Nicole, we just received our check from GFL a week ago. Our landman worked directly with Gene Lang, so we got pretty good intel. Lario is the operator, and they intend to begin seismic surveying next spring, and to begin drilling around next September.
Nicole Bartley said:
We’re west of Box Elder Creek rather than east. GFL was okay, the landman didn’t seem particularly knowledgeable.
Cathy said:
Thanks Nicole. Are you in the area behind Tom Bay Road? I heard there was some activity there. Glad to hear you have check in hand, how was GFL to work with? Thanks - Cathy
Nicole Bartley said:
So sorry to just be getting back. I am about 5 miles southeast of Watkins. Incidently, I received my check yesterday
Cathy said:
I would also be interested what part of Arapahoe County you are in. We have recieved an offer from Upstream, we are in Arapahoe County, roughly 7 miles South of Bennett. Thanks.
Ted Preston said:
Lisa and Nicole, I have a client who is trying to assess his mineral value in Arapahoe COunty. Would you mind sharing where your minerals lie in Arapahoe County, so we can better understand the vicinity where the landmen are paying these rates?
Thanks in advance!
Nicole Bartley said:
We signed with GFL, $1000/20%/3 year with 3 year extension at $1500 per net mineral acre. It was a collective agreement by 7 people in the neighborhood, all with at least 25% mineral rights, all with 40 acres, all surface owners. The representative for GFL said they wouldn’t be making any more offers like that, but who knows. TransContinent did tell us that they were no longer interested but they had just been outbid by GFL on 5 of those 7 neighbors. Don’t know if that helps at all…
Hello,
I have a question maybe someone could answer… I see that EOG has a permit to drill right beside the Jake #2-01h well i am just curious if anyone can speculate why? Something to do with evening out pressure maybe? Also does anyone hear anything about the “Hereford Ranch” prospect than EOG is starting to drill on? One of my dads wells is 60w 12n sect. 21 and 30 and some others near there also… I am again curious, i see approval to drill in (Olive Well close to ours) April so i am guessing they have already drilled a well it takes so long for some of these wells to get production data on them. wish we lived closer. would be neat to see.
Bryan said:
Ted, I have no intention of offending anyone and certainly I am not accusing anyone at EOG of anything except telling it in their honest opinion. What I said is that the Jake has a steep decline rate, period. I also said 50,000 BO was prodcued in 3 months and it was. I would get a subscription to some of the production reporting services and you will have this information or check the Colorado website for free. I also said 50,000 BO does not come close to paying the Jake well off and explained why and it does not. I said the decline is rapid and it is. I also said it better stabilize or lease prices and interest will diminsh and they will in that area. Those are not accusations of deceit, they are just cold, hard facts.
I am seeing people post on here telling that $2500.00 is the going rate for leases in Weld County and it is not. It is the going rate in an area in or nearby the Wattenburg field (and a limited few other areas) which is a gigantic and hugely productive field with multiple pay zones. No leases in most areas of Weld are worth near that amount and will not be unless both very good and lots of wells are drilled in those areas to prove the Niobrara. Farther east of I-25 you go the less and less leases are worth, unless they are adjacent a D or J sand discovery well which is not the Niobrara formation.
I stand exactly where I said I did. Clarifying facts only to help people make good decisions. I try to provide input for minerals based on facts not exhuberance. I think oil and gas questions should be answered by oil and gas professionals and people with questions should seek out oil and gas professionals so they get accurate advice.
Again, I hope all do great and I wish EOG all success with their endeavors as they are helping supply the energy we need, providing employment and paying royalties to many farmers and others who need the money desperately including the great State of Colorado. So I say “GO JAKE WELL GO!” But I also say if it keeps declining something new better happen as to frac desings or horizontal drilling techniques or this mesage board may get depressing.
Everything I state on here is my own opinion and if you want a professional geological review of your area there are many consulting geologists who will prepare one for you for a fee which would be wise if you have very many minerals for lease. This ensures owners the best deal possible and they know better what you may have as to oil possibilities. They can also help you contact companies for leasing.
Good wells to all and may your lease prices go higher!
Ted Preston said:
Bryan said:
I think I will once again will step in here to clarify a few things. I first would like to say the Jake made 50,000 BO as stated in about 3 months.
Bryan, as long as you're clarifying things, perhaps you can clarify the source of your information. On a quarterly earnings conference call, Mark Papa, CEO of EOG Resources, stated that the well made 50,000 barrels in the first six months, and that it is stabilizing at 150 BOPD. You seem to have some source of different information, telling you that the well made 50,000 barrels in the first three months, and that it is not stabilizing. You seem to be suggesting that Papa's statement on the earnings call was materially false, or at least misleading. If that's not what you mean, please clarify.
