jw - Oddly, Shell recently obtained a permit to drill the SILVER DOLLAR 57-3-47 RVS #1H, a 13,500’ Phantom (Wolfcamp) horizontal test, issued 7-22-13. This well permit was in T&P BLK 57 T3, SEC 47, the section adjacent to you. For no reason stated, in a letter addressed to the RRC dated 8-26-13, Shell requested, “Please cancel Drilling Permit No… “ The Commission granted the request, “The Railroad Commission of Texas has CANCELLED your API # AND PERMIT to DRILL the above-referenced well, which was issued on Jul 22, 2013.”
Several EOG Resources Harrison Ranch wells recently completed in Reeves County that have received a lot of fanfare, are located about 5 miles SSE of you. Energen Resources is currently drilling 2 wells in PSL BLK 56 SEC 8, about 5 miles SSW of you.
Refer to the new RRC map for other information:
Launch New Public GIS Viewer (everyone should learn to use this):
Anadarko’s Onshore Exploration Spending Set to Jump
9-3-13 – Anadarko Petroleum Corp. is setting the wheels in motion to accelerate U.S. onshore drilling following the $2.64 billion cash sale for part of its offshore Mozambique natural gas project. Later – Buzz
You seem to be the go-to guy on here, so here we go…I got a call recently from the company who leased our minerals a little over two years ago (3 yr lease, 25% ORRI +bonus). They have not done anything with the lease to my knowledge, and he said they would probably not get to drilling anything on it until after the lease expires, hence the call, which was basically an inquiry about renewing the lease with them. We have 100% of 400 acres in Section 40 Block 59. Have you heard of any activity in this area, either leasing or drilling? Just looking for lease bonus information or well permits. Thanks in advance for your input.
Sorry, typo for “Section” came out “Survey”. Corrected legal follows:
Legal Description: 100% interest in the S 3/4 of the S 3/4 of East 3/4 and NE/4 NE/4 of Section 40, Block 59, PSL about 30 miles west of Pecos, Texas, consisting of approximately 400 acres. We own the minerals and the surface.
Legal Description: 100% interest in the S 3/4 of the S 3/4 of East 3/4 and NE/4 NE/4 of Survey 40, Block 59, PSL about 30 miles west of Pecos, Texas, consisting of approximately 400 acres. We own the minerals and the surface.
berrytc – I have it… showing 26.8 miles almost due W of Pecos. Good that the current lessee had shown interest in extending your lease and nice that you have time to make a reasoned desision.
I’ll get back w/more shortly. Later – Buzz
PS - incidently, owners Royalty Interest is ‘RI’, i.e., not ‘ORRI’… that’s Overriding Royalty Interest.
Buzz, I signed 02/12/12 for $4500. We own the land and the State owns the Minerals. We are splitting 50/50 if anything should ever happen! My brothers and sisters and extended family all got $4500. Each. Thank you Buzz for all your help!
jw - thanks for the feedback… making sure I have that straight, the total lease bonus was $4,500 per acre, split with the state. Then it’s just a coincidence that brothers/sister/extended family received $4,500 each? TIA – Later – Buzz
I have a interest in the same land as J W. A-3035 & A-3036. I signed with Petrohawk 9-9-2011 for $2000 a acre split 50/50 with the state. My share is 16.875 acres. I also have family members who received the same.
Jess – it looks like Oxy USA has taken over the lease from EXL Petroleum in Section 22 (A-2448) to your north where Oxy received 2 vertical drilling permits in March 2013. Later – Buzz