landowner

STATED POTENTIAL

I'm in sec24 14n 15w desoto parish on sonris web site the information is that they are waiting on stated potential on my section.Do any one on this forum know what that terminologly mean?I Would appreciate if someone would tell me what that mean.

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on March 22, 2012 at 5:56

State Potential refers to a state-mandated flow test required to assign an allowable production rate for the well.  The test is witnessed by a field inspector with the Louisiana Office of Conservation.


Oil & Gas ProPermalink Reply by Les Bamburg on March 22, 2012 at 7:42

Malcolm, the well has likely already been flow tested and placed on production.  "Waiting on State Potential" generally means they are just waiting to get the official paper work from the State.  

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