I am wondering about a new well that looks to be located in Township 157 Range 94 Section 14 or 23. Does anyone have information about this well? I have a small interest in the 1280 grouping that includes these two sections? I have thought about selling my interest but probably will hang on to it if this new well would affect my interest. Thanks
I think the 1102 in the name denotes Sections 11 and 2 and that just the wellhead will be in Section 14. The oil will be drained from Sections 11, 2 and the owners there will receive the royalty. The three wells in the spacing just south of you have done a lot better although still not great. I won’t tell you not to sell but you should keep in mind that the buyer is only going to pay a percentage of what he thinks the current wells will pay over time, to assure his profit, he might pay you 1/3 of what you might receive in royalty over time, probably less. Any future wells will be free to him. Just saying.