Replies to This Discussion

Permalink Reply by Jack Blake on October 7, 2008 at 15:36

ty

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Permalink Reply by Skip Peel - Mineral Consultant on February 18, 2009 at 11:25

Petrohawk recently reported an average of 75 days. In the Chesapeake conference call today they reported an average of 90 days from spud to first sales.

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Permalink Reply by SL on February 18, 2009 at 11:36

I hate to ask a question like this, but what exactly does spud mean?

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Permalink Reply by Skip Peel - Mineral Consultant on February 18, 2009 at 11:41

SL. The spud date is the day that the drill bit touches the ground.

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Permalink Reply by SL on February 18, 2009 at 18:11

Thanks! I heard tonight they started moving a rig in on our section.

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Permalink Reply by The_Baron on February 19, 2009 at 4:43

or a potato....

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Permalink Reply by The_Baron on February 19, 2009 at 4:43

sorry, couldn't resist.

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Permalink Reply by Skip Peel - Mineral Consultant on February 18, 2009 at 11:57

mollybrown. Thanks but no apology necessary. I don't always catch all the discussions and can be contacted on my personal page by any member who might care to do so. For those who might be wondering how long after a well is completed and "turned to sales" before royalties are paid, approximately 90 days. So from spud to mail box money, approximately 6 months if there are no drilling or completion problems.

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Permalink Reply by Bob on February 19, 2009 at 9:29

they are moving a rig into my section as I type. So hoorah!. Hopefully 6 months = $$$

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Permalink Reply by SL on February 19, 2009 at 12:19

Great! What section? Who is drilling?

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Permalink Reply by BirdDawg, plain ole' idiot on February 19, 2009 at 16:43

Lee,
You seem to have so little helpful info to offer, why do you keep coming back?
Why don't you start your own website, then you can talk to yourself. That is about the only person I can think of that would care to hear from you. And then you would be the smartest son of a gun on there. (Like you seem to think you are on here). God bless that forsaken town you live in, at least your not down here.

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Permalink Reply by BirdDawg, plain ole' idiot on February 20, 2009 at 1:26

Wish you had some wisdon for us to soak up. By the way, if you are responding to me, you got the name wrong.

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