What is the latest on this well? Is it completed? Is it producing, etc
Not sure why the well test for oil is blank since so many tanks were set. The gas test results were fantastic!!!
I assume the gas production numbers for this well are good? Is there a formula to estimate gross revenue based on NMA - or something else? Trying to figure out what ‘fantastic equates to’ , as it sounds good! Thanks…
Tom, I used the word “fantastic” comparing it to other gas wells in Grady County. I have not seen one better to date. Attached is a simple spreadsheet I use just to see what a monthly royalty check might be based on a completion report’s initial test data understanding that actual production will widely vary. Also, with a multi-unit well you will have to know what percentage of the production is attributed to your section. For the ‘Bovine’ it was estimated that 48% of the production would be in section 28, 20% in section 33 and 32% in section 34. I believe we will have to wait for OCC’s Final Order related to CD #201605148 for the actual percentages.
NMACalculation_Simple.xlsx (11.6 KB)
So if I’m reading the spreadsheet correctly, even though the numbers are really good, the net is $246.12. Which divided among the number of us won’t be too much?
Wow! That calculator is slick. Thanks!
Do you have a link for that display of the wells in the Midcon?
Unfortunately, no. This is a subscription service that comes in pdf format.
The $246.12 estimate is a 3/16th royalty per acre per month in section 28-4N-6W.
The subscription link is useful if you can share it. Wanted to check into it.
Max of 25 email a day? There are times when Grady County will need a whole lot more bandwidth than that!
Is there a similar report that would run results for most recent month only on Hoxbar formation? I am particularly interested in a newly completed well, McConnell 1-11 in Grady county.
Nathan, Type in McConnell in the search area (use the magnifying glass in the upper right). I answered your question about the well but it is over on the Springboard site. Unit has it in their last investor presentation.