Mike – this should work. Do you happen to live in the area? Later – Buzz
http://www.morningstar.com/earnings/earnings-call-transcript.aspx?t…
Mike – another source, but you must register with Seeking Alpha to see past page 1 (easy to do). (You do not have to enter any stock symbols.) Later – Buzz
http://seekingalpha.com/article/1183981-eog-resources-ceo-discusses…
Thanks, Buzz, both links work. No, I’m in OkC. Property was homesteaded by my Great GF, C A Lynn, in about 1904 and remained in family since. Still have some lots in Toyah where they lived. Maybe after 100 years something will happen.
Mike – your A-2291 is in PSL BLK 56, SEC 30; EOG’s 2 Harrison Ranch wells are in PSL BLK 56, SEC 10 (A-4449), about 3 miles NE of your SEC 30. Later – Buzz
Oxy takes action in Permian [I know… late to the party]
By upstreamonline
07 February 2013 [OLD NEWS]
Occidental Petroleum has snapped up an asset package in the Permian basin in the US from privately held J. Cleo Thompson for a little more than $1 billion, writes Noah Brenner.
The package is believed to include 22,000 acres in Reeves County, Texas, in the Delaware basin portion of the greater Permian and 5,000 barrels per day of production.
J. Cleo Thompson is currently running 10 rigs in Reeves County, according to the latest information available from SmithBits Stats, and Occidental is currently running one rig there on its existing position.
Offset operators include BHP Billiton, which is believed to have been interested in the package, Clayton Williams, Comstock Resources and COG Petroleum.
Bids on the package were supposedly due in mid-October and Upstream understands… **{must join to read more} ** Later – Buzz
Good news, we got a division order from BHP/Petrohawk for a well in the S/2 of Section 21, Blk C-8. If I am reading the the RRC GIS map right, the location of a horizontal well is located at the south of the section and the plan is to drill the well to the north end of Section 21 and south to end of Section 1 of Block 72. Since my wife owns undivided mineral acreage for all of Section 21, is safe to assume that there will be a second division order for the N/2 of the section, if it does extend into the N/2?
Donny – all royalty owners in a pooling unit share in the proceeds of any and all wells in the unit whether an individual well in on their minerals or not (keeping in mind that, in your case, the entire Section 21 is the pooling unit.) Also, hopefully, there will eventually be more than one well in the unit. Later – Buzz
Donny – might the well location be in PSL Blk C-17 v. C-8?
==< … a well in the S/2 of Section 21, Blk C-8… >==
Do you have the Abstract Number, i.e., A-1234?
Normally division orders are drawn up after a well is completed… good luck. Later – Buzz
My wife owns undivided non-participating royalty mineral acres and a lesser amount of undivided mineral acres for all of Sections 17 and 18 of Block 56 PSL These two sections are 1.5 to 2.5 miles southwest of the Harrison Ranch wells in section 10. According to my father-in laws’s records, there was a division order by Wickett Pipe Line (evidently no production) in 1953 and the last mineral lease on the land was in 1978 by Mobil Oil. Nothing more recent. The land is not leased at present.
As I understand it, the non-participating mineral acres only pay once there is a producing well on some part of the two sections and are not paid any lease monies. However, if any of the the two sections are leased, then it would have to include the undivided mineral acres she owns. Have there been any leases on the two sections? If so, there has been no contact since the lease my father-in-law arranged in 1978 . The mineral rights of these two sections is a long, convoluted story with a number of different heirs and lawyers. If anyone has any information, I would appreciate it
Buzz,
You are right the well was drilled in the S/2 of Section 21 of Block C-17. The Abstract Number is A-1410. The Block C-8, Section 26 (Abstract A-3323) is another lease. I was compiling all the leases and wrote the wrong block number in the comment below. My mind drifted.
Donny
Donny – now we know your Section 21 (A-1410) is located in PSL Block C17 (i.e., not Block C9), here’s my 2 cents…
Petrohawk is currently drilling the MCAFEE C17-21 #1H, spud 3-19-13. The well surface location is near the SW corner whose horizontal lateral proceeds generally due north with a bottom hole location near the NW corner. The permit application information indicates Section 21 is a pooled unit containing 637.91 acres with 3 ownership interest, the south 1/2 (318.95 ac); NW 1/4; and NE 1/4 (159.48 ac each). [It’s possible the same owner has 100% interest in all 3 parcels – possibly obtained in different manners – necessitating the pooling… rather odd???]
In addition, another Petrohawk permit – whose surface location is also on PSL Blk C17, Sec 21 -– is the BARBEE 72-1 #1H, a well where drilling was completed on or about 11-30-12. (Note FINAL completion of the well may or may not have occurred.) Although the BARBEE well’s surface location is on your Sec 21, the horizontal lateral that is being made available for production is located entirely in the section south of your Section 21, namely in PSL Blk 72, Sec 1 (A-5571). Importantly, unless you have mineral interest in Section 1, you would not share in the royalty proceeds of the BARBEE well, all IMO, of course. Hope this helps. Later – Buzz
Buzz, thanks, this information is helpful. My wife’s undivided mineral acres in Block C19, Section 21 are specifically for the NW/4, and NE/4, and S/2 thus my confusion when the division order from BHP/Petrohawk is only for the S/2 but the horizontal well appears to go completely across the N/2, or at least the NW/4. I am a novice at this, but it would seem reasonable that a horizontal well would apply to all the mineral acres that it crossed and not just the location of the drill platform. This would eliminate half of the mineral owned acres in the section. It is clear that no one owns 100% of the mineral acreage in the three ownership parcels.
Look forward to your opinion. Donny
Can anyone help me? not sure where to post or what to do. im getting a crash course in the oil business. anyway, the facts are my dad has a oil lease with BHP/petrohawk, they filed it in december, and yesterday he got the division order, along with a decimal point, he owns 320 acres in a 640 acre pool i guess??? his AP#389-33564, its a horizontal well, they said he should start receiving a royalty check in a month, ive been researching all day long and cant get a ball park on how many barrels of oil nearby wells produce. ive been on the RRC website and I’m not sure what I’m reading or how. can anyone point me in the right direction or have any ballpark production figs in this area? thanks…oh and if this helps the abstract is 2596 sec 42
George go to the rrc website and get the completion report for this well that will tell you what well was producing when completed.
We have discovered family mineral interest in reeves county. Can anybody tell me if there is any activity around section 4 block c-1 section 17 block c-1 section 194 block 34. I am new to this and trying to learn the RRC site not easy on the I pad. Would appreciate any help
We were notified by Cimarex that they will be sending out contracts to us for $750.00/acre, 1/4 royalties for 3 years. This is block 56, T-3 sections 30,32,36 and 38. She also said that the drilling would not be in 2013 but possibly set up for 2014. We will see.
Does anyone have any information about Section 8, Block 70, PSL? We have mineral rights on 5 acres and have gotten several offers to purchase. But we don’t want to sell. We want someone to Drill!
We are getting more than a few offers to sell our mineral rights. Is this a good indication that the oil company will drill soon?
There were over seventy W-1filings in Reeves County in April. That is easily the most since I have been following activities closely. Also the big guys are still moving to get bigger positions like Shell and OxyUSA…all good signs. If yawn minerals in Reeves, you are getting solicitations to sell!
I was asked the question that in Reeves County, Texas, that if one of the land owners was paying the land taxes on shared property, that the person paying the taxes would eventually own that property held by the one not paying their share of the taxes? I know this is true in most places, but was told “they” do not do that in Reeves County. True or false?