Connell surface location is in SE corner of Section 13-3S-4W with bottom hole located in Section 12. Gentry surface location is Section 11-3S-4W with bottom hole in Section 2.
Does anyone have acreage they are currently considering offers to lease on?
Bearcat (CLR) has made an offer. It is to lease a multiunit horizontal well located in Stephens and Carter County. It is named the Wynell 1-31-6XH in Sections 31-Township 3 South-Range 3 West and 6-Township 3 South-Range 3 West. Anyone hear anything about this play?
Hi all, Happy Holidays. Does anyone know if thereās any activity in Township 1 North Range 6 West right now? Hard for me to check from California. Have a recent lease with Marathon for Section 24 and understand they were starting the āStrainā well.
Hello Andy, This is possibly the well you are referring to but I donāt see a Spud Report (begin to drill) posted yet. http://imaging.occeweb.com/OG/Well%20Records/1DD234B7.pdf
Guess you people that get direct deposits probably got them today on the Branch wells because ours is posted on the website. Was pleasantly surprised that the amounts were up this time when I thought they would be down. Paid a little over eighty dollars a barrel this time. Guess itāll really drop next time on the price per barrel. Was just glad this one was up from last month.
I did want to add the Connell surface location is fenced because a farmer leased it for years and ran some cattle in the area. After he left someone else leased it but it is no longer leased. The wells in this area have been very productive for 55 years so if anyone else shares in this unit we should hope that it will be successful.
Hi Clint,
Thatās why I was asking. The permit supposedly expired 12/20/14, and I assumed they would have to spud to keep it alive. (?)
I have read a lot where most of our local E&P companies (with the exception of CR) are well hedged through at least 2015, so hopefully we wonāt see the prices reflected on the futures market for sometime, and who knows-maybe a recovery by then.
That sounds right to me, Huey.
Cheers! Everyone! Does anyone remember if there were drilling permits for Sections 11 Township 1 South Range 5 West and 13 Township 1 South Range 5 West? I thought we saw permits for those a while back?
Hopefully itās the hedged price but I remember someone saying on the forum that the hedge price doesnāt affect the mineral owner. Can someone comment on this? Thanks in advance.
Another learning experience for me. I should have known better than to think it would benefit the royalty owner.
Vicki,
We just have to hope that Continentalās crystal ball is not broken and prices head north again in the near future.
15 1N6W Pooling Order signed 12/29/14. $0 & 1/4, $1000 & 1/5, $1500 & 3/16 and $1600 & 1/8.
Karla, Iāve been wondering if the royalty is based on the hedged price or the market price? Seems like it would be in their favor to pay the contracted percentage on the market price?
Vicki,
Being tied to hedge pricing would not always benefit the mineral owner. Sometimes the hedge price is less than the wellhead price.
Soonerpe, I can understand that, if the price were going in the other direction. I get the dynamics of how hedge pricing can work both ways. I was just naĆÆve for thinking all this hedging Iāve been reading about would trickle downstream when the spot price was headed south. Live and learn.
Hi Ralph. I got a check from Newfield a couple of days ago. It had been a couple of months. My understanding is that they choked back the 1H-14X while they fracked the others. We should start seeing payments on the other wells in February. I was told that first sales were in August. If anyone else has additional information it would be much appreciated. I have heard that they are good wells so far.
Has anybody in Stephens County heard or leased to Okie Energy?
I am told that Okie Energy is a subsidiary of Rock Capital Group.
Thank you
Debbie