Whiting has a rig on SESE Section 24. I have E 1/2 Section 26 and all of Section 34.
My questions are:
What is the TFH denotation? I know the H is horizontal and maybe the F might be federal, what would be the T?
How can you get space when another company has a horizontal well on it prior to you?
(Interesting that the spacing for a horizontal well is limited to Section 24) (look at file no 15579)
(Maybe the spacing is for 15579, as Whiting only spudded it 12/3/2011)
Thanks, Joel
Joel, from prior posts I thought your interest was in Township 141 North Range 104 West. The well you noted above is in another township; Township 142 North Range 103 West.
The “TFH” designation indicates it will be drilled horizontally (the “H”) into the Three Forks formation (the “TF”). Often you’ll also see a well designated as a “MBH”, which would be a horizontal well into the Middle Bakken formation.
As to spacing, it is possible someone can have existing spacing for one formation while a separate spacing could be done for another formation. As in there can be existing “Madison” spacing then later a spacing unit is created under the same property for the “Bakken” formation.
Joel, I have a 4 member family with minerals too. How have you guys decided to manage them? LLC or FLP or Trust or combination or… something I didn’t mention?