Energy stocks rally with OPEC deal
The energy sector (XLE +4%) bursts to the top of the leaderboard after OPEC announces a planned production cut to 32.5M bbl/day at the informal OPEC meeting in Algiers.
Among individual energy stocks: XOM +3.8%, CVX +2.7%, RDS.A +2.8%, BP +3.4%, TOT +2.4%, PBR +4.5%, COP +6.4%, MRO +8%, MPC +1.4%, PSX +1.9%, VLO -0.1%, EOG +6.2%, PXD +6.4%, OXY +4.5%, DVN +7.9%, CLR +8.3%, APA +6.2%, NOV +8.1%, SLB +3.3%, BHI +3.6%, HAL +4.3%,
Great about CLR check. We havenāt gotten ours yet but will check their website. Double our last months still wonāt be much but better than a dry hacking cough! lol
On the wells that under Meridian show āIndianā how would I go about finding out if they are perforated in our section. Is there a link or any other advise to determining this that anyone could give. As you may have guessed I am a total novice when it comes to these things.
Don Fryā¦thought you were on my friends list and was going to message you but canāt find you name. Would you send me a friend request as Iāve forgotten how to do that? Thanks!
Donā¦I donāt really think the āDeer Manā wants to hunt the land and I know he doesnāt want anyone else hunting on it as there are āNo Huntingā signs all over the fences for those three sections. I think he just wants to preserve the wildlife. He bought the 40 acres from Prestonās half brother a few years ago just before all the drilling started down there. Iām just going by what he told the brother. Iāve never seen anyone down there hunting but we did see a small herd of deer on section 21 on the location of the Branches. They werenāt too shy with us being able to get pretty close.
Linda: I see that Newfields is putting a well into our āin-your-dreamsā section of 2N 4W section 34 soon. They only plan to drill from section 22 south through 27 and a half mile under 34. They seem to be saving the southern half of 34 so they can drill under it from the south and recover the other half of the springer formation. What do you hear about why they are not going for the woodford shale which seems to be just a few hundred feet above the springer formation? Isnāt it fun to play armchair geologist? Good luck to we mineral owners. Incidentally I have built a detailed map of township 2N 4W showing all of the producing horizontal wells and their initial production. If you have Microsoft Excell, which comes with Office, for your computer we can exchange e-mail addresses and I will send the spreadsheet map to you. Don Fry
Don, I donāt know about the Microsoft Excell (P. probably does when he gets home). I can message you our email address if you like. Thanks
Last night as we came home we could see the lights of at least 2 rigs off to the west that havenāt been there before! We live in 4n4w in Garvin and Iām thinking they would be about maybe 4n5w or 5n5w in Grady or maybe in Garvin??? but not sure about any of that. Things seem to be picking up some according to oil field traffic and coffee shop talk. Woopee!
One of the problems with 34 2N 4W is the fault that goes through the lower portion. Newfield drilled 6 wells (Yandells) on section 27 above it into the Woodford so the only Woodford production they could get out of 34 would be 1/2 section. A half section would be a very short lateral and cost prohibitive in this day and age. Going for the Springer level they can run 7,500 feet through 27 and down into 34 and HBP 34 and make the well profitable. My thoughts anyway.
Linda: I think you have a good idea about the āDeer manā. I once visited a yawning Wyoming coal mine. A Grand Canyon deep and over a mile wide hole in the ground. Countless huge trucks, shovels and machines digging. A desert surface railroad track went under a series of huge automated silo structures that dumped coal into the string of cars drawn by an engine or two that never stopped. As I stood beside my auto next to the silo and moving train with the constant rumble of thousands of tons of coal cascading into the cars, a small herd of mule deer grazed peacfully not ten yards from me. The train had to stop its endless movement to let them pass. Donāt get me wrong but as a now overage hunter I have a hard time with having a rig on your property for eight to ten months then a small bevy of 5000 gallon tanks setting there for twenty something years as disturbing the deer. It is easier for the hunter to hide behind a rig than one of the stunted pine and chigger infested and thorny weeds but it is his land. Iāll send you an e-mail. Don
Linda, I noticed some activity on the OCC docket for 34-2N-4W by Newfield. These are your minerals arenāt they?
