This has nothing to do with the leases, but interesting. Joe Diffy the country artist is from Velma, OK. He bought my grandpa’s ranch house and remodeled it for his mother. Brother took a picture of it and it looks nothing like we remember but nice to say the least. Glad it is being put to good use.
Diane,
From the comments I’ve read over the past year or so, 500 barrels a day is considered a good well. Anything above that i would consider exceptional. 
Thanks, Joseph
Linda I don’t have interest. It was in Woodford.
Thank you Ed for the update. Do they have an estimated production date yet?
K Dawn
You will receive the royalty % specified in the your lease but you will not receive any lease bonus.
Is that the 1/8 everyone talks about?
Sorry,
It should read how long production must stop.
Thank you guys; I’ll have to get out my micro scope tomorrow morning at see if I can find a depth clause. I’m pretty sure I read that it could be used to any depth for exploration to find oil or gas and develop it. I just know there is many plugged or shut-in wells that are all located in the SCOOP that I quit getting paid on some time ago; Then I start digging around and found out they all have been fracked already back in 1996 by Texaco. Just wondering if the H wells from 1996 are why I have so many plugged wells. Like they depleted the shallower resources. Your thoughts?
S2-T2N R4W BRIAR WELL 1H-35H
Does anyone have production figures–
Robert R
No bonus if its held by production no matter the formation. If you have a depth clause in your lease you can get a new lease and bonus, for instance if the well that is holding your lease by production is in the Hoxbar and you have a depth clause you can get a new lease on deeper formations. If no depth clause you will get the same % as existing lease no matter the depth. Production would have to stop to get out of the existing lease, but i’m don’t know if there’s a timetable on how production must stop.
Who does Echo lease for Kirk, themselves?
Linda.
It is my understanding that Echo leases for themselves. I am not sure what they do if they end up with more acres than they feel comfortable participating with. They may lay off to other non-op partners.
Linda, i think Soonerpe is right and Echo leases for themselves. Because I am leased to Continental through January I have to provide them (Jackfork) with the details of the lease so they have an opportunity to come up with a better deal.
Robert
S2-T2N R4W Brair Well 1H-35H
Production 997 bpd oil,4000 mcf gas pd
Have you learned to use the OCC completion reports?
Can someone tell me what I/O means when reading the OCC daily docket?
Jaccai…I’m thinking what they keep in suspense from the time the well started producing (first sale) would all go to you no matter when they receive the deed. You shouldn’t have to hire a lawyer to get that amount which should be since first sale plus at least 6 percent interest. Maybe someone with the OCC can answer your question for sure or probably even some of these smart people on here.
Hubby just came in and said in the Oklahoman it had another one of the Boles completions listed. He said it was around the same as the last one (a little over 1,000 bbls. of oil a day and some over 3 million cubic feet of gas) but he didn’t bring in the exact amounts. Mighty fine wells!!!
Sounds like really good dealing on your part, Kirk!!! Congratulations!!!
Vicki, I’m thinking interim order.