Thank you M Barnes!!
Thanks again for this explanation. Hearing is scheduled for October 19.
Interesting story in the Oklahoman today. http://newsok.com/oklahoma-stack-development-still-in-first-inning-…
Wonder why these companies are not making money then? Over-production is killing everyone from mineral owner to operators and they are hiding the fact they are spending a lot to make very little. Touting “Technically Recoverable Resources” is a joke when it is ECONOMIC RESERVES that matter. You don’t see that TRR BS in their SEC filings.
Wonder why these companies are not making money then? Over-production is killing everyone from mineral owner to operators and they are hiding the fact they are spending a lot to make very little. Touting “Technically Recoverable Resources” is a joke when it is ECONOMIC RESERVES that matter. You don’t see that TRR BS in their SEC filings.
No, once you have production in your spacing unit, you are held by the terms of the first lease. Increased density means they are asking for permission to drill additional wells. Good news for you! The commission granted a 640 ac spacing for the first well in the Springer, so the next well would be included under the same order. JMA is requesting the next well. Just sit back and enjoy the anticipated future royalties!
Got a notice for application of increased density well in section 17 T 6 W 11 by another company ( JMA) we already have a producing well there with sanguine LLC
hearing is Jan 23
Do they have to neonate another lease for this separate company that’s wants a density well ?
I meant negotiate
Got a notice for application of increased density well in section 17 T 6 W 11 by another company ( JMA) we already have a producing well there with sanguine LLC
hearing is Jan 23
Do they have to neonate another lease for this separate company that's wants a density well ?
I meant negotiate
No, once you have production in your spacing unit, you are held by the terms of the first lease. Increased density means they are asking for permission to drill additional wells. Good news for you! The commission granted a 640 ac spacing for the first well in the Springer, so the next well would be included under the same order. JMA is requesting the next well. Just sit back and enjoy the anticipated future royalties!
New report on potential of Anadarko Basin