Linda, guess all you got this time was a hole in the ground!
Diane, that 12% is going to look nice!
Thanks for updates on Virginia well. We got offered $16K/acre for our minerals in Section 9 today. Sounds like a pretty good well.
Newfield reported a completion on 6-1-2015. 16-2N-4W Virginia 1H-4X Oil 2,785 obpd Gas 1291 Springer formation test done on 5-16-2015. Real nice well for someone, congratulations!!!
Guess that Virginia well was just padded on 16 2N4W because we own in 16 and we didnāt get any of it. Looks like it may have gone north through 9 and 4 2N4W. Suppose that was to get what they couldnāt get to with the Jarred well when they had to stop short. Jarred WAS good too but not THAT good. Maybe theyāll try again with a well through 16, 9 and 4 next time. Hopefully! Jarred was up a little this last time but lacks a long ways to come back to what it was before it was killed by fracking. Iām just glad it is coming back!
Heard on the news that two women have separate lawsuits against companies drilling close to their homes just before one of the larger Oklahoma earthquakes damaged them (one was for property damage and I believe the second was for bodily damage). Hope that doesnāt open up a can of worms. Iād probably feel different if it hit us.
Received an offer yesterday for Section 8 1N5W for $12K an acre. I hope they know something I donāt as no DO or initial check has arrived and itās past the 6-month mark for Oceana that is 8 and 17 1N 5W.
Yelpā¦ Hutch, and I wouldnāt mind just getting a hole in the ground if it was a swimming pool but no such luck! lol 
Been seeing a few Seismic signs around again. Saw the last one in McClain County yesterday along the road on Highway 59 south of Criner.
Getting those great wells all around our Section 34 2N4W. Would sure like for them to start that āIn My Dreamsā well there but on our last trip down there no action going on there. Did see a deer on Section 27 so that should make the land owner happy. It was a pretty little thing. We have been seeing quite a few deer around our home lately. I believe they like this drilling around here. The hum of the pumping units probably helps them sleep. lol
Fred, sections 18 & 19-1N-4W have pending pooling hearings with Newfield, so those will give you an idea of new rates. Newfield
- most of those wells, I hope Linda didnāt see my bad grammar!
soonerpe and Martha, Thanks for the encouragement, it has been a long wait to hear something about Oceana! Are the numbers you provided, soonerpe, reflective of a moderate, average or really good production? First glance, they look pretty good but then what do I know (shall we say nothing?)
Hi all, Iāve got acreage in 14, 23, & 24 of 1N-4W. Current leases start expiring in May of 2016. Anybody getting any top lease offers? Also, what are the bonus and royalty terms are you getting these days with these current low oil prices? Thanks!
Michael, it is 280,000 mcf. (thousand cubic feet), so three zeros less than your large one. Actually 280,000,000 cubic feet. It is a very nice gas well. It is also choked back to 34/64 (about half of what it could be), but they may leave it that way to help the pressure. The completion report said 6801 mcf per day, which is a one day measurement. Notice that once it got rolling in February and cleaned up, the rates comes out to be 12,320 mcf per day (345,000/28 days), so roughly twice the completion rate. Of course, it drops off quickly which is normal.
Thanks Michael, The complete description we are in is; Section 4 Township 2, Range 4 West and we are with Newfield Exploration.
Donald, it looks to me like you are sitting in a pot of gold. A brief look tells me there are 11 or 12 active wells in 4-2N/4W. Six wells are the Mashburn 1H-4 thru 6H-33X. Four or five wells are the Wright 2*-4X thru 6H-4X and recently completed the Virginia 1H-4X. Iām unsure about the Wright #2 because I find no data on it so donāt know if it ever got drilled. There may be other information that I did not find but I believe there are others on this forum who own interest in those wells and can tell you more. You can do some research by clicking the link below. You can search by well name or Section, Township and Range. Most of those wells are multi-units with other sections involved. If you canāt find a well under Section 4 look under Section 9 or 16-2N/4W.
Donald, you will need a Township and Range to go with your Section number example 4-2N/4W.
Donald, before you get all excited is it 2 North or 2 South?
Thanks Michael for your help.
Hal - the Poteet was originally in Section 17, Township 2N, Range 4W. The Poteet siblings are in Section 17 and 20, Township 2N, Range 4W. Weāve been waiting a long time! There are a total of 10 Poteets, I believe. Very exciting! Wish oil hadnāt gone down today, but I guess it will level off eventually.
Diane,
Rough numbers Oceana gas; I do not know about oil.
1/2015
280,000
MCF
2/2015
345,000
MCF
3/2015
340,000
MCF
4/2015
250,000
MCF