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Permalink Reply by Skip Peel - Mineral Consultant on August 12, 2023 at 10:28

Cliff notes version.  The wells reached TD (Total Depth) on or about July 2 to 24.  The wellbores were conditioned and casing run and cemented.  The well heads are set and the rig has left.  The wells are drilled and Waiting On Completion.  There is no work order for the frac operations posted to the database at this time.  I doubt that Chesapeake is any great hurry to complete the wells and turn them to sales although I suspect that they will before the end of the year.  Better to get your royalty next year.  Good luck.

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Permalink Reply by Tar Heel on August 12, 2023 at 10:35

Thanks, Skip.  The areas that I have interest in don't seem to have been drilled that much and we haven't had a royalty check in many months.  The sections that we have are actually 27-13-12 (this well is an alternate for that section, I think) and 15-12-12.

Thanks again.  That isn't horrible news.

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Permalink Reply by Skip Peel - Mineral Consultant on August 12, 2023 at 10:40

You have good rock.  You will likely see full development over the coming years.  The price of natural gas may vary but the wells should be good.

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