Carter County, OK - Oil & Gas Discussion

Comment

Comment by Buddy Cotten yesterday

Dear Mr. Thompson,

The NGL yield is measured in bbl/mmcf.  The NGL are sold by the bbl.  On my check, the NGL generally run about 1/2 the price of a bbl of oil.

Buddy Cotten

Mineral Manager

Comment by Daniel A. Thompson yesterday

The previous post should read:

 

How is NGL, natural gas liquids, measured, BBLS, GALS, or MCF?

Comment by Daniel A. Thompson yesterday

How are Natural Gas Liquids measured, mcf or bbls?

Comment by Daniel A. Thompson on May 9, 2012 at 5:12pm

There is a producing well in section 30 3S 3E, which I am in a pool.

 

I was wondering if there is any difference if the BHL was located on my acreage?  I don't think the SHL would have anything to do we me, as I am not the land owner.

Any ideas?

I

 

Comment by Olvis Ray Strickland on May 6, 2012 at 5:55pm

Thanks a lot....I hope they get to where our mineral interest is.

Comment by Daniel A. Thompson on May 5, 2012 at 12:42pm

YTD 1/1/2012 TO 5/5/2012 there has been over 160 drilling permits issued for Carter County!

Comment by Daniel A. Thompson on May 5, 2012 at 11:39am

HOW I DETERMINE MY ROYALTIES.

The royalties for my pool, ALL the mineral owners for the section, is 3/16s or .1875 of the ALL the product recovered.  But, I only have 5 acres of the 640 arce section. 

This means I would get 5/640 or 0.0078125 of 3/16 or .1875 of the product recovered.  So, my take is 0.0078125 x .1875 or 0.00146484 of all the product recovered.  This may not seem like much, but it can sure add up if you have large acerage and a good well.

 

I've seen some gas well producting nearly 4,000,000 cf/day or $240,000 month.  Then there is also Oil and residue.

 

Comment by Daniel A. Thompson on May 5, 2012 at 11:01am

The below information is from the Oklahoma Corporation Commission DRILLING PERMIT database.

http://www.occeweb.com

Move the mouse to highlight  DIVISIONS, OIL & GAS, and DATABASES, click the mouse.

Below the text and just above Database Links you will see County Code Table.  Look up the county you are interested in and write down the county CODE.  Carter County code is 019 (zero nineteen).  You will need all 3 numbers.  Exist the website.

Now go to the OCC Oil & Gas database website http://imaging.occeweb.com/imaging/OGWellRecords.aspx

OCC Imaging - OG Well Records

Form #:  enter 1000, is the drilling permit form.

Legal Location: leave empty or enter the section number, ie 06, 30 etc.  or use complete location, 0603E02S.  Try only the section number to start.

API:  enter the county code – i.e. 019 for Carter county.

Effective/Approval Date:  both dates must be entered, 1/1/2011     5/5/2012.

This should produce a list of Drilling Permits.  There will be two locations for horizontal wells.  On the left hand side of the page about 5 rows down will be LOCATION.  This is the surface entry location where the equipment is located.  The second location should be near the bottom of page two under Lateral Holes.  This is the location that produces the royalties. 

This information is from a newer drilling permit which was electronically scanned verses the older handwritten permits.  It is also for a horizontal well.

If you enter: 1000,  3003S03E,  019,  1/1/2010  5/5/2012 you will see the sample.

 Hope this helps.

Comment by Olvis Ray Strickland on April 13, 2012 at 5:00pm

Thank you all for that info.

Comment by Daniel A. Thompson on April 12, 2012 at 3:14pm

XTO has 4 permits for section 26 3s 2e and 3 permits for section 31 3s 3e.

 

The DRILLING REPORT at http://newsok.com/business/energy will give all the info for the last 60 days.  Both completions and permits are listed.

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