Linda: You are right (as usual) and the woodford is below the springer. I have sent you a friend request & my e-mail address. I received the same notice for the multiunit request for sections 27 & 34. The emergency order for a hearing on Oct. 4 was because a rig and they made a contract before they had the pooling order approved. Don
Scout: Thanks for your explaination for the Yandell well holding half the woodford in section 34. My almost always correct, so I tell my wife, spreadsheet shows the Yandells end point to be the South section line of section 27. I need to go to the OCC well search and verify my mistake. I had a personal note to myself that the six Yandell wells horizontally drilled every other one in the upper then the lower woodford. Again I may be wrong. Don Fry
Max, you can check for wells in your section on the OCC website.
Search "Oklahoma Corporation Commission Conducting Business:
http://www.occeweb.com/includes/ConductingBusiness.html
Then go to Imaged documents, Check Here to Search Documents, then Oil and Gas swell Records Forms.
First search your Section, Township and Range. If you donāt find anything search the section immediately above you and immediately below.
Come back if you need help. Or tell me the S-T-R and I will look it up for you.
Mississippian Springer is above Devonian Woodford.
Kirk and Donā¦Yes we just received a copy of NF application to drill in from the SE quarter of section 22 (where the pad only will be) down through all of 27 (the lucky rascals) lol and on into our 34 2n4w only 1/2 mile. Looks like our āIn My Dreams Wellā will only be 1/2 a dream or really only about 33% in 34 but weāre glad for anything we can get! How did you find out they intend to later come in from the south to get the rest of it Don? Do you think that is because of a possible fault in it? I was thinking the Springer formation was above the Woodford but is it the other way around? Donāt have any idea about why except that with the Branch (in the Woodford) and the Jarod (in the Springer) the Jarod seems to have come in better (with more % of oil too) than the Branches. Hubby had told me some time back that they find a lot of oil, etc. around faults a lot of the time but they just have to be careful with the drilling around them (now, Iām thinking thatās what he said so donāt hold my feet to the fire about that). lol Anyway, itās kind of exciting to have something to be checking on for a while. We also received where they asked for it to be judged an emergency because of the availability of rigs now, etc. so looks like they want to get started right away. I would have liked for them to have waited until after May so we could have leased it out again to get the bonus but canāt be greedy you know. Well, I guess you can but it wouldnāt do us any good! lol Thanks to everyone who keeps us informed what you hear!
Donā¦I think you have me mixed up with someone that is usually right. lol But thanks for the compliment. What I noticed when I was driving around down in the diggins before was the fact that the ādeer manā that owns section 27 and 34 2n4w also had his fences on the north end of section 3 3n4w. That being said I donāt know where they would have to put the pad if they come back through the section 34 from the south so as not to get on his property. I know he probably couldnāt keep them from drilling on his property but Iām sure they would rather avoid conflict if possible.
http://www.newfield.com/news/newfield-in-the-news
a couple of articles highlighting the STACK and SCOOP
Whoopee! Oil is up over $50. for WTI and over $52. for Brent today. Nat. gas is a little over $3.00 also. If itāll stay there for a while I think more drilling will begin again!!!
I have minerals in Section 34 in Stephens County were Newfield is proposing to drill the Mark well in the next few weeks (if ithey havenāt already started). I am looking for production reports for the Doyle (1H-21X) in Section 19, Township 01N, Range 04W. The Operator of the Doyle is Newfield as well. Knowing how good the Doyle is (oil production) will help me make the best decision on whether to participate or lease my minerals in Section 34. The force pooling hearing is on October 11th. Any help would be so appreciated!