Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on July 24, 2018 at 11:33

Click on the link above in blue.

Permalink Reply by CenturyMan on July 24, 2018 at 14:58

Thanks SP. Those are in the area or the old Eola Field (Petro Guard).

Permalink Reply by Skip Peel - Mineral Consultant on July 24, 2018 at 15:01

You're welcome, CenturyMan.  I'm ready to see some well permits and some rigs.  How about you?  :-)

Permalink Reply by CenturyMan on July 24, 2018 at 15:33

You bet!  All of these recent AC units are cropping up just N and E of me.  My thoughts are - let em wotk the bugs out on these, then come on over to me.  I will leave the gate open. Ha,

Permalink Reply by Rock Man on July 25, 2018 at 4:48

yes and no on Eagles Ranch owners - at least now they are getting some royalty cash flow. 

Over 96 MBO thru Feb 2018 - at $60 per BO and 25% royalty interest, this is still $1.44 MM of royalty money. Plus probably close to another $250,000 of royalty money for high Btu associated gas royalties.

Not too shabby.

Plus EOG can always come back into this area and drill future wells with improved approach and take advantage of the existing infrastructure and SWD.