Thank you M Barnes for the reply!!!
Joe Gene, Newfield may be in that well, too. It will be in the oil zone and not the condensate zone of the Woodford. If this is the first offer, you might want to stall a bit and see what happens. There are some poolings in 2N3W pending with Newfield, so you might see what those end up being to have a comparison.
Bob W. Hmmm, could get interesting. Did you have a depth clause on your lease to Merit? Merit can assign the deep rights to someone else. How ādeepā is deep is the question. Very common to have multiple companies with ownership. You could write the Newfield person back and ask why they think you are open. It could have to do with the spacing on the shallow versus the deep for the Woodford. How old are your leases?
The original 3 wells were drilled by Anadarko and later sold to Merit. Anadarko retained deep drilling rights, under 9000 feet I believe. The leases are held by production and date back to about 2001-2002. Any pooling will require Anadarko OK in my opinion
Bob W -last offer I heard was $1450 3/16.
I have HBP in there as well and certainly hope so. It takes a bit more negotiation to get some of those units figured out since they are so complex. I have some old leases with about seven different zones, different spacings, etc. Quite a mess. Each unit is only supposed to hold its one reservoir, but you can have multiple reservoirs held in one field composed of many units. Where there is enough money at stake, they will figure it out. The Purdy unit is on the oil side of the Woodford, so they will get there eventually I think. The condensate was much more lucrative, so they started there.
If anyone has acreage in that area, I would urge them to get all their documents in order. Know what your old leases said, how deep they went, whether you were subsequently unitized, etc. (Unitizing overrides your old lease). Get your ducks in a row so you will be informed when the time comes. Get any probates cleared up so your title is clear. I am seeing more and more sloppy land work due to the immense volume of work, time crunch and inexperience of the newbie land folks. It is your responsibility to know what you have and keep the title clear. You will need your good paperwork to overrule sloppy land work.
Bob, I see the field. A whole bunch of leases in 2002 and 2003 and now a trickle of new leases in 2012-14. Something is developing with Marathon and Newfield. If your lease had a depth clause, you may be able to lease again. If it did not, then you may have to rely on Anadarko to participate. You will be tied by your earlier lease terms.
Received a lease offer with multiple options from Marathon Oil to drill the Fisher 14-32-29xh as a multi unit horizontal well with a surface location in the SW/4 of Section 32-3N-3W. The well is to have a vertical depth of 9,945ā an an appx total measured depth of 20,000ā to thoroughly test the Woodford Shale formation.
I have an interest in the Section 32 described above. Does anyone else have any information on this?
M Barnes, the Newfield offers were $1400 for 1/8, $1200 for 3/16, and $1000 for 1/5. My familyās 40 acres is leased to Merit but Anadarko retained deep drilling rights under the existing, producing 3 wells. I donāt know how they are dealing with that issue.
I donāt think that 30, 4N 4W is in the Purdy Springer of Purdy Hart units. The well records look like 6, 80 acre spacings with active wells.
M Barnes, when you say āunitizing overrides old leasesā, I donāt guess that would mean it frees up lower depths from being hbp.
Lynden,
Actually, sometimes it does free up other zones-above and below. It all depends upon how the unitization documents read. Sometimes they reserve deeper zones and sometimes they release them. I just got force pooled on a whopping 0.65 acres for a particular zone within a producing field because it had never been declared part of a unit and had been released during unitization. Another place, I was force pooled a second time because the Springer was not listed in the first Force pool. Love that second chance! Took 1/4 that time! Wasnāt offered the first time around.
You kind of have to think in 4D. What zones are leased, how far horizontally (spacing units) and how far vertically on original leases. Then you have to keep track if the area is unitized because that will change things again through time. I keep big spread sheets!
I got the proposal letter from Newfield on 30-4n-4w. The last tract I got a letter on they applied for pooling two weeks later. Anadarko & Merit made a deal with Marathon with some of their interest in Garvin Co. All but 120 acres of 32-3n-3w is in Purdy Unit. I have interest in 16-3n-4w and part of that is in Purdy Unit and Newfield is fracking a well there now.
Martha, if Merit already has me leased in the Purdy Springer unit will I even be notified if they are going to drill?
Martha, are you guts refusing to the Purdy springer unit? That would be exciting for someone to drill deeper. I have minerals in section 7 3N 3 W as well. Have you heard anything more on this area?
Marathon is bringing in another rig or two into OK, so maybe drilling will pick up more.
Laura: Rig is drilling the Keele, Iām no help with the Havens, but it is about time for some numbers on it. They just finished fracking the Burch yesterday. Pipeliners are hurrying to make the deadline.
Karla, Rick is right. They do not have to notify you about drilling. You can watch it yourself though if you are curious.
http://imaging.occeweb.com/imaging/OGWellRecords.aspx
Just use leading zero if needed in the legal location box.
Thanks Rick and Martha.
Karla,
If your lease is binding by production, commonly called held by production or HBP, there is nothing requiring anyone to notify you of drilling operations. The same is true if you are leased in an area not HBP.
However as a mineral owner, you should be notified if a change is made in the spacing that impacts your ownership. That is āusuallyā the first step taken when a new well is drilled into a different formation. But sometimes these formations area already spaced.
Ron McKenzie, regarding 30-4N-4W, are you HBP or can you participate?
Iām HBP, but if not Iād participate.