Replies to This Discussion

landownerPermalink Reply by Henry on June 3, 2010 at 0:08

Just Interested,
Many sections around you in 8N-12W (Sections 1-12, 17-18, and 20) have been unitized by SWEPI/EnCana.

landownerPermalink Reply by Just Interested on June 29, 2010 at 5:02

What does that mean?? I know petrohawk has leased in my section.

Permalink Reply by J P Sanders on June 3, 2010 at 15:15

Relative has 40 acres in sec 10 T8N R11W. Believe they are drilling in this section presently. Could someone in area please confirm as I do not live in area. Relative has been approached with offer of 20% royalty, 3k bonus per acre. Please help. Is this a good offer? Had heard bonus money was upwards of 10k per acre in northwest la. What gives?

Oil & Gas ProPermalink Reply by Les Bamburg on June 3, 2010 at 15:26

JP, the following well is currently being drilled according to the latest information. Because you are close to the southern edge on most companies' maps I am not sure I would expect $10k/acre but 25% royalty should be a reasonable target.

Ensign #150 Rig, EnCana, Olympia Minerals 10 #H1 Well, Serial #241095, S10-T8N-R11W

Permalink Reply by J P Sanders on June 3, 2010 at 15:39

Les B, Thank you very, very much. Any additional information you come by would be appreciated.

JP

landownerPermalink Reply by GERRY RAINS on June 15, 2010 at 7:30

Any updated word on drilling on sec.18,twn 09n, rge 11w? As of 04/30/10, drilling was completed. Typically, how long to finish fracing?

Oil & Gas ProPermalink Reply by Les Bamburg on June 15, 2010 at 15:59

Gerry, it only takes 7-10 days to fracture stimulate and complete a well but Shell may be waiting for pipeline and treating infrastructure to be installed before intiating completion operations.

landownerPermalink Reply by GERRY RAINS on June 17, 2010 at 10:51

THANK YOU!

landownerPermalink Reply by Lalla Allen on June 22, 2010 at 15:27

Has anyone received any royalties yet? If so, how much per acre?

Permalink Reply by Gambler on June 22, 2010 at 16:01

not yet they told me i would sometime around the middle of July i would receive my first check... i will keep you posted.

landownerPermalink Reply by GERRY RAINS on June 25, 2010 at 4:28

WHERE is your well? When was it completed?

Permalink Reply by Gambler on June 25, 2010 at 6:39

it was potentialed in May of 2010. it is in sec 4 9n r11w well serial #239985

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