Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on January 27, 2022 at 4:29

I suspect that the reason is related to these three new wells which were recently turned to sales in late November.  Congratulations.

240215	HA RA SUEE;ROLLERT 23-12-13 H	001	8996	C441	16
252685	HA RA SUEE;PORTER23&14-12-13HC	001-ALT	8996	C441	16
252686	HA RA SUEE;PORTER23&14-12-13HC	002-ALT	8996	C441	16
252687	HA RA SUEE;PORTER23&14-12-13HC	003-ALT	8996	C441	16

• ▶ Reply

Permalink Reply by SL on January 27, 2022 at 8:39

But, why would the production $ go up for Roller? 

• ▶ Reply

Permalink Reply by Skip Peel - Mineral Consultant on January 27, 2022 at 8:51

Forget the well names.  Wells are named for the surface owner of the well site.  Look instead at the unit designation, HA RA SUEE.  Rollert is the original unit well and the three Porter wells are alternate unit wells.  In this case the first unit that the perforated lateral penetrates is Section 23 so although there are two units, SUEE is listed for the well names.  A mineral lessor in Section 23 would only receive royalty on production from the linear feet of lateral in that section for the three new wells, not that in Section 14.

• ▶ Reply