I just received my pooling notice for subject section. The offered bonus' are $875/A with 1/8 royalty; $825/A with 3/16; no cash bonus with 1/4. The estimated completion cost is $4,208,402 or approximately $6600/A to participate. Dorado generated a well spud notice on Oct 6 for a disposal well in sec 35 and are actively drilling a horizontal well in S36 18N 5W. I have 2 questions --(1) How do I find out how Dorado's S36 well is progressing and (2) Is there a form that must be addressed to the OCC to formalize my leasing and/or participation decision? The pooling order just says that the OCC retains jurisdiction. I must make my elections within 20 days from November 3.
There is no OCC form. You basically just need to reply to Dorado in WRITING, at the address specifically mentioned in the order, and let them know of your intention. Many oil companies just have you "check the box" on their letter.
With Regard to S36 18N 5W - all of the working interest owners will be receiving daily reports, but this is not public information. Unless you know someone, you are not likely to find out anything. Until they actually complete the well and start flowback, it would be somewhat speculative anyway.
THANK YOU! I am turning on my word processor tonight. Mailed as certified, return receipt requested.
JW Anderson said:
There is no OCC form. You basically just need to reply to Dorado in WRITING, at the address specifically mentioned in the order, and let them know of your intention. Many oil companies just have you "check the box" on their letter.
With Regard to S36 18N 5W - all of the working interest owners will be receiving daily reports, but this is not public information. Unless you know someone, you are not likely to find out anything. Until they actually complete the well and start flowback, it would be somewhat speculative anyway.