Replies to This Discussion

Permalink Reply by Mister Sunday on October 3, 2018 at 22:47

Thank you Tootie Fruitie!

Permalink Reply by Kathy A. Pruitt on October 4, 2018 at 4:22

I thank you, too.  The second well was actually uncapped three days ago.  Info from XTO.

We should all soon be receiving Division Orders on second Keydets well as they will be underway drilling in approx. one month (also info from  XTO).

Looks like we might have a very Merry Christmas and a Happy New Year Keydets folks!

Kst

Permalink Reply by Chloe on October 8, 2018 at 17:52

Thank you!   Fruitie Tootie!!  :-)

Permalink Reply by Mister Sunday on October 6, 2018 at 6:13

I was just wondering why I didn't get anything for the gas that was sold in July.  It should have been enough to meet there minimum $100 for them to cut a check.

Permalink Reply by Rock Man on October 6, 2018 at 7:37

Sometimes there is a longer delay for operator to get gas revenues vs oil revenues.

Permalink Reply by Mister Sunday on October 8, 2018 at 8:21

Yeah, that's why there has always been a two month difference between the production report and the royalty check.

Permalink Reply by Kathy A. Pruitt on October 8, 2018 at 11:48

XTO told me they pay royalties every third month. 

Kat

Permalink Reply by Mister Sunday on October 9, 2018 at 6:07

I've been getting mine every month.  Except when they stopped production for whatever reason.

Permalink Reply by Skip Peel - Mineral Consultant on October 9, 2018 at 7:28

Operators have payment policies regarding minimum monthly amounts.  If for example it is $100 then someone with a small interest may get a check every three months while someone with a larger interest may get a check every month.  A small interest in an older well with minimal production might get one check a year.  Just ask your operator what their policy is.

Permalink Reply by Mister Sunday on October 9, 2018 at 9:20

I know it's $100 with XTO.  I also know that the reported production for July easily beat that

Permalink Reply by Kathy A. Pruitt on October 9, 2018 at 10:06

XTO just uncapped Keydets last week.  It has been capped because they were drilling another well on the same platform.

Permalink Reply by Skip Peel - Mineral Consultant on October 9, 2018 at 10:15

It is common practice to shut in adjacent wells prior to fracture stimulation. Communication between wells can cause problems. There are numerous instances of frac hits on nearby wells in Texas and Oklahoma. Operating companies have come up with creative drilling and completion designs to protect "parent" wells from the adverse effect of "child" wells.

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