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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on August 7, 2019 at 10:12

The Roxanna Acadia wells are not unitized.  They are "lease wells".  Since Olympia appears to own all the minerals in those sections we may see Roxanna Acadia form Voluntary Units (VUA) if more than one well is needed to drain a section.

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Oil & Gas ProPermalink Reply by phoenix on August 7, 2019 at 10:34

Ok thank you very much.  Do you know what the unit sizes would be on other lands, i.e. 1 or 2 per section.  Does not look like a  long horizontal leg.

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on August 7, 2019 at 10:38

Drilling units in north Louisiana are geographic (based on governmental sections) so I would suspect any drilling units formed to be +/- 640 acres.  That would happen if the play spreads and Roxanna Acadia or some other company chooses to form compulsory units so that they can "force pool".  There is no need to do that in sections where Olympia holds all the mineral rights.

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Oil & Gas ProPermalink Reply by phoenix on August 7, 2019 at 11:05

Again, Thank You

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