Cana Woodford Shale (AKA Anadarko Woodford) - Oil & Gas Discussion archives

Shales Cana Woodford Shale (AKA Anadarko Woodford)
4183

Got another offer to purchase Stephens Co. Sec. 29, 2n,4w for $5500. and acre and offer for Sec. 34, 3n,4w for $4500 an acre.

4184

For anyone interested in Great News in the South Cana Woodford I have it posted on the Stephens Co. forum. Check it out and enjoy!!!

4185

It’s called a DEPTH CLAUSE and it should name the fromation that the driller it limited to, otherwise he can drill to any depth. If you have this clause you could lease your land to another driller for any formation below the limit of the first driller.

4186

So, I will get a new lease from Continental should they drill at some time?

If so, I will make sure and have an attorney look at it before I sign.

Thanks for all the info.

Gracie

4187

No you will be under the terms of the old lease which was for 3/16th or what ever. Sheridan leased to them for 1/4 so you will get your share under the old lease and Sheridan will get the balance of the 1/4.

4188

Finally I understand.

Thanks Ron.

4189

Angela 3/11/12

4190

Are there any title problems that you know about or are you just waiting on them to send D.O…

4191

Gracie, I have the same (custody transfer) string of operators. Anadarko, EXCO and Sheridan in 28, 4N 4W. Do you mind telling us what section and township you have? Also, how were you informed that Continental was involved with your lease?

4192

Ok, I learned about the Sheridan, Continental agreement here also. Maybe from Ron. I have not read what was filed at the courthouse between the two yet but I did determine that my acreage is included.

Oil & Gas Clearinghouse on Dec 12 will be taking bids for the Holder A 2-31 in 31 5N, 5W for a .030835 Net revenue Interest in a Sheridan well.

Also, Sheridan showed up in Intent to Drill the Holder A 3-31 to a depth of 16,600’ in 31 5N, 5W.

4193

Does anyone know what the terminology would be in a lease which states the depth that the lessor (or driller) can go down (is there a limit?). I am looking at my lease from 1991, for Grady County. Does this old lease cover the depths they will go down to recover the oil from the shale formations?

Just asking…

Thanks

Gracie

4194

Daniel,

Thanks. Don’t see anything about the depth. Too bad.

When the lease changes hands, as in my case it went from Anadarko to Exco, then to Sheridan, and now Continental, is the lessee supposed to be notified? I found out on this web site. How is it possible for Sheridan to keep the producing well and sell the lower formation to Continental? Sounds like they are selling the same thing twice and I, the owner, am not benefiting.

Thanks

Gracie

4195

Gracie They are not selling they are leasing and you will benefit . They are two different wells Sheridan has the old one and Continental will have the new one and you will have the same interest under both and any others that are drilled.

4196

How can I find out the date of first sale on the Birds Nest 1-6H in Blaine County 6-14N-11W? I haven’t been successful contacting Devon about it. Thank you.

4197

Ron,

I appreciate your help. Now I have to figure out how many months they owe interest for.

4198

Lynden

I found out about the interest in Woodford shale on this forum. I have not spoken with Continental. I contacted Sheridan and was told that Continental is now involved in the lease. Sheridan is still sending me a small check for the well at this loction. The location - Section 10,5N,5W. At this point I am just being hopeful.

Gracie

4199

http://imaging.occeweb.com/OG/Well%20Records/1DD046BE.pdf

http://imaging.occeweb.com/OG/Well%20Records/1DD061B6.pdf

http://imaging.occeweb.com/OG/Well%20Records/1DD05091.pdf

http://imaging.occeweb.com/OG/Well%20Records/1DD08D62.pdf

http://imaging.occeweb.com/OG/Well%20Records/0303B59E.pdf

Here are some wells close to you.

4200

You still own the mineral rights, I think you will get paid if Continental finds anything.

The real reason, in my opinon, is to allow the mineral owner to get a better lease for the deeper formations now that you have seen all the info on leases since your first lease. I sure wish I knew back when I signed my lease what I know now.

4201

They owe you 12% interest (by law) from the first date of sale.

4202

Angela,

Try this website, it’s Devon’s royalty owners site.

http://www.devonenergy.com/TermsOfUse/Pages/terms_of_use.aspx?url=h…