An interesting item relating to Logan County and N Central Oklaoma especially, involving a new push by environmentalists to stop all forms of mining explortation, drilling, fracking, andpicking gooseberries in February, to save an so-called (acording to them,) endangered species, widely known as the Prairie Chicken aka Grouse for which Ruffed Grouse is named in Logan County, but seemingly turned out to be a production flop. There has been lots of Prarie Chicken (Grouse) huning over the years, but I doube if they are endangered any more that coyotes are endangered. Seems to be lots of them around everywhere, and the girls keep nesting on the eggs.
Sir Ron Von, you are correct. Railroad owned property is immune from prescriptive easement in most cases, but even railroad property easements can be altered by acts of God.
I heard T Boons Pickens could hit the eye of a running jackrabbit at 300 yards with his .22.
Okay, Thanks.
Question was about Unitization Rules. Do they really differ depending on the geology?
It is La Vaca County, Eagle Ford Shale. Between Hallettsville and Yoakum.
Railroad Commission in Texas, I knew that, what is it in Okla? But railroad commission to me suggestets trainmasters and superintindents and quality control managers and stuff, I knew plenty of them when I worked for the Frisco in Oklahoma Kansas Texas Misery Arkansaw clear down to Mobile, Alabamy, I knew all of the supers, trainmasters, agents, roadmasters and allah their girlfriends, too. tee hee, well peek-a-boo, I guess they all work for the Railroad Commission in Texas now? My Grampa always told me to never believe anything I heard or read, and only a small part of what I THINK I see.
The railroad was the Atchison, Topeka and Santa Fe Railway Co.
I’m from Holdenville, same as T. Boone Pickens who says he grew up “where the pavement ends, the West begins, and the Rock Island crossed the Frisco.”
My brother wanted to “ride the rails” on the Norfolk Southern. Right now, GE and CAT are developing an LNG locomotive that CSX is testing. http://www.bloomberg.com/news/2013-03-06/ge-races-caterpillar-on-ln…
ATSF, Sante Fe, the same railroad my Grandpa retired from in Arkansas City, KWS. I worked for them at the Joint Frisco (slsf) Santa Fe depot in Fredonia, Kansas. Part of the BNSF now, while the Frisco was a laid back easy going community of railroaders, also taken over by the BN, the BN and ATSF were more white collar stiff neck Trainmaster and Supers who … hey I cannot say that on a online bulletin board. Forget it.
My Uncle Harley, conductor on Texas Chief until mid 60’s also retired in Arkansas City. Mother had good sense to name me after him. He had good taste to invest in Minerals rather than children. Lucky me. Still waiting for D.O. and first check. Well went active on 25 September.
I have rode the Texas Chief a few times, also the Super Chief, now extinct I think, and the El Capiton, last I knew it was still chugging from Chicago to California.
On completion reports, which seem to be about a year in being available for some reason, I am wondering if there is any significance in output status being flowing and pumping. It appears to increase if they are pumped, but is there some reason the initial reports might preferred to be flowing,? Are the heavy producers in the gulf not flowing for the most part, as are the wells in Alaska and the Arabian network just let to flow at least for a bit of time, and then resort to pumping?
Flowing means that the wells are producing under their natural power due to their depth and geology (which I won’t go into now)- the fluids will make it to the surface by themselves up the production liner. This is optimal since it requires no external power source or funding. Somewhat like letting the cap off a soda bottle and the fizz escapes along with some fluids. Pumping means that the reservoir doesn’t have enough energy to get the fluids to the surface, so pumps are required which costs the operator money. In general, you allow a reservoir to flow for as long as it can and then you resort to pumping for primary recovery. Secondary and tertiary recovery is a next step after that, but a separate conversation.
Mr W. To your point, this production rate, assuming no further decline apparently will yield about $1.14 per day per acre if 3/16th royalty. If this is the only producer it is not a good return. [about 5-6 years]. If they drill two more wells, it looks better. Still not very good. I used Shalebiz.com and did not try to calculate the decline. Just a footnote, that Tax Commission web site link is not showing any sales of Gas.
This is just the beginning. Right now O/G companies are drilling the ‘sweet spots’ where the oil/gas liquids accumulate the most. Envision many traps of sorts that the oil migrating out of the Anadarko Basin filled. This migration continuous even as I type, so the traps will refill. What we will see next is called “infill drilling” where horizontals will prevail in the Woodford, but verticals may be used for the Miss. In time, secondary recovery will come and reworking and redrilling the units also. Not what we are accustom to, but highly profitable when the US oil ban is lifted and US starts exporting oil and at Brent price which has become the global price of oil. LNG exports are happening right now and Congress will decide if more should be allow in about a month. Our mineral interest payments hinge on 3 words… “continuous petroleum accumulation”.
Another earthquake in Yellowstone Park today, which sets atop what is potentially the most dangerous volcano in the Western Hemisphere, and speaking of PhD’s, or is it pHD’s, whatever, LOL they claim that when, (Not if, but When) this volcano blows, and they think it is overdue, it will be the biggest major disaster in centruies. It has been predicted years ago that when it blows, according to the PHds, most of life in the entire Midwest USA will be snuffed out. I am not sure, but I think that prediction was made when Ronald Wilson Reagan fired as many pHd’s as he could find, because he thought they were destroying the economy. LOL well, maybe not LOL, but lol…snicker???
Here are the monthly production numbers for Ruffed Grouse beginning with June through Jan: 834,3081,2292,830,808,159,1079,657. Looks like less than 50 BPD.
You can keep watch on this Web Site if you want:
https://www4.oktax.onenet.net/GrossProduction/PublicSearchPUNbyLega…
Martha,
Amazed at the info at your “mouse” tip. I am reminded of a fellow student at UT Grad Sch of Lib and Info Science who had a PhD in Geology. Not sure where he landed but always thought of him as having a remarkable skill set. Alas I ended up digitizing refinery engineering drawing and equipment libraries.
I don’t know what the lease upfront is, in Logan/Crescent I offered to go no upfront and more royalties but for some unknown reason ended up with 350$s I think it was, wish now Ida held out for zip. Interesting tidbit of information I think would be useful is that Ruffed Grouse came in June '13, hearsay has put production at less than 50 bopd, but no one I know of has seen anything on production etc. But First of this month, March '14, I recieved 2 more offers in the US Mail, one offering to purchase my mins for 2500.00$s per acre. Plus I still have an active offer from a company in Texas for 3500.00$s per acre. Plus I am getting Email now, never have before, wanting to purchase my minerals. So, is Ruffed Grouse a low producer or is something else working here? I believe it is definitely something else.
Thanx Harley for those figures, and it resembles what is probably happening according to allah the hearsay. But my next question is why is this? I have always reasoned the figures should be around 20,000, while the highest I see in that 6 months is 3081 in July. June was only about 1/4 partial month, so would probably have been over 2,000 if it had been a full month. There are plenty of 20,000 (bpm) wells around, The sudden drop off from 800 to 159 is suggesting something is not quite what it seems. According to stastics, (the Churchill Lies,) suggest that the dramatic increases happen the second 6 months and usually continue for up to another year, then it all drops off. But again, we just had some troubling earthquake activity in Los Angeles area, that along with a severe draught in that area, has caused a very new and active gold rush in Northern California. Where they swore there could be no more gold rushes. I do not know, I swear I just do not know.