It would seem like a good portion? Price always fluctuates crazy when a Caine moves in into the heart of the region. What do you think maybe 15-20%? Think the EIA might list it.
Thanks, ,I understand about the well denisty, it’s the Exception to rule 165:10-13-9 and rule 165:10-17-11 that I don’t understand.
I wish the OCC and the lawyers would write Orders etc so someone could make sense of the results.
I am refering to cause 201203298 and Order 599626.
I guess if I knew what Rule 165:10-13-9 and 165:10-17-11 say, I may understand more.
The request for exception was accompanied a Well Density request , cause 201203297.
Anyone know what all this means?
Don, Do you knower percentage that comes from GOM?
The following link will let you read the two rules you cite:
ftp://204.87.70.98/occrules/Ruleshtm/forweb04newrules.htm
You’ll need to do a “find” on 165:10-13-9 and 165:10-17-11
The well density request means they want to drill more than one well in the unit you cite. This does not mean they will drill more wells, they just have the OCC permission to do so if they choose to do so.
The other items, I have no idea.
No I don’t.
I think I have finally figured out what the Exception request was that XTO
withdrew.
The increase density well Hobbs 2-30H was planned to be drilled in the NW corner of Section 30 3S 3E, with both SHL and BHL in Section 30… The Hobbs 1-30H’s SHL is in Section 31 3S 3E and the BHL is in Section 31.
I guess XTO is going to use the SHL of Hobbs 1-30 for both wells.
I forgot to ask for the section number. So I need Section, township, and range for both counties.
Daniel, thanks for the permit info. I’m not sure what it means other than there is some activity in the area but it doesn’t sound like much. As for Cleveland Co. it is section 23 6N-1E for a grand total of .7 acres.
Olvis - thanks for the feedback about Calvin. Just haven’t felt comfortable with them and their offer. They want a 2 year option and I hear that is not a good thing.
Do you know the case number?
Not on me right now.
Hi, does anyone know of if there is any activity going on in 5N-7W and 6N-7W? I have some mineral rights in a couple of sections there and have had people wanting to lease and/or buy my mineral rights. Anyone hear of Calvin energy? they want to give me $350/ac for a 3 year lease with a 2 year option. Are they reputable? I had to ask for a non-deduction clause. Is that normal to have to ask for that?
Would it be a good idea to sell my mineral rights in this area and how would I know what they are worth? Thanks for any feedback. The help is greatly appreciated.
Don’t sell your mineral rights.
Don’t take the first lease offer.
What county are your mineral interest in?
Daniel, sorry I forgot to mention it but I’m in Grady county with a tiny bit n Cleveland.
Thanks for the intelligence! Any permits this year in Cleveland 9N1W Section 9; 10N1W Sections 8, 26 or 30; 10N2W section 1 or 3? We haven’t seen any leasing action in a long time.
BTW, in Grady county Marathon completed a well in March 5 BOPD and 1,839 MCFPD in Section 11.
Daniel, it is Sections 5 and 6 in 5N-7W and Sections 31 and 32 in 6N-7W. I have about 21.44 net mineral acres there. This is all in Grady county. Pardon my ignorance, but what does BOPD and MCFPD mean?
Vickie what sections are you in.
Ron, it is section 5 5N-7W, section 6 5N-7W, section 31 6N-7W, and section 32 6N-7W.