Is it normal for well information to NOT be updated for over 30 days? I'm watching well # 240450 which is still waiting on "state potential" since 5/20....Skip.. Les..anyone?
Bobi, the operators are still trying to determine the optimum number of frac stages for each area but the trend is definitely up. The goal is to generate better economics by the incremental net revenue exceeding the incremental frac cost.
I would like this info for ser# 239976. this well was completed in Feb but I have not received a divison order or any infrom from Cheasapeask or Petrohawk.
Thank for your help
Mac, potentialed just means the intial well test has been performed and the proper form submitted to the State. Once received and approved, the State will assign an allowable for the unit which is typically the same value as the well potential test.
for many of us, the long delays with no update on Sonris is frustrating. Not complaining about Conservation - they have always been among the best state employees I've ever dealt with, and i lived in 6 states since leaving La 20 years ago. But I'm following 2 wells in particular - one was completed in March, but the completion info wasn't posted until May, and it began producing in March. Have not yet received a division order from CHK, and no production data has been posted as of yet. The other well indicates drilling was completed in March (seems to be my magic month), but nothing posted since then. Hard to believe that the well hasn't been fraced yet.
As to the Division Order, an on-the-ground landman in DeSoto Parish (I live on the West Coast) told me that the lawyer shortage was so bad that operators have divorce lawyers doing division order title opinions. Scary, really scary.
Sonris is the ultimate, no other state has anything close. It will take a few months to get your royalty money and the first check will hopefully be a big one.