Is the pipeline being repaired or the compression station having maintenance?
Clint Liles
the well is only about 6mo old ~
does anyone know why an oil company would quit selling the gas production from a well and start flaring it ? also anything that I might be able to do about it.
its costing me several thousand $ per month ~
went out to the well last week and saw gas being flaring, then saw my run check on line this week with a break down on the production pmts- the gas and plant products were the only drop ~
John, who is the operator?
the operator is resolute ~ steamworks well
There seems to be a growing interest in the geology of the Southern Delaware Basin. Have any āflies on the wallā heard anything?
What are they finding?
Good Afternoon,
Has anyone heard of or is familiar with OGX Operating?
Thanks
This is great feedback. Appreciate everyoneās valuable input. Iāll keep everyone posted with what other offers we might get coming our way.
Hopefully Concho will be interested in the acreage that is just to their west, 25 miles or so southeast of Pecosā¦or others, for that matter.
Stephen, Iād like to say āNuts!ā to CW but they have most of the area around us - but just as important (I think), they have the pipelines that are nearest us. In fact, theyāve been laying those pipelines aiming in our direction for a couple of years. We are not in the sweetest of spots and are not as hot as some other areas so I think that itās going to end up being CW for us. Best wishes for those of you who are in hotter areas with more players though!
Michael, we have interests in Block 13, Section 185, a couple of miles to the NE of you. Our lease expires in January, so we are very interested in the going rates these days as well. Even though oil prices are way down, we would not lease/extend for $400 for even one year (if such a thing were possible), much less three years. But Iād be really interested to know what others have leased/extended for in our general area this year.
donāt take a penny less than $2500ā¦we got that from J Cleo Thompson in January. A-2785
The heck with Clayton Williams! Iāve had a tract with him for four years in Blk 13. They are avoiding drilling and are anything but reasonable, IMHO. I will not release to them next year when our lease comes up.
THANK YOU, William!
Clayton Williams is offering us $400.00 Bonus for 3 years. This is actually an an extension offer from another lease offer ready to expire in August. This looks like a really low ball offer to us. Iām wondering if any of you know what bonusās are being paid out in this area. I might just need to sit back for a while Any input would be greatly appreciated. Block 13/Sections 108 & 137 Reeves County
Stephen, my 3 year lease is up in October.
Michael, Clayton Wms. offered me $750/ac for my 20 acre interest in PSL, Blk C-7, Section 26. I laughed & told them Iād take $5,000/acre and that I didnāt like to top lease.
You are probably correctā¦but I felt the need to vent. Time will tell. I did notice a rig was just to the southeast of 300 recently, so hopefully a good result and some momentum.
CWEI is more prone to low ball offers, especially where they have a strong acreage position and no other bidders. This is not as common with other operators.