For our third mineral lease in T9 R64 we researched who was pulling well permits.
We plotted the company, known well locations, and mineral formation on a map. We used a six mile radius.
We then went directly to the referenced oil companies who referred us to their agent.
We entered this time with the knowledge of what others had leased for and the location of activity.
We received 350/ at 20%. The Greeley lawyer hired to review the lease said it was the highest he had seen for THAT area.
We Marketed. We actively sought buyers.
If the well permits are showing “wildcat” it is unproven ground.
For some of us who are older than others, it’s a Cat Stevens reference, who became Yusuf Islam after he wrote “Tea for the Tillerman” and apparently “the first cut is the deepest.”
The Niobrara is a chalk/shale play that is somewhat dependent on natural fractures within the chalk. It is seen as a resource play in which an optimum acreage per well will be found with the infill drilling falling at those spacings. The most similar type of play like the Niobrara is probably going to be the Austin chalk, but it does have a higher shale content giving it more of a shale play feel. So the permits will be pretty close to eachother. It has nothing to do with the pressures although they may find that spacing the wells so close will adversly effect the production.
Leases in the Niobrara are being bought according to resistivity maps that are available if you do a bit of research. The higher the net resistivity in the Niobrara the higher the oil content is the theory. If you lookat EOG’s presentation there will will be a map of oil saturation where they bought leases early on. This is indicative of that same maps, but may use a different approach.
Wattenberg field is interesting in that it has a more retrograde condensate feel. This field has been drilled vertically and fractured for years as it was seen as a secondary zone and was commingled with other productive zones. Anadarko put out a paper showing where the sweet spots in the Niobrara should fall at and they based it off of the connate water saturation. Most of this area I would imagine is already held by production. Noble is showing that they can still make horizontal wells work in the Niobrara in wattenberg in between old vertical wells that have already been drilled there. That has to be good news for the mineral owners if more horizontal wells are drilled in those areas.
Hello, I have a question maybe someone could answer… I see that EOG has a permit to drill right beside the Jake #2-01h well i am just curious if anyone can speculate why? Something to do with evening out pressure maybe? Also does anyone hear anything about the “Hereford Ranch” prospect than EOG is starting to drill on? One of my dads wells is 60w 12n sect. 21 and 30 and some others near there also… I am again curious, i see approval to drill in (Olive Well close to ours) April so i am guessing they have already drilled a well it takes so long for some of these wells to get production data on them. wish we lived closer. would be neat to see.
Bryan said:
Ted, I have no intention of offending anyone and certainly I am not accusing anyone at EOG of anything except telling it in their honest opinion. What I said is that the Jake has a steep decline rate, period. I also said 50,000 BO was prodcued in 3 months and it was. I would get a subscription to some of the production reporting services and you will have this information or check the Colorado website for free. I also said 50,000 BO does not come close to paying the Jake well off and explained why and it does not. I said the decline is rapid and it is. I also said it better stabilize or lease prices and interest will diminsh and they will in that area. Those are not accusations of deceit, they are just cold, hard facts.
I am seeing people post on here telling that $2500.00 is the going rate for leases in Weld County and it is not. It is the going rate in an area in or nearby the Wattenburg field (and a limited few other areas) which is a gigantic and hugely productive field with multiple pay zones. No leases in most areas of Weld are worth near that amount and will not be unless both very good and lots of wells are drilled in those areas to prove the Niobrara. Farther east of I-25 you go the less and less leases are worth, unless they are adjacent a D or J sand discovery well which is not the Niobrara formation.
I stand exactly where I said I did. Clarifying facts only to help people make good decisions. I try to provide input for minerals based on facts not exhuberance. I think oil and gas questions should be answered by oil and gas professionals and people with questions should seek out oil and gas professionals so they get accurate advice.
Again, I hope all do great and I wish EOG all success with their endeavors as they are helping supply the energy we need, providing employment and paying royalties to many farmers and others who need the money desperately including the great State of Colorado. So I say “GO JAKE WELL GO!” But I also say if it keeps declining something new better happen as to frac desings or horizontal drilling techniques or this mesage board may get depressing.
Everything I state on here is my own opinion and if you want a professional geological review of your area there are many consulting geologists who will prepare one for you for a fee which would be wise if you have very many minerals for lease. This ensures owners the best deal possible and they know better what you may have as to oil possibilities. They can also help you contact companies for leasing.
