Pooling order $7K


#1

Another big $ pooling order in Grady County this week,
34-6N-6W
$7000 and 18.75% (3/16)
$6900 and 20%
$6800 and 22%
$0 and 25% (1/4)
Link to order
http://imaging.occeweb.com/AP/Orders/occ30092473.pdf

Section 33-6N-6W pooled for the same amount about 3 months ago.


#2

My first thought is that oil companies really do not want anyone to choose 25% (1/4)…


#3

Can you imagine the production numbers to make up that $6800 per acre bump based on an extra 3% RI?


#4

Hard to imagine… my guess is it would take 4 years with 5 or 6 very good wells to make up the difference.