Could be as little as 90 days
Robert,
From the time they break ground, spud the well, it can be 5 to 6 weeks, but, then it takes more time to complete the well and get it producing. So, like Ron said, about 90 days. Once the first oil/gas is sold, they have 6 months to send your the first check. If they don’t send your check within that time, you can ask for 12% annual interest in the state of Oklahoma. That can be a nice interest check. Good luck. Don’t spent the check all in one place.
OERB is great and they get a lot of things done in a short time. They helped me clean up several acres that had a salt water pipeline leak. One that the oil companies pit leaked salt water prior to me purchasing the farm. They help me get the tie downs out of my fields. So I really support them.
Now OCC field office is another story. Seems they can’t get much done in a year. Not sure if they don’t have good rules to help mineral owners or if they are scared to step on oil companies toes.
greg what legals,how much per ac
db - I think you may live near these two wells being drilled in 21-17N-3W that I had questions about in this post Pintail 1-21H and 1-28H. If you have any info on these wells could you post on this topic and let me know? Thanks.
Regarding OERB, if anyone wants to see what great things they did at restoring land. They need to look at the land between Perry, Noble co. and Blackwell, OK. Three sands was a very old field where it looked like they just let the salt water run on the land. The land became worthless and now OERB has it growing grass again. Sure looks nice. They did a great job.
As I see it, I doubt that any well in the Continental USA pproducing under 2000 bpd is even close to its potential. I wonder if the gov does not limit harvesting like they do farming? I believe it surely must, because while on the one hand they are claiming the USA has the biggest sources of oil/n gas on the planet, on the other hand none of our wells produce anywhere near what they do in International territory or S Arabia, Kuwait, Russia and now Africa becoming a world producer. There must be a reason we only pump 5-600 and I do not believe it is because it is all that is down there. Deepwater Horizon drilled 35,000 feet down below the Gulf floor, what would we find 35,000 feet under Payne County? Why did Barack Obuma approve the Cushing Extension of the Keystone Pipeline from Cushing to Port Arthur Texas? Why does he still deny the building of that same Keystone Pipeline from Cushing to Canada? Something is going on, and I believe we are about to see major escalations in the pumping of our oil rich wells in Oklahoma.
Ronald,
I don’t have answers to your question.
But, the pipeline from Canada to Port Arthur may be cancel because some of Canada oil is oil tar and has to be heat or chemical put in it that may be dangers to our health. I’m sure their are people on here that knows more about this than I do. Maybe they can help.
Thank you Virginia, I really think your answer is about as good an answer as anyone could give us.
several phases of the keystone pipeline have been completed from canada into US. Easy to research on the web. Better than listening to a politician. The phase from Cushing oklahoma to port Arthur is near completion. The controversial phase is to bring very caustic oil shales across important acquirers. I am currently on vacation in Costa Rica with an engineer who is working on a contract to design equipment such as valves. He says they are needing to obtain extremely expensive metals to manage the very caustic contents of the oil. I am not sure, but I think the Canadians want to export the stuff anyway.
Right, Harley, I often wonder how CNN gets things so wrong. And another culprit of mis-informing comes from Huffington Post, not only are they terrible spellers, and use very poor
English, but if it meant anything to me and came from Huff n Puff, Post, I would really check it out other places carefully. Huff is Canadien by the way, I hear, I think I heard that on
CNN. Or a Obuma white house briefing. LOL LOL
Yeah, well Ronald. Pretty clear where you r on the spectrum. My take is thus: CNN may get things wrong due to ignorance. Fox and msnbc get it wrong by misrepresentation. Perhaps we should get back to Logan county oil wells.
I was really expecting spud before now, sec 20 tw 17 range 3, I guess it got snowed out.
The difference between wells in Ok. and Saudi wells, or for that matter wells in Prudhoe bay, where I worked for 22 years, is that OK wells are being pumped out with a downhole pump. Volume is a matter of inflow into the well bore, and the output capacity of the pump, plus the back pressure determined by how much gas it is producing, (psig). Wells in Prudhoe or in Saudi, you just open the wing vavle and it flows at 2000-250 psig.
As for the keystone pipeline, all the steel will come from China, The republicans blocked an amendment to have the steel come from
American Steel factories, and 90% of the jobs will be illegal mexicans. All drilling and pipeline companies have a 90% illegal mexican workforce. That is a fact. All the oilfield has been taken over with a wink and nod by illegal immigrants, and every oil company and pipeline company is very happy about that. As for the oil, I doubt one drop will go for American consumption, but be exported to China. So tell me again why I should allow the keystone pipeline across my land???
Here is the very first paragraph regarding the KEYSTONE PIPELINE quoted from TEXAS STATE IMPACT a pretty influential publication…
The Keystone Pipeline already exists. What doesn’t is its proposed expansion, the Keystone XL Pipeline. The existing one runs from oil sand fields in Alberta, Canada into the U.S., ending in Cushing, Oklahoma.
Here is a link to this very important and enlightening article. Anyone see Van Jones on CNN at 615 for about 25 minutes about it this afternoon? For once, I believe Van Jones has it right; we are doomed.
Like the FIVE on FOX NEWS, “…and One more thing…” Has anyone here heard of or know of a guy with the nickname DRY HOLE SLICK? Really, here is a link about CUSHING… this stuff is really heating up. Maybe I could change my name to DRY HOLE SLICK Junior?
Oklahoma is in an unlikely economic predicament: It has too much oil.
Here is the Cushing Link for Oklahoma is in an unlikely economic predicament: It has too much oil.
http://stateimpact.npr.org/oklahoma/2012/04/17/what-the-glut-why-cu…
Robert, sssshhhh hush you not sposed to tell them things, nobody spose to know. But I am still wondering, if the deepwater Horizon can leak 35,000 plus bpd for 87 days, and no end in sight unless they capped it, then??? I don’t know, but in the Navy I was a Sonarman, and had the chance to work in Saudi, Bahrain and Kuwaiti oilfields, but passed it by even though it was great money, simply because I spend a few months crusing the Persian Gulf and visiting some of the countries, playing softball in some of them, —can you imagine a softball game with no beer??? Anyway all of these states have modern buildings wealthy stuff everywhere, but the heat and the people have not chaged one iowtisbit, just as disgusing as it was way back then.
I am quoting the comment below that Robert Brian posted just in case someone missed it, because I think it is the most important and informative comments I have seen on the Minerals Site. It pretty much explains the most important element of the whole thing to me completely. Thank you Robert.
Now my only cloudy issue is the “fact” that the biggest problem Oklahoma has today is that we just have “too much oil…” under our feet. Where is Sarah Palin when we need her? Maybe we should just replace all of our pumps with spigots? (That’s a lol)