Over a period of more than a year we got offers increasing from $7500 to $25000/acres for our acreage in S20-3N-4W. Currently, the Lang1-20H is producing there, a good well. Apparently, the prospective buyer was selling less productive minerals to invest more in the SCOOP. In early Oct’14 there was another rig about 1/2 mile west of the Lang - anyone know what that one is? We hear CLR is planning to drill several more wells nearby. Any recent activity in S20-3N-4W or S21-3N-4W?
Mike there is a new nice woodford well in 16-3n-4w and they just filed for a springer pooling there. 21 also has a nice woodford and a nice springer. 18 has a woodford and they are starting 5 more wells there in woodford
Thanks, Ron … Warden1-20H, Spud Oct 4, 2014.
I have been out of pocket for a while and would like to know if anyone has any info on any activity in Section 23-3N-4W Garvin County. On 11-17-14 I received an offer to “buy” our rights from Oklahoma Unconventional LLC for $9,500.00 per acre. They also said they would beat any other offer we might have. Since this area was lumped into a 640 acre tract and the offers keep coming in I wonder if any drilling has taken place yet???
Jim,
The Ferguson 1H-14X in 14-3N-4W was spud in mid September which includes section 23. I don’t see a completion report or that a PUN (production unit number) has been issued yet. You offer is a good sign it should be a successful well.
Wondering about this entry on OCCEweb, it might mean something to me, in section 17 3N 4W where there is a flurry of activity. Anybody know anything? (New permit to drill) There is a big new pad in the Northwest corner of 17, and I wonder if it is being used yet, but I think this permit is in the Southwest part of the section, contiguous with section 20 to the south.
I, too, am really wondering about this per barrel price point we are at now, seems the Saudis want to squeeze us out if possible, quite a risky move it would seem.
I definitely am interested in leasing 252.33 acres located in Garvin County, Section 19, township 4, North Range 2 east of the IM.
I own the mineral rights or royalties on 252.33 acres in Garvin County - legal Section 19 Township 4 North Range 2 East. I might even be interested in selling 50 acres of the royalties.
Interesting post by Jake Allen in the Grady county forum:
Comment by jake allen 1 hour ago
From CLR most recent presentation12/3: Springer wells may still have a decent return on investment, Woodford Condensate Fairway with multiunit wells may also still have a rate return where wood ford oil can not make money in this price environment
Springer Shale Oil
• EUR: 940 Mboe
– Normalized to 4,500’ lateral
Completed well cost: $9.7 million
ROR: 86% at $80/$3.50 prices
Current prices estimated at +/-$55-60BO and $3.80MCF
ROR: Return on revenue does not count cost of debt financing
Woodford Condensate Fairway
Ext. Act. Production (8,700’ Avg LL)
EUR: 1,725 MBoe
̶ Normalized to 7,500’ lateral
Completed well cost: $12.2 million
ROR: 60% at $80/$3.50 prices
Woodford Oil Fairway
EUR: 655 MBoe
̶ Normalized to a 7,500’ lateral
Completed well cost: $12.2 million
ROR: 22% at $80/$3.50 prices
Vicki … Ferguson1H-14X, Spud 9/14, S26 under S23 into S14
Far from Guinness. But, there is an international club of runners that do the same thing. It has criteria 9 different levels based on achievement. There are just under 10,000 members and about 65 of us have reached the highest level. Many are far more aggressive in number of runs (and much faster) than I am. We focused on meeting the criteria and devoted the time, money, and vacation time to meet the goal. Now for a small breather to meet some more goals! 
Maybe you should just drink a Guinness!
Yeah. That’s it. Mike, you seem to have an interest in this well. Any idea if they would be frac’ing right now?
Vivki … Don’t know. I’m in San Mateo, Ca. now - grew up in Chickasha. I’m interested in activity in this part of Garvin - we have a well, Lang1-20H, in S20-3N-4W. I drove there in early Oct to see the landscape, down 76 from Lindsay…
Rick-- are you running the Dallas marathon?
Linda, if it is the Ferguson well in 3N4W that is down in the Purdy area, then that might be the well they are talking about (??). I don’t know much about that well, but assumed that it is on Christine Parr Ferguson’s place. I saw where they were drilling/drilled a Ferguson well in that area, but I have no interest in it and haven’t kept up with the “diggin”. I would be willing to bet that it’s the well they were talking about. Not even sure what sections are involved. I know Rick made a reference to that well a few days ago on the forum. Her place is on the East side of 74. You probably know where it is. Didn’t you go to school with BT & Jana?
Linda, I referred to the highway as 74 and it is in fact 76 that runs south out of Lindsay, right? I’ve always confused 74 and 76. 74 runs North out of Elmore to Purcell, or is it vice versa?
Jennifer,
It just has never worked out for me to run in that particular one. I’ve ran in 8-10 events in the DFW area but this year focused on different states. I ended up running half marathons in 30 states in a little under 11 months. I’m going to try to pick up some of the remaining states to complete all 50 next year but at a much less aggressive pace. I’m sure I’ll end up running a few in Dallas to fill in. I’ve got Alabama and Mississippi booked on the same weekend in early January. Oregon booked in May and my eye on a few more as I can firm up other things in my schedule for the year.
Encouraging if it’s not overly optimistic
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