olena,
Jaleta 21-18n-01W 1WH
API No.: 35119241990001
1st Production September 05, 2014 http://imaging.occeweb.com/OG/Well%20Records/1DD289CC.pdf
Since you own minerals in Sec 21, you should receive production payments from the Jaleta 21-18n-01W 1WH which is a Woodford Horizontal well. You should be receiving a division order within the next 2 months, if you don’t call Devon 405-228-4800.
olena, What is your legal description?
Thank you Martha. I will be looking for it!
Cushing oil storage is almost full, but the US strategic oil reserves are low. Yesterday, the US Energy Dept. bought some cheap oil ($42 per barrel). Immediately, the price of oil went up. Today, the US is still importing the same amount of oil as it was a year ago, it hasn’t started exporting oil and its strategic reserves are low. Imagine what could happen tomorrow.
Devon just announced a secondary offering of units in it’s Enlink pipeline business which is expected to raise 600 million.
G Win, What’s the section township and range and who’s the operator. They may have made a mistake or they are going to drill now and/or need to sell some of their holdings and want to tidy up the accounting.
G Win, I correct myself. It’s the drilling title opinion, not the division order title opinion that they complete first.
I will not cash the check until I check on the lease. Thank you for all the help!!! You guys are great!!!
On another note. I am having a landman that Charles McBride referred to me research a cloudy title for me. I am getting calls to purchase the mineral rights that has the cloudy title. When I told them the title was cloudy they said they didn’t care. I told them I wouldn’t sell anyway. Why buy if title isn’t clear???
Thanks G Win
Easton Land services
Oops didn’t mean to send the last message - anyway the letter from OCC to operators talking about areas of concern “seismic swarms” reads in part:
….The emphasis of the expanded area of interest is on Arbuckle zone disposal wells. The existing area of interest statewide involved 380 disposal wells. The new area of interest will include at least 347 Arbuckle wells but a spokesman for the Corporation Commission indicated a new total count for all disposal wells under the new area of interest is not available.
Baker stated in the letter there is general agreement among seismologists that fluid disposal into or in communication with the cyrstalline basement rock presents a potential risk for induced seismicity.
“As part of the effort to reduce this risk, the OGCD is directing you to establish that your wells are not diposing into or in communication with the cyrstalline basement rock,” continued Baker in his letter. He said wells disposing into the Reagan Sand or Granite Wash are considered to be in communication with the crystalline basement rock.
“All wells found to be in contact or communicaton with the cyrstalline basement rock must be plugged back,” said Baker.
Well operators have until April 18, 2015 to satisfy certain criteria for plugging wells that must be plugged. Those wells that don’t meet the criteria will be forced to reduce volumes by 50%.
How does one find out if this affects their particular well(s), the Arbuckle Zone is something I’ve never seen mentioned on the forum It sounds pretty serious. Thanks for anyone’s thoughts
It is NW8- 20N-6W in Garfield county. They would still have a year to drill before paying for the next lease bonus one year though???
Troy, They only leased 80 acres of the 160. 20 to me 20 to my sister and 40 to my Aunt. Could this be the other acres left of the 160?? I thought we only had 80 between the 3 of us. Another strange thing is the check is dated 1-15-15. I just received it yesterday. They did try to lease 53.3 acres from my uncle in December. However, He was confused and checked with his attorney and didn’t own them. Which is what he already knew.
I just received call that They only leased the 80 acres before and now say that we own 160 acres. Yipeee!!
G Win, There can be language in a mineral sale contract that states you sell everything entitled to you and that means known minerals and unknown minerals. Then, the buyers can pay your for the known and get the unknown free. Not saying all buyers are cheats, but it’s happen to our trust, so I’m guessing it could happen to you. In addition, you should get some good wells in our section and the buyers know that too.
G Win, I need the name of the landman Charles McBride gave you.
Montee Hoffman is the landman.
He is supposed to let me know some time soon.
G. Win, it appears that they leased and paid you for an acreage smaller than what their ownership/title opinion now indicated you own. I would inquire as to why and then review your lease terms to see if you are being taken care of properly. If they were just extending the lease they would usually indicate as such and it usually happens closer to the expiration.