My attorney just informed me that since lease addendums (aka exhibits)are after the signing page of the lease O/G companies may not file your addendum. So, correct wording of your lease is very important and getting a company to accept your lease may be difficult. Of course, waiting for pooling is always an option to be considered.
KDM … Would Devon have to file an “Intent To Drill”? This is somewhat of a shady area of concern that I have never seen answered to any satisfaction, and would love to see a definite response to this question. My understanding has been that they can only go for the locations listed on the pooling order. But, what would happen if they did some more seismic actifity, and saw a what they believed to be a potentially huge pool directly below the bit head but deeper and into another formation? Could they go for it anyway?
KDM, My minerals are in Sec 17-19N-01W and there is a fault in my section which has been confirmed by a O/G company (not Devon) active in this area and stated that they have seen the 3D seismic. Faults are tricky and there are some formations other than the Miss. and Woodford that may come into play. Devon did file a directional survey in Sec 29 after drilling. However, there are many moving parts here and some may not have gone as planned. That being said, it is the responsibility of us mineral owners to stay informed, know your minerals as well as the surface and talk to professionals. I am doing my best to find all the answers to my questions and yours, but it is very difficult, so I understand your dilemma and will keep you informed. Keep the faith.
Martha, I very much appreciate your willingness, and others, to share what you know. Less than a year ago I began this self-education process and was lost as a Christmas Goose. Folks like yourself, Ron M, and others on this forum have been an invaluable asset. Sometimes I marvel at the time you take to answer questions. I’m sure that some of us are like baby birds waiting for you to drop a morsel into our gaping mouths. Please know that I do appreciate it and am doing all I know to do (other than bug you guys on this forum) to learn. But there is no doubt, I am still in the very steep portion of the learning curve. I do have the interest to know more, and since our RI are so close, please let me know if there is anything I can do on my end to help provide you with additional pieces to this puzzle. I will be visiting the property in the next couple of weeks. If there is something I can eyeball for you while I’m up there, let me know. Would love to bend your ear sometime.
Hey folks, we’ve been contacted by Red Fork in reference to wanting to put a pipeline across our 240a. place… Iv’e been offered $75. a rod, which is 16.5 feet so they tell me. But there are two lines, one water and one for oil or gas. Gee whiz, too many decisions. Can we get more? What’s the consensus, gang? Would sure appreciate the feedback!!
Steve Davis, What is your legal description and do you own just the surface or minerals too? Things to consider asking: Who will actually operate Red Fork or an affiliate, diameter and capacity, start year, start point and end point, underground storage, and what price per rod have others received for similar pipeline access. Hire an Oil and Gas attorney to review your contract before you sign.
Steve Davis, Not telling you what to do, but I would get an Oil/Gas attorney to help negotiate your mineral lease and pipeline lease contract, because current leases and pipeline lease contracts have clauses that a good attorney will fully understand, delete and/or amend. Fighting for surface damages after the fact is far more expensive and you don’t want to be paying costs associated with a pipeline that runs across your land.
Steve, You might post this question on all the forum’s county discussions since pipelines are being built all across OK. Here’s 11/12/2013 article on pipeline problems and at bottom of article is Fed. agency to contact with pipeline concerns. http://www.tribune-chronicle.com/page/content.detail/id/595545/Pipe…
Apparently Section 14 in Payne County is the hot spot right now, for Devon and Red Fork…Drilling soon to start on 3 sections on Section 14, anyone heard anything else, regarding Section 14?
Hi Martha, I’m in sec 30 r5e t20N just across the line in Pawnee County we own the surface and minerals, are leased to Red Fork until December, but no wells being drilled as yet. They say they are headed to a well west of us in Payne County.
Right, Tuesday the 19th in Oklahoma City, for pooling Application, then the Intent to Drill Order…I believe you get about $9.00 a barrel…to answer the question above my input…
Understood, just trying to get a feel for what others have been getting. Seems like someone brought this up a while back, but I can’t find it in the discussions.
What section 14 are you talking about ?
Still, there must be someone on this forum who is a surface owner as well that has some knowledge of pipelines, since they have criss-crossed all over Payne county lately. Just looking for a little advice. Please see earlier comment. Thanks, Steve
Section 14 Township 19 North, Range1 N/2 and NE/4 S/2 and NE/4
Ron: Do you live in Stillwater?
North of Edmond
Very good .
Bob, I’m in Sec 17-19N-01W where the Miss is somewhat eroded and there is a fault that’s giving Devon some problems. Do you know the geology in Sec 17?
Range Resources is considered to have the best “Miss Chat” wells. Their Nemaha Uplift is prospective for both the Miss Chat and Miss Lime.
Range Resources Midcontinent Division – Note: This report is for Ranges Mississippian wells only (Chat or Lime?) and not Woodford or any other producible formations encountered in the drilling of these reported wells.
During the third quarter (2013), the (Range’s) Midcontinent division continued to focus on Range’s horizontal Mississippian acreage along the Nemaha Ridge. Initially, activity has been concentrated across the southern portion of the Company’s acreage position. In October, Range completed a 12 mile northern step-out well that had an initial 7-day production of over 300 barrels of oil per day and an average 30-day rate of 330 boe per day with 94% liquids (85% oil and 9% NGLs). The division tested completions with larger frac stimulations on four wells that averaged production rates 45% above the 600 Mboe type curve for the first 65 days. Results from wells completed with the larger fracs continue to significantly exceed results seen from wells drilled in the early part of 2013 that were completed with smaller fracs. A total of 7 (6.8 net) wells were turned to sales during the quarter with average lateral lengths of 3,742 feet with 21 frac stages. The initial production on these wells averaged 622 (493 net) boe per day with 75% liquids and is the highest average for any quarter to date. Despite the larger fracs, Range has been able to drill and complete the wells at the same cost of $3.2 million. Range anticipates bringing online four additional horizontal Mississippian wells with larger frac stimulations during the fourth quarter. http://phx.corporate-ir.net/phoenix.zhtml?c=101196&p=irol-newsA…=
Now, after reading all the above you might want to read the article below. Seems we are not the only ones who are confused. This is an old report dated 2011and does not give much info on OK, but it does explain the Mississippian confusion. (Know Your Formations)