Good wells to all and may your lease prices go higher!
Ted Preston said:
Bryan said:
I think I will once again will step in here to clarify a few things. I first would like to say the Jake made 50,000 BO as stated in about 3 months.
Bryan, as long as you're clarifying things, perhaps you can clarify the source of your information. On a quarterly earnings conference call, Mark Papa, CEO of EOG Resources, stated that the well made 50,000 barrels in the first six months, and that it is stabilizing at 150 BOPD. You seem to have some source of different information, telling you that the well made 50,000 barrels in the first three months, and that it is not stabilizing. You seem to be suggesting that Papa's statement on the earnings call was materially false, or at least misleading. If that's not what you mean, please clarify.
Larry have you signed your lease yet? I have land in the same area as you but in sections 7, 19 and 30 and want to know if you have finished your negotiations. Who is your attorney?
Larry L Davis said:
Charles,
Thanks for the note. To date, I have only received the contract and offer from Contex. Based on my inexperience and need for professional assistance, I have secured an attorney to represent me in these negotiations and obtain the best arrangements possible. Would like to be part of a win/win situation for all.
I do not understand “Cat Stevens”
I do not know “cut the deepest” however new wells in Colorado are about 2 miles down.\
The script translates
Salaam Alaykum! (“Peace be with You”, in Arabic).
It sounds very similar to:
“Sholom Aleichem” in Hebrew which means “Peace be with you.”
Hebrew and Arabic are very similar.
Perhaps, a more appropriate for this forum might be:
Good cheer to you ! May you prosper!
Sincerely,
Abdul
Michael Elliott said:
Abdul,
“Where do the children play?”
For some of us who are older than others, it’s a Cat Stevens reference, who became Yusuf Islam after he wrote “Tea for the Tillerman” and apparently “the first cut is the deepest.”
Hi Jake, Thanks for the note. Shortly after I wrote the previous message, I received an email from Contex stating that they had migrated out of the area, were no longer interested and rescinded their offer. So, at present we have no offers and still waiting to hear from our attorney on any other possible offers. Larry
Jay Lake said:
Larry have you signed your lease yet? I have land in the same area as you but in sections 7, 19 and 30 and want to know if you have finished your negotiations. Who is your attorney?
Larry L Davis said:
Charles,
Thanks for the note. To date, I have only received the contract and offer from Contex. Based on my inexperience and need for professional assistance, I have secured an attorney to represent me in these negotiations and obtain the best arrangements possible. Would like to be part of a win/win situation for all.
I recently received a offer in the mail at 400 per acre as a bonus and 100 mo for 5 yr lease at 1/8 royalty. the well is township 5 north range 65 west section 17. does anyone have similar offers?
OOOOH Baby Baby its a wild world. Its hard to get by just upon a smile girl. “Cat Stevens”
Abdul said:
I do not understand “Cat Stevens” I do not know “cut the deepest” however new wells in Colorado are about 2 miles down.\
The script translates Salaam Alaykum! (“Peace be with You”, in Arabic).
It sounds very similar to: “Sholom Aleichem” in Hebrew which means “Peace be with you.”
Hebrew and Arabic are very similar.
Perhaps, a more appropriate for this forum might be: Good cheer to you ! May you prosper!
Sincerely, Abdul
Michael Elliott said:
Abdul,
“Where do the children play?”
For some of us who are older than others, it’s a Cat Stevens reference, who became Yusuf Islam after he wrote “Tea for the Tillerman” and apparently “the first cut is the deepest.”
I am still receiving offers for my family property (about 500 net acres) and the offers keep getting better. We are in the process of cleaning up the titles since several of our properties are still in deceased relatives names. The offers all depend on location. Where are your acres?
ken Schwartz said:
Hey every one I am a new member and unfamiliar on Weld County recent mineral news.
We have 1120 acre Mineral Deed in Weld county. Are people still recieving offers? Are there any new wells producing?
Morgan County
720 acreres
T4 North Range 59W
section 32
section 33
and
320 acres
T3North Range 59 W
Section 5
What can you tell me about these areas. I started researching these after hearing Colorado was having some bigger production. We live out in Washington State.
I live in Spokane! Your sections are further south of ours and the big discovery is north of me in 11N but your range is the same as mine. I did read some comments about some folks down south that were getting some interest. If you are on the Niobrara shale then there should be some interest in your land as well. Check out some maps and see if you are on this formation. With all the land that you have there should be more bargaining power. Don’t take the first offer!
