Does anyone know of any leasing in Township 5-15N-01E in Logan County? I have 10 NMA and would be interested in leasing or potentially selling. Any info would be appreciated.
Matthew, I don’t see much leasing in 5-15N-1E. Some nearby properties have sold in the range of $800 - $1000/nma recently. The Woodford is your wildcard. Devon’s well a few miles to the west was a bust, but some better wells have come in to the north.
Logan: Sundance Energy Oklahoma LLC dba SEO LLC; Graff 19-3-30 No. 1 HM Well; NW1/4 NE1/4 NE1/4 NE1/4 (SL) of 30-19N-03W; 312 barrels oil per day, 420,000 cu-ft gas per day; TD 10,344.
Sundance Energy Oklahoma LLC dba SEO LLC; Graff No. 19-3-30 No. 1 HW Well; NW1/4 NE1/4 NE1/4 NE1/4 (SL) of 30-19N-03W; 252 barrels oil per day, 572,000 cu-ft gas per day; TD 10,637.
Sundance Energy Oklahoma LLC dba SEO LLC; Kay Rother 16-4-14 No. 1 HM Well; NW1/4 NE1/4 NW1/4 NE1/4 (SL) of 14-16N-04W; 190 barrels oil per day, 200,000 cu-ft gas per day; TD 10,651.
Any news on Section 24 -18W-2W? Thanks.
Sir Ron Von, Yes, The Ancient Rockies were a thrust fold uplift system that was created when Gondwana collided with Laurasia. We do have some oil shale in the Northeastern and the far South Central parts of Oklahoma. Meers fault, which is extremely deep, is also in Southern Oklahoma (see links below)
http://www.meersstore.com/observatory.html
http://earthquake.usgs.gov/hazards/qfaults/eusa/sokla.php
Meers fault is where we find the Abiogenic Hydrocarbons.
Martha, this Sandridge fantasy is exactly what I have been fantasizing for months now, thanks for this link. It is interesting that only 315 million years ago, this Northern Area, that we call Logan and surrounding Counties was covered with tropical sea that was beginning to recede. I knew that. Did you also know there were dragonflies flying around with 8-12 foot wingspans, and that they were later pulverized by natural elements and are awaiting our discovery, right under our feet, in the form of Crude. Petrol. Oil. 30 weight. 80 weight and all weights in between. And it is clean stuff, thank Jesus we have not allowed Canadian tar pit crude to come down and pollute our clean crude. I still believe it to be down there right under our feet in abundance, and when she blows, everybody just better get off’n the well head, cause she gonna blow fo’ show!
Would anyone happen to know what 40c means under the prod. Code on Devon’s statement for oil & gas payment?
J Lawman This is all I could find.
Thank you Martha.
Todd, The only 40c I know of is 40 CFR in Code of Federal Regulations for Flare Gas.
http://ipec.utulsa.edu/Conf2012/Papers_Presentations/Campsie.pdf
What are the going rate for water? Are you selling by volume or day?
Going rate in Kingfisher County is $0.25 a barrel for frack water. $125 a day for drilling rig water, and that’s from rig up to rig down, not just when they are using your water. A 2000 ft horizontal well can use up to 325,000 gallons. Water is big money when you can and want to sell it.
Logan: Stephens Production Co.; Fox No. 2-16-9H Well; NE1/4 NE1/4 NW1/4 NW1/4 (BHL) of 09-16N-04W; 640 barrels oil per day, 1,223,000 cu-ft gas per day; TD 12,432.
Stephens Production Co.; Vadder No. 2-11-2H Well; NE1/4 NW1/4 NE1/4 NE1/4 (BHL) of 02-17N-04W; 307 barrels oil per day, 120,000 cu-ft gas per day; TD 11,377.
Virginia, just looked at a well in Payne that had 1,000 ft kick off, but there’s a good size fault in the section. Do you know the rate of NGLs for inlet stream gas in our area? Rich gas can be 80% dry, 15% NGLs, and 5% impurities, but NGLs can be higher.
Wow! Thanks Ron
Does anyone know how many feet it takes for kick off before the horizontal lateral? I used to know, but having a senior moment.
Martha,
Thank you.
Martha,
I don’t know for sure what the rate of NGLs is. This property is in Noble County and usually we have oil with just a little gas. Most of it is dry gas, so I don’t see any NGL at this time.
I was trying to figure how much lateral feet they would have left on the 1 mile after the kick off. Not going to be much, but I think they are trying to stay away from water.
Tomorrow, I am going to try to get a log of an oil well that is in this same area and see why they didn’t produce it. The plugging record shows it produced in the Miss, but listed it as oil/water. This was back in 1982, so it probably had too much water to be any good. But, with today’s disposal wells, it’s not as much of a problem. I have another well that made about 48 bbl oil, but the water was just too much to produce. I may take another look at it and have it drilled out and see what it will do as I don’t have it leased.
Virginia average 1,500 feet.