The Davis Trust 1-7H top hole location is 18-3N-4W but all of the production will be from 7-3N-4W. There is not longer a rig on it and it is producing some oil. I might be able to get you some numbers next week.
If she owns rights in 7, she be getting paid on it.
Yep, Heard someone say one time that āthose who never make mistakes have never done anythingā. By golly, I think thatās true!!! We just need to laugh at ourselves and go on. Makes life a whole lot more funner!
Hoping someone can shed some light about a question I have. We have rights in multiple wells in Garvin and McClain Co. Most were drilled in the 80ās using the technology of the time and (I assume) tapping shallower formations. Is it likely that companies will come in and do horizontal wells under those old wells to get to larger plays?
All of our tracts seem to fall well within the Woodford as identified by the websites. However I donāt see where companies are drilling areas that were previously drilled or actively producing with a shallower well. Maybe I am looking in the wrong place.
It depends upon where you are located. If the Woodford is thick enough and in the right depth, then you have a chance. To get a sense of your acreage in relation to the current plays, read the Newfield, Continental and Marathon Oil recent investor presentations found on their websites. Look at their activity maps.
If anyone in the group has any working interest in any of the horizontal wells, it sure would be useful information for other mineral owners considering working interests to hear how actual expenses came in compared to the AFE.
Yesterday I drove through western Garvin County in the SCOOP south of Lindsay and Erin Spring. I have interests in three wells in Section 30, 4N, 4W, bordering Grady County. A lot of traffic down 70 out of Lindsay, mostly oil related. Most of the existing wells in that area are owned and serviced by Merit, bought from Anadarko. I think Anadarko reserved rights to drill deeper formations, such as the Woodford, but they are no longer active in Oklahoma, Iām told. Most of the oil service people I chanced to converse with were of the opinion that it is just a matter of time before more deals materialize for deeper horizontal wells. Hey Continental, Newfield, make a deal with Anadarko!
Bob, Iām sure you meant Highway 76 and yes, you are sure right about all the oilfield traffic. Merit does have a lot of wells around here but not doing any horizonal stuff that I know of here abouts. Someone told me they are doing their horizonal drilling down around Ardmore in cahoots with XTO. Donāt take that as gospel.