Does anyone know if anything is going on in 2N 1W? We own some minerals there and know there is a lot going on west of us. I think we just may be too far east to be part of that.
I know what you mean Hutch, but maybe the next report will say something like ālast report focus was to plan to be HBP and acreage but we are 1 1/2 years ahead of schedule and are now drilling multiples on leases like our very successful Poteetā! (And the stock skyrockets!!!) Sounds like something they might do, ya think???
Thanks, Rick. I appreciate the information.
Mary,
I donāt seen an recent activity. There was some about a year ago in section 3 which resulted in a dry hole about 5600ā deep in the Viola formation.
Thanks Linda, looking on the bright side!
Hello Linda, Hutch, Clintā¦is section 20 3N 4W a good well? Because I got 5 acres left over there in Garvin county and I have an offer to sell my mineral rights (5) acres for $ 33, 500. I talked to another person at CONTINENTAL this morning and so far that well there has produced 8, 000 bboe in less than a month. Is that a good pace to start out with? If not, Iām considering selling to Blackhawk Mineral Partners. Theyāre after my interests. Thanks for any info you got for me. Iām just way out here in California and I aināt got a clue to this Biz whatsoever!!!
Greg, I havenāt seen any official production numbers on the Lang but you need to keep in mind that the E in BOE means equivalent so it depends on what percentage oil and gas it is producing. If you have 1000boed at 50% oil you would have 500bbls oil and 2900mcf gas, a pretty good well. A more likely percentage might be 27% oil or 270 bbls oil and 4234 mcf gas, still a good well but not as good as the first example. The equivalent is based on the amount of energy in BTUs to equal one bbl of oil. If you are trying to estimate a dollar value keep in mind a bbl of oil is worth about $90 but the equivalent amout of gas is worth only about $29.
Hello, whatās been going on the past 2weeks in sec 20 3N 4W? I havenāt seen the 1st quarter reports yet from Continental Resources. I believe the wells have produced a lil over 8,000 boe so far in less than a month. (A lil inside info I got from a source). Anyways, they seem to be good so far. Hopefully we all see 1000 boe per day from the Lang. 1 20H
Grergoryā¦These guys know their business! I donāt know diddley about figuring this stuff so I canāt help you there.
Just got notice that they filed Completion report on Dicksion 1-21H- 3n-4W. 696 BOD, 5,277 MCF,1,310 BW,38/64 choke, SIP 3743.
Boy, Ron, that sounds like a really good well to me producing that much at about half choked back, isnāt it?
Linda I hope so. However the Lowrance 1-10H-2n-4w tested at 608 BOD & 5,833 MCF ,42/64 choke ,SIP 3,900 on 1/1/13. Production was never that good and the last few days production has been about 120 BOD and 2,775 MCF. The Campbell 1H-36x drilled from 2n-4w had a test of 182 BOD & 1488 MCF . It has been doing an average 595 BOD & 3,575 MCF this month. So how do you know . Dicksion has been doing close to test for last 14 days.
HI All - boy some of this stuff is greek to me - I feel so ignorant! Just wondering if anyone had any updates on Sec 7, 3N 4W - not sure what Marathon is doing.
On a separate note - so sorry about all the devastation in OK. Been thinking of all of you there and keeping you in my thoughts and prayers.
Vickiā¦Reading further I realized they are just asking for an extension because of the lack of availability of drilling rigs. I guess they have a deadline as to time to drill after applying for pooling and they couldnāt get a rig within that time.
Sounds like more problems for the tornado victims this morning as another high wind/rain thunder storm came through the state. News say that much of the donated food fixed for workers and victims got wet when winds blew down one of the tents covering it. The wind blew our patio furniture and charcoal grill off of the deck and pretty much tore up the grill but somehow that doesnāt see like much of a problem when those poor people up there have gone through so much! We have a chance for heavy if not severe thunderstorms for the next four days. Yesterday was a Beautiful day! Our prayers for rain were answered and now we are praying for a break (only for a few days).
Greg I donāt know about 20 but in 21 if you cut the production of the last 10 days in half and use that at $90 for oil and $4 for gas BHM would gross as much as they paid in about 20 months at 3/16th. But when they will really clean up is when Continental drills more wells.
Mom in law received in the mail yesterday āApplication for emergency order for motion for extension of timeā āRelief Sought: Poolingā for Sec. 20, 2n,3w. She also received copies of same for her dad who died over fifty years ago. (covering their bases)
Linda, I got the same thing in the mail today. Exactly what does that mean? Is it a pooling order? What is the extention of time for?
Sandra, Marathon received final order for Pooling on May 13 so they will probably be getting a drilling permit soon for the Davis Trust 1-7H