I have been told that this Section is producing oil right now. How do I find out how much and for how long? 720N14W I went to https://otcportal.tax.ok.gov/ and found out that there wasn’t much oil production after September. Is the website updated late or should I assume oil production has stopped?
Any other information on this Section would be appreciated.
OTC is 3-4 months behind.
Thank you @TODD_M_Baker
What’s the best way to figure out current production levels?
And do you have any idea about this Section and its future prospects?
This is the first time I am buying mineral rights. Apologies for newbie questions.
No way to know about current production unless you are a working interest owner. Don’t know what the future holds for this Section or the area in general. But with current commodity prices and lackluster horizontal well results, I would say prospects of any additional drilling in the near future are close to nil.