I went by my property today and found a plugging crew hard at it… Now that this is in process how do I or what should I ask for from CHK to get a complete release from them so I am able to move on???
If you would have told us where this is we could have probably given you lots of information about it, so all I will comment on is the little you mentioned. Just ask them for a release and make certain it gets recorded.
Sorry Joe this is in Oklahoma… Section 07/ Range 01/ 19ecm… This been ongoing with Chesapeake,.. Been on phone emails weekly with them… Guessing squeaky wheel gets grease… As soon as they finish I will start on a release from them… If they send it to me can I file the release myself???
Yes, you can record the release if they send you one. Big if.
If they do a release they’d want to send it off to record themselves. I take it it’s Pushmataha, if so I don’t think there is a need to hurry as I’d bet no one else will be interested in leasing it any time soon. Most companies have no problem filing a release but realize that only a small percent of probably less than 1% ever get a release recorded as most don’t ask for it and most don’t offer it as normal business.
I have another company that is already interested is why I am asking… I just curious on what I need for this so I can speed process up…
Thanks
Wow, there hasn’t been but 2 wells drilled in the county in the past 5 years. No leasing in 2 years and almost all wells drilled have basically been dry. I’d be trying to get a release also, if not you can do a quiet title if needed to clear your title and can get it done in a few weeks. I see minerals come up for sale a lot for very little.
In May I leased 40 acres out across the road that had a well plugged back in the 80’s due to casing leak. They have sat on this lease since then. There has been activity in the area roughly a 5-mile radius of my place. I contacted one of the lessees about the possibility of this being available and they are very interested. Today I noticed 2 new pad prep sites on the way in that have just been completed or are getting close to. These were not there 2 weeks ago when I went in, so there is some action in the area. The closest new well that I can find on the OCC website shows 120-ish BOPD and gas production along with it, I think in the 20 to 30 MCF range. The well that was plugged today was still producing gas but had no real maintenance in the last 3 to 4 years that I knew of. The original lease was signed, I believe, in 1944 and drilled in 1949.
That’s great. What was the legal description of the well that did 120 BOPD? There were high hopes when natural gas was high and they drilled a lot of wells but none were economical so they moved out early in the gas play.
Joe, I believe the Novak well located in Section 19 was one I was talking about but I can’t seem to figure out how I looked those numbers up on the CCC website. Also, the new stuff I am seeing going on looks like it is around the Gift wells located on the edge of Beaver County.