I have mineral rights in T157N R101W Section 6. Where can I find information on whether or not this section has been made a part of a spacing unit?
Thanks!
Charles:
It appears from the GIS map that Sections 6 & 7 are both in the spacing unit. It also appears that G-3 Operating has permits on each side of your Section.
William:
Look under “Oil and Gas Leasing Help Group” section of this forum; this topic is addressed with lots of good information. You will have to go the second or third page of this section but you can identify by the heading.
Try this site. They provide a bi-weekly e-newpaper that has a lot of good current information. They provide the information on a subscription basis. http://oph.hotlineprinting.com
Our lease with Dale Resources expired on Jan 5, 2012. We have sent them a letter requesting that they file a release so that we can begin soliciting a new lease. How do we insure that Dale has done this? Is thevfiling of the release necessary before we begin looking for a new contract?
Just wondering how to get the latest news of the development in the area. It’s a long journey to travel from Norway to see for yourself
Charles, I’ve hunted and hunted and can’t find the “Oil and Gas Leasing Help Group” that you pointed me toward with my question dated last Sunday. Could you give me cleared directions?
Does anyone know the bonus amounts being paid in Williams County for acreage near the MT border? My acreage is T157N;R103W;Section 29 . I was recently contacted in regards to a top lease on this acreage at $1250/acre with a 20% royalty for 3 years.
William:
Click on “Forums” at top of page; “Oil and Gas Leasing Help Group” is the first forum; click on “Oil and Gas Leasing Help Group”; go to page 3 or 4 and if I remember correctly, this is addressed in one of these topics.
William:
Hope you can find the post you are looking for.
Thanks Charles, I was going to groups. My Bad.
Can anyone tell me what the new wells in Williams Co. are producing?? Barrels per day wise and does this sweet crude sell for the world market price?? More, Less???
Daren Dean Theige:
There is wide variation in the production numbers from the new wells in Williams County. One good way to grasp an idea in regards to the production figures is pull up the NDIC website and click on “Dailey Reports” , here you will find the IP’s for numerous wells in all counties including Williams County. No, the Bakken crude sells for less than the Brent or WTI crude prices. Transportation costs is a major factor in the Bakken crude oil price.
Mr. Theige, what Charles says is true, the fact is that we can’t move the oil fast enough right now no matter how hard we try. I think if we could move the oil we would be selling alot of it to Erope where it would bring a premium and I think would allow for $95 to $100 field prices in the northern midwest for light sweet. From what I have been hearing from others and from wells of my own, you could get a little more than $87 a barrel field price, but I wouldn’t count on it.
Latest check from my KOG wells, still getting almost $88 per barrel field price which is inline with what I hear from others. I hear of a very few getting $95 per barrel and I think it likely their oil is being moved by rail to refineries in the gulf states so they get a better price even though it cost more than pipeline transport.
I received a check that had January oil at $93 per barrel from Hess. That was the highest I had.
Mr. Lowry, there may be 6 wells per 1280 in time. I think it’s more realistic to hope for 2 wells to be drilled at once and hopefully they will come back up to a decade down the road to drill more wells. They do not seem to get in any hurry to fully develop any spacings. One well will hold a 1280, two wells will hold even a 2560 spacing. I have single wells from early 2008 on 1280’s and a few infil wells are permitted and fewer still are being drilled a handfull of miles from my wells, nothing on mine though after 4 years. I hope it works better for you.
J Lowry:
The following plays a major factor in regards to the initial drilling on leases: the company’s lease holdings in the area, # of dedicated rigs to that company; the lease expiration dates. These factors will be a hint as to whether the company will only drill one well or multiple wells on the initial phase.
Does anyone know about T153N-R99? Long Creek field? I also heard that in that area companies were planning on putting up to 6 wells per 1280 spacing, is that true?
Daren: Could you identify these wells? Well name, operator, location,etc. By providing this info, someone should be able to identify these wells . From what you have described, this second well is most likely another horizontal well for oil & gas.