Morgan County 720 acreres T4 North Range 59W section 32 section 33
and 320 acres T3North Range 59 W Section 5
What can you tell me about these areas. I started researching these after hearing Colorado was having some bigger production. We live out in Washington State.
Same here with working directly with Gene Lang (neighbor is a petroleum engineer and she brokered most of the deal). Just thought I would say that the neighbor over the hill about 2 miles west of me, just got the same deal $1000/20%/3 years.
Lisa said:
Nicole, we just received our check from GFL a week ago. Our landman worked directly with Gene Lang, so we got pretty good intel. Lario is the operator, and they intend to begin seismic surveying next spring, and to begin drilling around next September.
Nicole Bartley said:
We’re west of Box Elder Creek rather than east. GFL was okay, the landman didn’t seem particularly knowledgeable.
Cathy said:
Thanks Nicole. Are you in the area behind Tom Bay Road? I heard there was some activity there. Glad to hear you have check in hand, how was GFL to work with? Thanks - Cathy
Nicole Bartley said:
So sorry to just be getting back. I am about 5 miles southeast of Watkins. Incidently, I received my check yesterday
Cathy said:
I would also be interested what part of Arapahoe County you are in. We have recieved an offer from Upstream, we are in Arapahoe County, roughly 7 miles South of Bennett. Thanks.
Ted Preston said:
Lisa and Nicole, I have a client who is trying to assess his mineral value in Arapahoe COunty. Would you mind sharing where your minerals lie in Arapahoe County, so we can better understand the vicinity where the landmen are paying these rates?
Thanks in advance!
Nicole Bartley said:
We signed with GFL, $1000/20%/3 year with 3 year extension at $1500 per net mineral acre. It was a collective agreement by 7 people in the neighborhood, all with at least 25% mineral rights, all with 40 acres, all surface owners. The representative for GFL said they wouldn’t be making any more offers like that, but who knows. TransContinent did tell us that they were no longer interested but they had just been outbid by GFL on 5 of those 7 neighbors. Don’t know if that helps at all…
Hi everyone, Just a quick question…
I just received an inquiry from a representative of the Springfield Oil Co. interested in leasing or purchasing our mineral rights in Weld County. Has anyone heard of this company or anyone had any similar inquiries??
Please let me know… Thanks, Larry
Find out where they are headquartered and I will see what I can find out…
Larry L Davis said:
Hi everyone, Just a quick question… I just received an inquiry from a representative of the Springfield Oil Co. interested in leasing or purchasing our mineral rights in Weld County. Has anyone heard of this company or anyone had any similar inquiries?? Please let me know… Thanks, Larry
I received a call from Kyle Francis from Springfield Oil a few weeks ago but haven’t heard from him lately. We are getting closer to finishing our research and want to complete our negotiations asap and he is one who says he is interested.
Larry L Davis said:
Hi everyone, Just a quick question… I just received an inquiry from a representative of the Springfield Oil Co. interested in leasing or purchasing our mineral rights in Weld County. Has anyone heard of this company or anyone had any similar inquiries?? Please let me know… Thanks, Larry
Thanks for the responses. I was contacted by Wayne Mundt. Phone number is 605 which is South Dakota. Checked on google for Springfield Oil and they are based in Hot Springs, SD…
W. Howard Pritchartt III said:
Find out where they are headquartered and I will see what I can find out..
Larry L Davis said:
Hi everyone, Just a quick question... I just received an inquiry from a representative of the Springfield Oil Co. interested in leasing or purchasing our mineral rights in Weld County. Has anyone heard of this company or anyone had any similar inquiries?? Please let me know.. Thanks, Larry
They have no website and I doubt they are incorporated. If they are incorporated the Secretary of State of South Dakota will have all of the corporate records including officers and agents. Smart money says they are lease buyers (landmen) not an actual oil exploration company.
Larry L Davis said:
Thanks for the responses. I was contacted by Wayne Mundt. Phone number is 605 which is South Dakota. Checked on google for Springfield Oil and they are based in Hot Springs, SD…
W. Howard Pritchartt III said:
Find out where they are headquartered and I will see what I can find out…
Larry L Davis said:
Hi everyone, Just a quick question… I just received an inquiry from a representative of the Springfield Oil Co. interested in leasing or purchasing our mineral rights in Weld County. Has anyone heard of this company or anyone had any similar inquiries?? Please let me know… Thanks, Larry
