Linda, that road you don’t know what is called, is the road that goes between the Gregory wells on Section 28 Township 3N Range 4W and the Ince 1 21H 3N/4W well to the north. And the Ince 1 21H well is drilled from the NW corner of Section 28.
The rig on Section 14 below is on Township 2N, Range 4W.
Thanks Linda, that’s great news. #2 is supposed to be the longest lateral, about 10,000’.
Sorry, I got the cart before the horse in reporting on the Poteet #2. After telling hubby about the explosive signs and signs for all to turn off all cell phones and radios he said they were probably perforating instead of fracing (oh, sure, I knew that I had just forgotten) lol. Anyway the frac tanks were all over the location so I’m sure that’s coming shortly. I know it must seem like forever but hang in there and I’m sure it will be worth the wait! There was a lot of pipe in the derrick on the only Poteet well rig that’s left so guess they are pretty deep on that one too.
Newfield 3Q14
This link is not operable.
Newfield is having their 3Q earnings call at 10 this morning. Link below in case anyone wants to listen as they tend to be quite informative.
SECTION 7 T 1N R 5 W - is there any activity?
The Hundley well S 20 T 1 N R 5 W CONTINENTAL RESOURCES has sent out Division Orders.
ROBERT R
Van Arkel 4133.69 barrels for September 88.1979/bbl
75712 Mcf for August $5.4438/MCF
Oh, man, wish I hadn’t called Newfield Office this morning because the little gal burst my bubble as far as the Jerrod and the Branch wells go. The Jerrod is making substantially less than the quarterly update just told us and the Branch wells were down on the check this month and she talked like they are all down some more these last two months except for the number 5 well which was up a little on gas. Guess I better not make my Christmas list yet, huh?
Still every bit we get is a blessing we never thought we’d have so I’ll stop my complaining for now! ![]()
She said the Jerrod had a first sales date of Sept. 4th so we shouldn’t expect the first check until around March.
From the latest Newfield Quarterly Report - Thanks for the link Linda!
Our highest-return investment region today is the Anadarko Basin of Oklahoma. There is a gravitational pull to add activity in our SCOOP, Springer Shale and STACK plays. All of the investment scenarios we are considering for 2015 have an increasing percentage of our capital being allocated to the Anadarko Basin.
Even with softer prices, our portfolio is very resilient today, offering both scale and quality. The cornerstone of this program is Anadarko Basin. The STACK and SCOOP plays have years of drilling inventory and are providing us with 30% to 50% rates of return, even at today’s lower oil price. Our hedges are very strong and ensure that approximately 70% of our oil production, over the next 2 years, will get $90 price without further deterioration.
Cool.
Way cool
Very encouraging.
Continental has filed for a pooling, on Section 5 1N5W, hearing scheduled for Nov. 17th. Have received offers for lease from Double Eagle Energy, Freeman Oil and J.P. Drilling with offers to lease. Their offers are better than Continental’s. Does anyone know of these companies, and dealt with them before? Would appreciate any info. Thanks.
Jerry & Diane,
The Oceana rig (Section 17, Township 1N, Range 5W) is down and is moving out.
Rig going up on Section 21, Township 1N, Range 5W.
Virginia,
Haven’t heard of those companies, another new one is Dale Oklahoma LLC.
Ed, or anyone, when you say the rig is down on Oceana, can it mean they have abandoned the well or is it more likely that fracking equipment will be brought in?
Diane, it just means they’re finished drilling the “hole”. Eventually they will bring in other equipment and complete the well, including frac’ing.
Ed - Thanks for the update on the Oceana. Are they fracking the Goins? Jerry
Anyone heard of the pipeline coming through?