Received a lease inquiry for 23-1N-2W from Superior Resources. Anyone else seeing activity there? We signed a lease back in 2005 but my limited skilled with the OCC website turn up no drilling activity since the 40s.
I would hang on for a bit. I think Continental is shooting 3D seismic in the area. That section is in the oil zone for the Woodford part of the SCOOP, but on the edge of a condensate area which is the main focus now. The leasing is moving that direction.
Thanks Martha, that is my inclination as well. I see that Axcel was leasing in there until late 2011 and then Western Land until mid 2012 – as I recall both of these are usually for Continental but won’t actually say who they are working for.
My very uninformed theory is that those leases will start to expire this time next year so we should see some increased activity and hopefully an initial well leading up to that presuming surveys prove out the area.
I saw there has been a permit issued for the Davis well in 7-3N-4W with the well setting on 18-3N-4W. Does this mean there will not be a well actually drilled in section 7 or is this still a possibility? Will my mom receive royalties from the well being drilled on 18?
http://www.occpermit.com/WellBrowse/Webforms/WellInformation.aspx?I…
David, as shown on the permit the surface location is in section 18 and the horizontal hole is in section 7. This means once the vertical hole is drilled to the desired depth it will turn horizontally to the north and enter section 7 where the production interval will start and continue almost a mile to near the north section line (bottom hole location). If your mom owns an interest in section 7 she will receive royalties.
The operator has to go before the Corporation Commission to ask permission to add more wells to a section and to get permission to change the locations. The original Orders are for one well in each 640 acre section (or two 640’s if extended horizontal) for the Woodford. Looks like they are starting to drill up to 5-6 wells in each section. That is good news! The hearing notices are out. Orders are not out yet, but they should be soon. Then the well permits with the exact locations will come out.
Chris,
I see a bunch of leases in 2011 with Axcel for 3 years and 3/16. Then a new set in 2012 for 3 years with Western with up to 1/4. So those folks are held until 2014 and 2015. I am watching the lease trend migrate to the SE with much higher offers. Caveat to that is that there is a very long EW fault just to the north of 23, so that may be a factor.
MarkI talked to Newfield this morning. Division orders will be out the end of July for the Mashburn 1H-33. I was told last month the totals for Feb were 5000 barrels of oil and 75000 mcf. This morning that would not give me any more info.
Per Linda’s request, I’ve updated my sheet showing poolings and added a tab for Stephens County. It is a very manual process so I only went back to the start of 2012.
https://docs.google.com/a/wyattmoore.com/spreadsheet/pub?key=0AlWnw…
It is always interesting looking through these pooling orders; in Stephens there are number of poolings on 640-acre spacing where is seems like the operator plans a vertical well based on the projected costs. I guess this is a play to control the entire section and then negotiate with one of the horizontal players. There are also a number of horizontal wells where the pooling did not offer a 1/4 interest option which I thought was almost of given in this expensive well poolings today.
Again, I put this together to have a reference when I get leasing inquires on our interests. Suggestions welcome.
I’ll post this in Stephens as well.
My Goodness, My Goodness…They are sticking holes everywhere! Martha…does it say that Eagle Rock will be doing the extra long Kelly wells (as they did the Kelly from 2-2n, 4w)? I know Newfield did have some interest in it also though.
Right David, spud report.
Chris, are you by any chance related to Don and Wanda Moore from Pernell?
I have some acreage in 29-3N-4W and 33-3N-4W. Sure hope the trend continues and we eventually have multiple wells per section. Receiving Continental checks from Section 29 but have not seen division orders from Newfield on Section 33 yet. Anyone else hear from Newfield on Section 33 yet?
So…now that there is a drilling permit for 18-3n-4w, what do I watch for now to show a well has started drilling?? Spud report??
Newfield Linda
That figures! They seem to be the one doing all the multiples around here right now. Evidently CR is not worried about Newfield sucking the supply dry. There must be lots of that black gold down there!
Was expecting a much lower check yesterday on the first Branch well since rumor had it that the production was drastically less but the check was only a few dollars less than last time (second check was about half of what the first check averaged (for the first four months) but this one was a pleasant suprise. Still hoping ours picks up like the original Faith well did after they get the others on line. It’s a blessing no matter the amount and more than we ever though we’d get from that royalty we bought 40 or so years ago. “Good things come to those that wait” I guess!
Thanks MH…I’m learning slowly!
Thanks, Michael Joslyn. I thought that was about the right schedule.
Vicki, the initial hearing was today but no results posted yet, chances are there will be more than one hearing. The pooling is an attempt to get all the owners that are not leased to sign on. Those who do not respond can be 'forced pooled". This particular well is planned as a multi-unit well covering sections 20 and 29-2N/3W.
There was a pooling hearing for Sec 29 2N 3W today. Can anyone tell me what that is and what the result would indicate when it’s made public?