Hello: Recently I ask Chesapeake Energy to send me a copy of the Division Order from years past. Well 1-25H in Beaver County OK.
I'm trying to get an idea of the acreage I own in that section. Instead of sending me a copy of the old one as I ask. They sent me a new one to sign.
This has it broke down to .00347221 Type-ROY Status-PA
What does all this mean in acreage form / and or how to calculate it.
Thanks, any help would be appreciated.
Steve,
There is not enough info to tell your net mineral acreage.
You'll also need the spacing of the well and the RI your lease calls for (1/8, 3/16 etc) to get that number.
I doubt the old one has the acreage on it either. That does not appear to be a complete well name.
Assuming it is a 640 acre spacing, and 3/16 RI, you would have 11.8518 Net mineral acres
with 1/8 RI you would have 17.7778 NMA
If that is the Hummer 1-25H well, it is a 640 acres spacing unit.
Thanks Rick and I apologize for not giving enough info.
It is indeed the Hummer 1-25H well and originally was on a 160 acre spacing. Now Unit has grouped all surrounding sections of section 36 for the Sell well, making it 640. Section 25 included.
I also have mineral rights in said section 36 and just signed and mailed the division order.
It has me at .001524500 for the Sell 1-36H well ??.
I guess I just don't understand how one section grows in numbers and another remains the same?
They all started at 5.3334 acres per section. Yet your estimate at 3/16 is 11.8518 with the info I presented.
I also have a lease that expired on Section 24 1N 22ECM and had a call to renew for a company named Apache.
They offered $650 per acre and said I had 8 acres, ... once again my number has grown.
I am blind and stupid how all this works, and just trying to cover my bases.
I have tried to go through the Beaver County Court House, but short of driving 950 miles for discovery, I am at a loss for info.
It seems like I have to put my trust and bond with their hired lawyers for all my interest.
I'm just rambling Rick, and really don't know what else to say.
My interest is at 3/16 on all leases, if that helps.
I hope you can shed some light on this for me. Knowing well you are busy with others, but I do try hard to research on my own. I just need some tools and understanding per direction.
Thanks again, Sincerely.... Steve
Rick Howell said:
Steve,
There is not enough info to tell your net mineral acreage.
You'll also need the spacing of the well and the RI your lease calls for (1/8, 3/16 etc) to get that number.
I doubt the old one has the acreage on it either. That does not appear to be a complete well name.
Assuming it is a 640 acre spacing, and 3/16 RI, you would have 11.8518 Net mineral acres
with 1/8 RI you would have 17.7778 NMAIf that is the Hummer 1-25H well, it is a 640 acres spacing unit.
It is very hard to say. Unless you run the title history, you are at their mercy. There could be an error.
The complete information on your ownership would impact the Hummer well interest. How does the decimal interest from the check stubs compare?
Also the spacing appears to have been 640 when it was drilled.
http://imaging.occeweb.com/OG/Well%20Records/1DCDA449.pdf
The formula to figure it is NMA / UNITSIZE * RI
Your NMA ownership should not have changed. It is possible someone made a mistake in running the mineral ownership report. Actually probable with the discrepancy between Apache and Chesapeake numbers.
Thanks Rick, the decimal interest on the check does read the same. Appreciate your time and help. I suppose the possibility of inheritance might play a role also as to why the three sections all have different #'s.
I may never know without a title history as you mentioned. Thanks again, Steve
Rick Howell said:
It is very hard to say. Unless you run the title history, you are at their mercy. There could be an error.
The complete information on your ownership would impact the Hummer well interest. How does the decimal interest from the check stubs compare?
Also the spacing appears to have been 640 when it was drilled.
http://imaging.occeweb.com/OG/Well%20Records/1DCDA449.pdf
The formula to figure it is NMA / UNITSIZE * RI
Your NMA ownership should not have changed. It is possible someone made a mistake in running the mineral ownership report. Actually probable with the discrepancy between Apache and Chesapeake numbers.