Go Fast, the crazies will be able to stop the massive US campaign for energy independence, but surface owners do need to know what is being placed on their land and fairly compensated for such while understanding the risk/rewards just like minerals owners need to know what is being taken from their minerals and fairly compensated for such while understanding the risk/rewards. I say drill, baby drill and love to farm, so I will continue to educate myself on the right way to do both.
Correction The Crazies will NOT be able to stop the drilling. The Hippies couldn’t do it either! LOL
Yeah, the seminars present the ‘science’ of what’s going on. They had an ag professor talking about the soil farming. He did say that unless it is high salinity, the water based mud isn’t as harmful as it used to be. He even had a chart telling how much was being paid to landowners who allowed them to spread mud. It seems like 6000#/acre was the maximum that should be put on per year.
Does anyone know what is going on in Payne County, Oklahoma - Section 4, 5, 10 all 19N 1W? I’ve had several mailings and understand they are drilling in Section 8. It is Devon I believe. I’ve not signed a lease and haven’t been pooled. My interests are very small. I believe it encompasses Section 4 and 5. Not sure about Section 10. I believe they are trying to vacate existing spacing orders. I have been sent offers to lease but wanted to hold off and see what the deal is. Initially I only received info on Section 4. Yesterday had another mailing on Section 5.
Actually I received that vacate spacing orders on Section 4 19N 1W yesterday not Section 5. I received Section 5 back in April.
Jennifer, I was told Devon has drilled from 8 into 16 & 17-19N-01W and is starting to drill 8 & 5. RedFork sold 10 and other sections to AEP, but B&W protested well locations, so legal hearings will determine 2, 10, 14 and 15. AEP is up above you in 34, 35-20N-01W Noble.
Steve,
Thanks for the information and link, found what I needed.
I have been offered the same terms and bonus amount as paid three years ago for 12.5 acres in Section 15. Anyone familiar with the amount of bonus paid in this area? Also has anyone been successful in deleting the expense deductions section of the lease agreement or negotiated alternate language?
Joshua, what Township-Range do you own in? What is the going rate in your area? Thanks!
Payne: American Energy-Woodford LLC; Berry No. 24-3WH Well; NW1/4 NE1/4 NE1/4 NE1/4 (SL) of 24-18N-03E; 135 barrels oil per day, 497,000 cu-ft gas per day; TD 8,719.
American Energy-Woodford LLC; Stiles No. 26-1WH Well; NW1/4 NW1/4 NE1/4 NE1/4 (SL) of 26-18N-04E; 515 barrels oil per day, 878,000 cu-ft gas per day; TD 8,645.
Payne: Devon Energy Production Co., LP; Mildred Marie 2-19N-3E No. 1WH Well; SW1/4 SE1/4 SW1/4 SW1/4 (BHL) of 02-19N-03E; 148 barrels oil per day, 477,000 cu-ft gas per day; TD 9,581.
Devon Energy Production Co., LP; Mildred Marie 3-19N-3E No. 1WH Well; NE1/4 NE1/4 NE1/4 NE1/4 (SL) of 03-19N-03E; 124 barrels oil per day, 124,000 cu-ft gas per day; TD 9,128.
Jennifer
http://imaging.occeweb.com/OG/Well%20Records/1DD1D7DA.pdf
http://imaging.occeweb.com/OG/Well%20Records/1DD1DEF0.pdf
http://imaging.occeweb.com/OG/Well%20Records/1DD1EDB9.pdf
http://imaging.occeweb.com/AP/Orders/occ5116907.pdf
http://imaging.occeweb.com/AP/Orders/occ5099235.pdf
It looks like they started the well under 8 & 5 before they filed the pooling for 8 or 5.
Completion test report was 340 bopd 944 mcfpd, see link.
Oil production Jan-April 6540, 4600, 3432, 2526
I don’t see any gas sales recorded yet.
Hello, I own minerals in Eubank 11-2WX Section 11 & 14-17N-04E Payne County, Oklahoma. My question is does anyone have a production report from this location.
G. Win, If you talking about 31-18N-3E on your pooling question, they have not filed paperwork for a well there yet. It would take a month or more after they started the paperwork.
Thank you Rick this information clears up a lot of questions that our family had.
Can someone help me to determine if there will be 3 or 4 wells on 25-19N-2E? OCC Cause CD 201403581, there are two applications for increased density, thanks.
I had a lease offer on my mineral rights property. My attorney wants some of the language about the expenses cut out. He also drafted an Exhibit A to add. I talked to the landman and sent the information to him. He said that he would have to have his people look over it and get back to me. It has been 3 weeks. If the area is pooled before I sign the lease, will I not have a lease?
Does anybody know if Calyx is drilling 31-18N-3E area?
G. Win,
The pooling order takes the place of a lease if none exists.
I’ve seen some sign leases with the operator after a pooling order which resulted in less favorable terms than what the pooling ordered. Be careful if you end up in a pooling situation. You do want to make an election on the pooling order. You may or may not want to enter a lease, but you had better understand 100% what that lease does that comes during a pooling order period.