversation.
Mr W. To your point, this production rate, assuming no further decline apparently will yield about $1.14 per day per acre if 3/16th royalty. If this is the only producer it is not a good return. [about 5-6 years]. If they drill two more wells, it looks better. Still not very good. I used Shalebiz.com and did not try to calculate the decline. Just a footnote, that Tax Commission web site link is not showing any sales of Gas.
This is just the beginning. Right now O/G companies are drilling the ‘sweet spots’ where the oil/gas liquids accumulate the most. Envision many traps of sorts that the oil migrating out of the Anadarko Basin filled. This migration continuous even as I type, so the traps will refill. What we will see next is called “infill drilling” where horizontals will prevail in the Woodford, but verticals may be used for the Miss. In time, secondary recovery will come and reworking and redrilling the units also. Not what we are accustom to, but highly profitable when the US oil ban is lifted and US starts exporting oil and at Brent price which has become the global price of oil. LNG exports are happening right now and Congress will decide if more should be allow in about a month. Our mineral interest payments hinge on 3 words… “continuous petroleum accumulation”.
Another earthquake in Yellowstone Park today, which sets atop what is potentially the most dangerous volcano in the Western Hemisphere, and speaking of PhD’s, or is it pHD’s, whatever, LOL they claim that when, (Not if, but When) this volcano blows, and they think it is overdue, it will be the biggest major disaster in centruies. It has been predicted years ago that when it blows, according to the PHds, most of life in the entire Midwest USA will be snuffed out. I am not sure, but I think that prediction was made when Ronald Wilson Reagan fired as many pHd’s as he could find, because he thought they were destroying the economy. LOL well, maybe not LOL, but lol…snicker???
Here are the monthly production numbers for Ruffed Grouse beginning with June through Jan: 834,3081,2292,830,808,159,1079,657. Looks like less than 50 BPD.
You can keep watch on this Web Site if you want:
https://www4.oktax.onenet.net/GrossProduction/PublicSearchPUNbyLega…
Martha,
Amazed at the info at your “mouse” tip. I am reminded of a fellow student at UT Grad Sch of Lib and Info Science who had a PhD in Geology. Not sure where he landed but always thought of him as having a remarkable skill set. Alas I ended up digitizing refinery engineering drawing and equipment libraries.