Are there any small operators that can recommend a royalty management software program, individual, or company to use for royalty payments? ONEOK used to distribute for us, but I am told they are discontinuing this service when they renew their purchase contracts. Any input would be greatly appreciated.
Maybe OILDEX?
Monika - The answer probably depends on how many wells you have and how many people you are distributing revenue to. Thereās quite a few options available. I use Wolfepak but youāre probably talking $25,000 in start up cost (software cost, licensing fees, user fees, training, conversion cost from your old system) for their most basic package.
Monika,
I reached out to a couple of small operators I know that might know of a service oriented company that might do this. The one I thought did this is an oil buyer and Iād guess they only do it for their customers.
The other place I can think of that may be able to refer you to someone is the OIPA.
We can see the smoke very clearly from our place. Looks like Haliburton frac trucks to me.
Jackieā¦guess you heard by now the fire east of Chickasha was at the Tablor Y and was a Continental location where they were fracking a well. They fought it for 6 hours yesterday evening the news said. Yes, it looked like Halliburton trucks to me also and it looked to be about 25-30 of them that had all burned or were burning. Someone on the Stephens Co. group said according to Halliburton the fire was started by a vendor fuel truck. News said no one was reported injured which was a blessing because it was really a big hot fire and there were several explosions while I watched it on TV. The firemen were fighting it with just water earlier which wasnāt doing much except just keeping it from spreading to the land around the pad but Iām sure they got some foam on it later. Terrible black smoke they said was going over Middleburg, Blanchard and Newcastle then. Donāt know what the name of the well was supposed to be but it looked like the rig had been moved off and a crane was burning in the middle.
We recently received DOs from Newfield for 5 wells in 18-2N-3W, the Williams 2H-7X through the Williams 6H-7X. Wells 2 through 4 appear to be very good wells - all tested above 1,500 BB per day with significant gas. I cannot find wells 5 and 6 in the OCC oil and gas records. All wells were completed in August, 2015.
Why is that information not there?
Bill,
All 5 completions: http://okenergytoday.com/wireready/wellreports/02477_Completion_Repā¦
Bill 5 & 6 were drilled from Section 6 . Look there.
Tom Ed and Ron,
Thank each of you for the information. I appreciate it very much
Iāve been watching 1002 A form filings at the OCC. Merit has recently filed for old wells in the Purdy - Hart unit. These are all amended with the reason being āchange status to TA.ā
Do any of you know what this means?
Also the rig is now down on the Eubank well in sect 10 03N04W. Hope drilling went well.
Thank you M Barnes. I suppose itās just a paperwork thing then. These wells have been sitting quiet for years.
Hope 2016 is better for us all.
TA means temporarily abandoned. It can mean they āmightā go back and do something in a different horizon or they might not. It is more temporary than PA which is a final plug and abandon.
Read the comments, very entertaining. I gather the article was written with tongue firmly in cheek. That old correlation/causation bugaboo again.
Jackie, how many NE Purdy hart wells did you count as TA recently? I have one that is B-7 that was filed Dec. 11, 2015. Spud Nov. 1955.
M Barnes, do you know offhand how long wells can be held in suspense like this? I think I would be better off if they just down the whole unit.
Interesting article that I think mineral owners in Oklahoma will like especially the last line. Which brings me to wonder if injection wells are to blame for our earthquakes why isnāt ND the leader in earthquakes instead of Oklahomaā¦donāt they have injection wells too?
http://feedingjimmy.com/fracking-cause-earthquakes-windmills/
TA-a long, long timeā¦
I think Jimmy had lead in his drinking water as a young child.
Lynden Foley, there were numerous wells that went TA. Hoping that itās not more than paperwork.
If you havenāt already seen this I urge everyone to read Buddy Cottenās proposal to help raise the price of oil and the resulting benefits to the economy. I know it will be a hard sell to the boneheads in D.C. but I think it is worth getting behind this effort.