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Ward County, TX - Oil & Gas Discussion

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Ward County, TX - Oil & Gas Discussion

Oil & gas discussion group for those interested in Ward County, TX. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Members: 268
Latest Activity: Apr 18

Discussion Forum

Bonus and Royalty rates for Section 6, Block 5, T&TC RR,Survey A-9-11

Started by Kevin Shea. Last reply by Rock Man Apr 17. 7 Replies

We have been offered $300/nma and 1/5 royalty four a 3 yr lease.  Is this a goof offer?Continue

Keywords: 4, Blk, Sec6

Section 184, Block 34

Started by Cathy Cinotto. Last reply by JPdallas Apr 12. 5 Replies

I am seriously looking at selling 2 mineral acres (6 total with family members) in this section. I have a few offers already, but would appreciate any advice at what price would be good per mineral…Continue

Ward County TX Oil & Gas Permits

Started by Dave Thompson. Last reply by Clint Liles Apr 8. 490 Replies

Post, discuss and share information related to Ward County Oil & Gas permits in the replies below.Thank you to Clint Liles for championing the effort to keep us all up to date.Continue

Location of 320 acres near Monahans

Started by Charlie FitzSimons. Last reply by Charlie FitzSimons Feb 8. 5 Replies

I would like to visit the area near Monahans Texas and my family's mineral rights acreage. Can anyone help me with directions and a map? I know how to get to Monahans but I would need a map to locate…Continue

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Comment by Elizabeth Christy Barton on April 18, 2018 at 12:15pm

Thank you both for the info...We have 2 completed in Block 34, section 63, 1 that is due to complete in early May and one set to spud in June....anxiously awaiting new!

Comment by Rock Man on April 18, 2018 at 10:27am

Kenneth makes a good point - the more complex that production unit, the longer the DO's take to get finished. And operators want to do them right the first time (since going back later to correct DO's that are in error creates a lot of problems and issues).

But as Kenneth indicate, the first check you receive will be the biggest one you ever get since it will include several months of production.

Just hard waiting!!!!!!!!!!!!

Comment by Kenneth H. Wiese on April 18, 2018 at 10:23am

Rock Man's timing estimates are a pretty good average, but by no means a guarantee.  EOG drilled two wells on a 4 section lease we have in Loving County last year with flow back and first sales occurring in August 2017 and three more went on line this past February. Three more wells are scheduled to spud in June, if not before.

We still have not received a division order or a run check.  It just so happens that, while we have a pretty substantial interest in all 4 sections, many other owners have very tiny ownership interests - there are, I am told, over 300 individuals with mineral interest in part or all of those 4 sections.  So completing the division order title opinion is taking longer than anyone would have imagined, although EOG says we will most likely get the first check in May. 

The good news is that, as the wells are extremely good producers, that first run check - when we get it - is going to be a whopper.

Comment by Rock Man on April 18, 2018 at 10:06am

Once you start receiving checks (or direct deposits), they will occur like clockwork every month (assuming there is royalty money to be paid)

Comment by Elizabeth Christy Barton on April 18, 2018 at 9:53am

Thank you so much Rock Man!!

Comment by Rock Man on April 18, 2018 at 9:51am

For Elizabeth - time frame between well being completed (i.e. frac'd and flow back / tested) and receiving DO will vary from operator to operator. My experience is 4 to 6 weeks. Then another 4 to 6 weeks until you start receiving checks.

Comment by Randy Duggan on April 18, 2018 at 9:51am

perfect Rockman...thank you for that.

Comment by Rock Man on April 18, 2018 at 9:48am

Randy, with the spudding and drilling of the surface hole and setting surface casing, "operations" has begun. But just phase 1 (surface hole). There have been instances where operators have not followed up on surface hole drilling with a bigger rig to drill to TD - but this is rare for the most part.

As for the four well pad that you mention, normally the operator will drill all four shallow wells and case them with a smaller rig (spudder rig). Then move that unit off and bring in a big rig that is capable of drilling the lateral to TD. The time frame between releasing the small rig and getting the big rig will vary from days to months depending on the operator's plans. But this approach does same the operator hundreds of thousands of dollars on a 4 well pad such as this.

Once big rig is on location, operator may drill all four locations back to back to back to back. Only only drill one or two so that they can frac and test the section before drilling the remaining wells on the pad.

Comment by Elizabeth Christy Barton on April 18, 2018 at 9:44am

Can someone with experience please answer a question for me?  Once a well has completed, how long does it normally take to receive the division order?  I have 2 that were completed the first week in April per the land man and just curious when we would start seeing royalty checks. Thanks

Comment by Randy Duggan on April 18, 2018 at 9:42am

By the way...your explanation for wine rack was one I could relate to.  The part about the offset/wine rack appearance makes more sense than what I looked up online.

 

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