Robert,
I have not seen anything filed on it yet. It must be early in the process. We only have an ORRI in 6-1S-3W, so I wouldn't get a lease offer. Chesapeake was going to drill a well there about 5-6 years ago and ended up dismissing the order.
This would be the first time I've noticed 89 Energy coming up outside of the STACK play. There has been a lot of assignments in this section the last several months. I had thought it might be another area that Echo would be operating in 1S 3W
5 South 2 West around Section 32 - any recent lease offers? Bridgeport offering $400 3/16ths. This area has has some recent success with Woodford Hunton re-completions
I am an owner in 6-5S-2W and received an offer to purchase my interest in this section. The landman would not tell me what company he represented. What are people seeing as lease bonus amounts for the surrounding areas, such as 5S-3W, 4S-3W and 3S-2W? Any feedback would be helpful. Thanks!
Craig, any time you get an offer to buy, someone knows something. I always sit back and wait.
3S 2W force poolings are running at $500 3/16 $250 1/5 $0 1/4
4S 3W no poolings last 999 days
5S 3W only one pooling in 2016 at $162.50 3/16 $50 1/5
5S 2W no poolings last 999 days
Robert, Looks like the 89 Energy II well will spud in 31-1N-3W by the naming convention. I haven't gotten anything yet for 6-1S-3W which is the southern part. Good news.
Sections 18 & 19, 2S 2W Carter County, ECHO is pooling. Sycamore & Woodford formations.
FYI--I just rec'd today from the Law Offices of Richard Books, OKC, a notice:
Echo Operating, LLC & Echo E&P, LLC
Relief Sought: a 640 Acre Horizontal Drilling & Spacing Unit
Section 11, Township 2 South, Range 3 West, Carter County
Application
Stephen, they are drilling for Sycamore & Woodford. Also, Echo is drilling a horizontal in Section 2, 2S 3W for Sycamore.
2S 3W, Sections 5 & 8 ECHO is getting ready to drill a Mississippian (less Chester) & Woodford.
3S 2E, Sections 30 & 31 XTO is getting ready to drill a Sycamore, Caney, Woodford.
Yes, I have from the same law offices 3 other notices: 320 acres horizontal N/2 Sect 11 T2S R3W, Multi-unit Horizontal Sections 2 & 11 T2S R3W, Multi-unit Horizontal Sect 2 and N/2 of Sect 11 T2S R3W