Replies to This Discussion

Permalink Reply by Phillip H on July 25, 2011 at 13:28

 jffree I just found out today my land is in the unit by the platt when can you expect the Division Orders you are talking about?

Permalink Reply by jffree1 on May 16, 2011 at 5:50

Nomac rig #60 was moving on last Friday.

Permalink Reply by CGooch on July 22, 2011 at 18:11

Has this been completed?  Can't seem to find any information on this.

Permalink Reply by jffree1 on July 25, 2011 at 1:38

It's finished drilling but still has to be fracked and tied in to a pipeline.

Permalink Reply by Phillip H on July 25, 2011 at 13:37

jffree I replyed above but I'll repeat it here I just found out that my land is in the unit by the platt when can I expect the  Division Orders you are talking about?

Permalink Reply by jffree1 on July 25, 2011 at 14:35

Phillip, It could still be several months.  The rule says royalties should be paid by 120 days from the end of the month of first production.  The well may not be completed to sales for another 2-3 months (hopefully less) and then you have at least another 4 months to wait.  They can also go past 120 days and pay interest on the royalties due if there is a problem proving title on the unit tracts.  If you are lucky, you may have a check by Christmas.

Permalink Reply by Phillip H on July 25, 2011 at 15:57

 Thats cool with me I've waited almost three years a few more months wont make any difference just glad I got on a unit. I'll be a reaguler on here again I haven't been on here much because there wasn't much going on in my part of Sabine Co.                                       Thanks jffree

Permalink Reply by jffree1 on July 25, 2011 at 17:13

You're welcome and I'm happy for your good fortune.  Let's hope you get a monster well.

Permalink Reply by Phillip H on July 26, 2011 at 5:20

 Heck yea I had figured they were going to let the lease run out to lease at a lower price maybe it will be a monster!

Permalink Reply by Phillip H on July 26, 2011 at 15:24

 Ok I have a question on the platt there are 3 circles

West Spoon GU SBN 1H P.U.P.P.

West Spoon GU SBN 1H P.S.H.L.

West Spoon GU SBN 1H P.B.H.L.

 Is this 3 wells???

Permalink Reply by jffree1 on July 26, 2011 at 16:35

No, those indicate the surface location, penetration point (of the formation) and bottom hole location of the well bore.

Permalink Reply by Phillip H on July 27, 2011 at 0:27

Ok you lost me witch one is witch?

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