Well Reports

Hey Martin. (I graduated from Watonga in 1974). In short, there is no difference between a Permit to Drill and Intent to Drill (Form 1000). Interchangeable vernacular. This is filed AFTER a Spacing Order has been obtained for the desired formations. The preferred formations may have been spaced many, many years ago. Sometimes concurrent with the Intent. An Intent can’t be granted for a specific formation until that formation has been spaced. The caveat, in the absence of spacing, the well can be drilled on a “lease basis”. No need to go into that here. Intents to drill are good for a period of 180 days and can be re-newed.

As per OCC regulations, completion reports are to be filed within 180 days of first production, but variances can be and are granted. The completion report is full of information about the production, pressures, choke size, all taken at any particular point in after the well is completed. Most of the time this is after fracking has occurred, but doesn’t have to be. These numbers should be taken with a grain of salt because the layman doesn’t know all the particulars of when this data is gathered. There is other information on the completion report (Form 1002-A) that will show unit size, surface & bottom hole locations, and other regulatory information as per the OCC. The answer to “spectralguy55” about gas liquids (condensate)- they are measured in gallons.

Hope this helps. “GO EAGLES”.

Todd M. Baker