Robert, just to keep you up to date, I decided to participate in the well in 150/101/6. Just returned from three weeks in Great Britain, expecting a bill when I returned. None here. Nor was there, of course, any royalty checks. Some of my relatives who leased have received their first royalty checks (Feb-Apr), and at least one has not. Seems strange.
Ed, since the well does not leave confidential status until 8-22, they probably have a little more time before they must pay…
There may be a reason beyond being woefully behind that they have not sent you your cash call letter, until they send the cash call and you send them your participation, there is always the theoretical possibility you could change your mind and lease.
Ed, it’s up to you but you might consider giving their elbow a nudge and tell them you want the cash call and will expect the production payment for your working interest.
I received another fishing letter wanting to buy my mineral rights fron Aegis Energy Partners. No amount offered. I kind of get the same feeling when the telemarketer calls asking if I want to buy meat over the phone.
Inactive??
Ed, permits come and go. They might have decided to drill a second well someplace else in your spacing and they can’t just move a permit from location to location. Fortunately, permits don’t cost much. They could permit the same location again, since the location has already been approved. Nothing to worry about.
Robert, my younger sister today sent me a PDF of a document from the NDak oil and gas site, that says the permit for a second well on 150/101/6 how has a Well Status of “permit cancelled.” Reading NDak law, it doesn’t seem reasonable Liberty LLC would do that. What’s my latest lack of understanding about? It’s permit/file number 25051. The date of the action is 7/18/2013.
Robert, I have received my bill for participating in 150-101-6/7. It was about 10% higher than the estimate I had received. Am I entitled to a detailed breakdown of the actual costs, or do I just pony up the amount they’ve billed me for? The bill was basically one line item for development, plus one for production costs to date.
Ed, I’m sure you have to pony up but they should give you a complete breakdown of where every dollar was spent. If you are participating you have the right to audit them. I have an operator I want to audit but I am going to wait a couple years so I can catch more to make it worth my time.
Ed: just read your permit cancelled comment of 7/22. Liberty sold out most - if not all of their acreage to Kodiak.
I was HOUNDED by a company to lease with them, I eventually gave in after the “carrot” turned into $50K for 20 net acres.I was told drilling would commence in July but now there doesn’t seem to be any hurry. I heard there was no drilling due to the wet weather and companies weren’t able to do dirt work. I also heard there aren’t enough frac crews, hence no drilling. So what’s the real story?
Liberty apparently walked away with $660 million when they sold to Kodiak O&G. I received a notification letter with my last check from Liberty.
Frack crews have nothing to do with drilling. I have some wells that went unfracked for 9 months. Sadly the price of oil went from $113 a bbl to $93 a bbl in those 9 months. I think my operator was near broke and needed to get a loan because they had been drilling like crazy and not completing the wells. It cost as much to complete the wells as drill them.
Cindy, check out the contents of this link regarding your question. http://blogs.platts.com/2012/08/21/wildcat_or_not/ “My” well just came off confidential, and the apparently path of the well across the plot are now shown on the GIS map. I knew well production well before the well came off confidential.
What does it mean to be confidential? I mean I know what confidential means but we have well number 18159 which is active and producing but then possibly some which still state confidential. What am i supposed to see when it is not confidential and active?
Thank you Ed.
Hi Cindy, you actually have 3 wells off the confidential list in T152 R94 section 3. #18159 with a cumulative 365,067 barrels oil from August 2009.
#18909 with a cumulative production of 186,675 barrels oil from august 2010 [ you should have been well aware of and paid for this production ].
#20674 with a cumulative production of 178,291barrels oil from June 2012. You should have also been aware of and paid for this production. If you have marketable title and have not been paid, there is interest owed to you.
There are 8 more wells spud in section 3, I think it highly likely that at least 4 of these will be your wells and a good possibility that 6 will be your wells. Possibly all of them will be your wells and more in the future.
If you have 5-10 net acres you might want to get the basic subscription to the NDIC 0&G Division and learn to use it, so as to stay current with developments
While looking at a well near one of my wells in T149 R 97 section 25 I noted that it was drilled deep and found oil in the Mission canyon formation, the Duperow formation. It did not mention Bakken or Three Forks and it was unclear to me what they found in the Red River, but while it may have been a failure of a 1986 vertical well, it did produce 1300 barrels of oil and I think shows promise of other productive formations for horizontal drilling.
I am very new to this site. I have been reading as much as I can. I have two wells in 150-101-13-20 and 150-101- 19. These wells have been running siince 1984 or so. Should I be getting 100# royalty now minus the production cost?
1 of our wells came off confidential status today but it says no production data, 149-93-sec-29 mandaree, any Ideas as to why? Do they still have more time to report? Thanks very much for anyones help, this is a very good site!
Daniel, not much help, but for your information, ‘my’ well showed up in the NDak production reports well before it came off Confidential status, helping me decide to participate in the drilling costs. The well you’re referring to, 22663 does still show as Confidential in the Gas & Oil GIS map, and doesn’t appear in the Production Report put out by the State. Looks like 22664 is in the same spot, and doing well.