Replies to This Discussion

Permalink Reply by Les Bamburg on August 24, 2011 at 3:45

Cassie, the following is the monthly production information from Sonris in thousand cubic feet (Mcf) of natural gas.

 

Mar, 2010    365,257 Mcf 
Apr, 2010    364,037 Mcf 
May, 2010   167,672 Mcf 
Jun, 2010     225,813 Mcf 
Jul, 2010      48,994 Mcf  
Aug, 2010    218 Mcf 
Total            1,171,991 Mcf

 

Forest does not have another permitted well in your section but they do have one drilling rig working in the area.

Permalink Reply by Cassie on August 24, 2011 at 11:06

 I knew that Les B, my question was why have they not fixed it and why did they repay us for a well that they have chose to leave offline for a year. Thanks for responding though, I do appreciate it.

Permalink Reply by Two Dogs, Pirate on August 24, 2011 at 11:18

That was probably a shut-in payment.

Permalink Reply by Cassie on August 26, 2011 at 8:46

They told me it was a bonus payment for the 2 year option since it was a non producing well at the end of the original 3 year lease and that they had to pay it to be able to go in and fix the frac line to get back online. What is a shutin payment?