I have interest on an Oasis well in Roosevelt county 29-59-30. The well was spudded 9/6/2012, how long before I see production numbers on the DNRC website. Also how long until we see some revenue? I know ND is 6 months on the confidential list and then your money gets 18% interest on top after the 6 months.
I see Oasis is doing alot in Roosevelt area. Anyone have some feedback on their wells? Good or bad I would like to hear any info you have.
Thank you,
Kevin
Kevin:
If this well is on confidential, it will be mid March 2013 before any info will be available. If the well has complications during drilling, it could be into April. You could see some revenue as early as late February but it could be as late as May. I have never had dealings with Oasis so really can't comment on their procedures in regards to payment schedules. I have minerals in Roosevelt County (T30N;R59E;Sections 6&7 and T30N;R58E;Sections 1&12). These areas are currently under lease but expires in early 2014. I try to keep a close eye on the drilling activities in this area. Hope your well is great.