saying a prayer for ya, Linda!
Good timing for our new wells.
I think another thing to factor in is the change of the make-up of Congress. Perhaps the Republicans in charge will reverse some of the Obama Administration policies that have been harming the oil industry. I hope to see improvements in the US economy that will lead to a better worldâs economy. That will increase the demand for energy which will fix everything for us holders of mineral interests.
Huey, why canât the US oil be used in our refineries?
K.Dawn, the crude from different areas have different characteristics. Much of the oil being produced in U.S. shale plays is very light compared to the heavier crudes coming from other countries. Many U.S. refineries were built when we were very dependent on foreign oil. The percentage we import is much less today but we still have to continue imports to some extent. Some people are of the opinion that heavy crude that could have been imported from Canada on the (politically cursed) Keystone Pipeline wouldâve helped alleviate the problem by importing oil from a friendly country. The Canadian tar sands oil can be diluted with U.S. produced condensate, much of which comes from Oklahoma.
It will take six months or so to whittle away the 1m barrels a day of excess oil on the market â with US crude falling to $50 - given that supply and demand are both âinelasticâ in the short-run. That will create the beginnings of the next shortage. âWe expect a pretty sharp rebound to the high $80s or even $90 in the second half of next year,â said Sabine Schels, the bankâs energy expert. - Citigroup
Can someone please post the link to the OCC search engine that I can use to look at forms filed under particular sections and such? I know Hutch has posted it a few times. My browser updated and deleted all my favorites.
Thanks in advance!
Posting this for the second time around. First time would not post when I hit âAdd Commentâ. Hate it when that happens! 
No drilling that we know of on Section 34 2N4W (someone earlier wanted to know). They are getting mighty close with the new Honeycutts, Yandells and Boles wells but no cigar. I figure weâll get some paperwork when and if they intend to start something there. They have been leasing again some of the mineral rights that were already leased. Some are calling it âtop leasingâ but hubby says that used to mean something different. Anyway seeing that in the county records seems to be a good sign to me. 
Still sore and not feeling too well after the epidural so may be a few more days before I go back to the diggings. When I do Iâll report.
Linda, Take good care of yourself!
I agree John but both sides of the aisle need to get rid of a lot of dead wood. GOP leadership needs some new blood.
Linda, thatâs right there have been some exports. If condensate has been âstabilizedâ it is considered a refined product and is legal for export. I donât know about pricing but itâs probably too soon to tell if it will affect the price. Probably wonât trickle down to us. Thatâs probably when that enhancement clause kicks in.
You DA MAN!
I will Diane, Thanks!!!
Heard today that we are already exporting some condensate, is that right? Anybody? If thatâs so it looks like condensate would sell for more than oil but it doesnât.
Had this email tonightâŚ
Thatâs not good. I received 2 leases in the mail yesterday from JF (and we all know who they lease for) in 32 & 34 2N3W.
Bob, was it for Garvin and Stephens?
I guess the good news for me is Iâm likely to get out of that sucker lease I signed 2 1/2 years ago. The bad news could maybe get worseâŚ
Scott, we have a similar situation in 2N/4W. The wet gas makes up the majority of our royalty income.