Hi and thanks to anyone answering. We have producing acreage in McClain County OK. Section 20, 8N, 4W. Any info on how much of the well remains? I think they started producing 3-4 years ago. Thank you.
There are multiple horizontal wells in that section. Which one are you asking about? Foster wells.
First, I want anyone reading this to know that I’m very new at this Mineral Rights thing. What I can say about what I found regarding your question is that I went to the OCC Well Data Finder webpage and saw that you have 3 or 4 horizontal wells in section 29, just due south of your 20. From that page I found the 1000, 1001A, and the 1002’s. My next step, if I were you would be to find the PDU (or production information). I would then upload those files or that data into an AI tool such as ChatGPT and tell it to predict future production based on normal depletion rates.
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Each of the three wells has about half of their Estimated Ultimate Recoverable (EUR) left.
Hi Martha, I’m unsophisticated enough with oil/gas production not have known that an estimated recoverable amount info is known and available. My wells are in Coal County, OK. Where would I find the EUR for mine?
I am using a subscription service. But you can estimate the remaining recoverable using Excel or similar type software. You can take the statements from the last few years and create a spreadsheet that has the gross oil produced and the the gross gas produced every month. Chart them and fit a trend line to them and have it project out. Then you can cum each column.
There is probably a “Decline curve” equation out in cyberspace that can help.
Diane