I have received a proposal from Newfield to unitize the Woodford in Section 1 and Section 12-Township 2N-Range 4W based on net acres owned. The sections have been divided into irregular tracts with appropriate participation factors, and Section 1 contains 639.88 acres, but essentially 20% royalty on 1 acre in Section 1 will receive the same royalty payment as 20% royalty on 1 acre in Section 12 regardless of lateral length underlying each section.
NFX plans surface locations in Section 13 then drill north through Sections 12 and 1 (10,000ā laterals). Are you aware of any geology which might prevent lateral from reaching north side of Section 1? Proposal seems equitable if wells are drilled as planned, but if full lateral lengths are not drilled, Section 12 royalty owners would seem to be giving up something. Existing standard lateral wells in the sections would not be affected. Thanks for any comments.
John Mosley, thank you so VERY much for the picture of Connell well. Can you give me an idea of what stage we are in? When will the horizontal drilling begin? Val Connell Carter REALLY appreciate the picture!!!
This is the Connell well while it was drilling. They wouldnāt let me drive up to the well site, but I know the surface owner of the adjacent property.
Soonerpe, send me the Cause No so I can read it. Without reading it, if the surface location is in 13, then 12 is very likely to get drilled all the way. Sec 1 is who might get shorted. I donāt think there is a fault there, but I need to read the Cause.
Diane-completion always has to happen before production or else they cannot produce the well. We just donāt get to see the completion reports until four-six months later. That is how far behind the paperwork comes into the state and them actually posting it. Working interest folks find out a bit earlier.
Connell well is completed. Test for first 30 days was about 11 MCFG/day and 518 BOD. I didnāt see it, but heard it had a pretty good flare during test.
Great pictures, Johnā¦wonderful to see those dotting the skyline. Wisconsin owners should be getting daily drilling or completion reports and would know immediately how production is testing. If you are a participating royalty owner, you should be getting these reports also. I think it is by design that operators arenāt getting their completion reports in for several months in some cases.
John, Again thank you so much for pictures. What exactly is 11 MCFG? Is that 11,000 cubic feet of gas per day? I assume the Gentry and Connell are in the same 640 unit? Thanks, Val Connell Carter
Still another oil/gas lease recorded as late as yesterday 2/13/14 by Continental on Section 34 Township 2N Range 4W in Stephens County. Hopefully they have drilling on the mind!!!
Hereās the link for the best drilling and fracing videoās Iāve seen yet. Click on the āhorizontal drilling animationā under videoās and enjoy.
Good morning everyone! I noticed a doc that Clint posted yesterday pertaining to Chevron being exempt from plugging in Section 14 Township 1S Range 5W until Sept 2019. It says holding wellbore for future potential. Can someone explain what exactly that document means? Thank you in advance to whomever answers this!
Got a letter from company interested in purchasing any of our royalty in Township 2N Range 4W. No price mentioned but weāre not interested at this time anyway. Just glad weāre still seeing some interest!
Gentry #1-11H-02X has surface location in southeast corner of Section 11, Township 3 South Range 4 West. Lateral turns north with a bottom hole location in northeast corner of Section 2. Well is completed and awaiting frack, as are several wells in the area. I understand they are doing āzipper fracturingā now where the operators fracture several wells nearly simultaneously. Tanks and associated equipment are installed on the pad.