Will each of these wells 1H and 2H pay out separately? I assume they will produce a certain amount each and be combined with the total productions for royalty payments? is it common for them to run 2 wells to one rig like this?
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Nope,
Each well has a track that is "individual". They are separate from one another and are horizontally extended in a distinctly different direction with possibly different horizontal mineral owners.
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M_Smith this is the Fiery Furnace stake. No pad yet but according to Colgate landman, drilling should commence in November '19.
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Thanks a bunch Hector:+1:
Each well will pay out separately, yes. As for your interest in each, it depends on how they are permitted. If they are both in the same pooled unit, then your interest will be the same for each. If they are allocation or PSA wells, your interest may vary slightly depending on the as-drilled plats. And yes, drilling multiple wells from one pad site is very common. Oftentimes a lot more than just two. I hope that helps answer your question.
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According to Colgate Energy Fiery Furnace 68 Unit has been renamed to Shadrach 68 Unit. Shadrach on Section 68 Blk 4 will include Abstract 3260, 3843, 1126, 3259 & 1154.