Wow on the Mr. Caldwell’s post/link with the “insight” into Apache and possibly a Chevron joint project. Definitely put things in perspective, particularly geographically. The references to Birch and Ash wells reflect drilling on our family’s property. Nice to see where those are in relation to others in the Northern Flank.
This seems pretty significant: Exxon Investing $50 Billion in CapEx
JC…you bet that’s significant! ShellWestern, ConocoPhillips, Oxydental, Chevron, SunOilCo, all will be following suit soon. There’s 40,000 square miles left to explore and exploit in the Delaware Basin and they KNOW the gas and oil deposits are there for sure.
Here’s one for you, Lawrence!
http://www.ogj.com/articles/2018/01/exxonmobil-to-triple-permian-pr…
CETookeIII…re:ExxonMobile to Triple Permian Production by 2025
Thanks, Charles. Wink, Texas is where I grew up, graduating HS there
in '68. Lots of top people in Apache, ExxonMobile, Anadarko, Sunoco,
etc are classmates of mine. Most are retired and worthless now just like
me.
I’m thrilled that Wink and its citizens are reaping the benefits of this ‘boom’ in drilling/production. Thanks for posting the article.
ol’Lawrence in Verhalen
o
why is there a difference between the state production and total disposition report for a lease ( oil production shown July 17 - 30,052) and what the operator shows for production July ( oil production 1,364.68) ?
I need to understand
Thanks
John
Your link is not working as it is cut-off. Try listing the operator, well name and RRC lease number or API number.
I was on our family property Saturday “checking” things out. Tank batteries are under construction or completed at both of our sites. I guess that is a good sign. Talked to a man who was involved in the completion of wells at both of our sites. Said they are wet - which is cool - and that one is a little slower to get going, but he expects it to come into its own. Between our two sites (near Toyah) another well was being drilled. This site is on adjoining property. Guessing we would see some royalties from that one if successful. Looked like they were already putting in a tank battery for it as well. Did notice a sign referencing Dakota Central Processing Facility on our property. That is new from my last visit. Additionally, they were running an above ground double water line, I am told from a central facility, to support our site. All-in-all pretty impressive.
Stan Mitchell, re: Red136/137 activity:
Control head on wellhead. Waiting for coiled tubing and pump trucks.
Should be in production by end of February.
ol’Lawrence in Verhalen
Where is Wink, Tx in relation to my HG&N Block 4 Section 52 ?
Wink, Texas is many miles NE of your Reeves County Section 52/Block 4/H & GN Survey:
CLICK ON MAP TO ENLARGE
Clint Liles
Does anyone have a map showing the location of the Grisham Fault running E-W through the middle of Reeves County? It’s been mentioned a couple of times by landmen during negotiations.
1 Like
Is there way to confirm that the owner sold his mineral rights in 2012 for parcel S/2 of the NE/4 of the NE/4 of the SE/4 of Section 26, Block 50 Township 7
Brenda Johnson, re:Wink,Tx in relation to your property northwest of
Pecos: They are making an oil and gas transport hub at Wink because
there are multiple 80,000 barrel oil storage tanks there in three sites
near Wink. They are building crude oil gathering lines in Winkler, Ward,
Loving, Reeves, Culberson, Pecos counties of west Texas to tie into
the big nexi pumping stations at the Kinder Morgan, Chevron, and ShellWestern 80,000 barrel tank farms around Wink. They will be building more of those 80,000 barrel tank farms near Pecos on FM2119
soon.
I am trying again…
http://wwwgisp.rrc.texas.gov/GISViewer2/index.html?api=38935114
When I use this to pull up the steamworks lease production the state production numbers are great, but the numbers the oil company have on my statement aren’t even close ~ we participate in all the wells on the lease
Does anyone know why the difference ?
thanks,
John
John,
Without having access to all the information (OGL, deed, etc.) it’s kind of hard to give a definitive answer. But it appears that the drilling permits issued for Steamworks lease are subject to Production Sharing Agreements (PSA). This might be driving the difference between what you are seeing on your payment stubs and what you are seeing on the RRC. If you pull up the drilling permit for one of these wells, you can see for yourself the different acreage allocations to different leases (e.g. Harris Et Al Lease, Lowe Royalty Lease, and so forth). From my cursory review of the lease, it looks like these wellbores traverse several leases and consequently the production has been allocated to each lease. I hope this helps.
http://webapps.rrc.texas.gov/DP/drillDownQueryAction.do;jsessionid=…!-1334238777?fromPublicQuery=Y&name=STEAMWORKS&univDocNo=488403544
Some operators will pay your DOI on the tract basis, rather than the unit basis. For example, if you own 50% of 100 acres at 25% royalty, your DOI on this acreage is 0.50 X 100 X 0.25 = 0.12500. If the well is on 200 acres, then your DOI in the well is 0.50 X 100/200 X 0.25 = 0.06250. If the operator pays your well decimal, then it will be based on 100% of the production and if the operator pays your higher tract decimal, then it will be applied to 50% (i.e. 100/200) of the production. The same is true for PSA wells, but then the royalty decimal depends on the length of the productive wellbore on your tract vs the total length of the productive wellbore. Did you understand and independently calculate the royalty decimal on the division order? If not, then you should call your lessee and ask questions.If you have name of seller or purchaser, look in the Reeves County deed records in texasfile.com
Zenia, message me with the name(s) and I’ll search for you quickly. Texasfile isn’t free, but I have subscriptions to various sites so I can help you.