We leased a mineral interest last year in Martin County. XTO is drilling a plethora of wells on the acreage involved. We own an interest in Section 36, Block 36, Township 2N in the N/80 acres of the NW/4. T&P Ry. Co. Survey.
Question I have is XTO is drilling the HILL units A and B wells. Can anyone please tell me out of the number of wells drilled that XTO has spud in the last several months, how many pertain to the N/80 acres of the NW/4?
I’m hoping a production sharing agreement results from this interest as the drilling involves three separate sections in the same Block and Survey.
“Well, you told me I have a plethora. And I just would like to know if you know what a plethora is. I would not like to think that a person would tell someone he has a plethora, and then find out that that person has no idea what it means to have a plethora”.
That should be the Hill 1 unit. (W2 of Section 36 and Section 25) They have spud 7 wells there total. Rigs are still there, would assume they will drill the last 2 wells (of the 9 Hill 1 permits) also.
It’s 2 sections. The SHL/pad is in Section 37 but your unit is the +/-640 acres that is the W2 of Section 36 and 25. You’ll get your share of whatever you own in that 641.65 acres.
Thanks for the info. The interest owned is 1/4 of 1/4 in the N/80 acres of Section 36. We have an interest in the two vertical Jones wells drilled there years ago. Over a 1.5% royalty interest. Get a lot of offers to purchase this interest. Not interested. Again, thanks for the info.
XTO or Exxon is a great company for us. I for one am glad it’s XTO doing the drilling for this lease, and who will most likely distribute the revenue. We have several ventures with XTO in Pecos County, the Gunpowder wells, and in Lea County, New Mexico. The James Ranch and Poker Lake units.
There are quite a few vertical wells, depending on where you are in the section. It doesn’t look like there are any horizontals yet. Keep in mind that the RRC viewer is usually 3-6 months behind actual permits.
MK
