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Permalink Reply by Bill R on March 25, 2011 at 9:09

Okay... at last we have royalty monies in the bank for Red River 35  1H....

 

Still haven't seen a D.O. from Cabot on the other two, I heard there are issues with getting all of the owners addresses, but that was a rumor from one of my Uncles out there. Got some words of encouragement from the Landmen working for Cabot, they said things will be happening soon and that, "it will be a very good year for the Whittons and other owners in San Augustine this year..."

 

Permalink Reply by Bill R on March 25, 2011 at 9:12

P.S.  Red River 35 was completed in August 2010... we just now got a check!

Permalink Reply by RBH on March 26, 2011 at 12:48

 

Red River 35 #1 was a Common Resources, LLC well acquired by Exco and completed by Exco with production on Texas Railroad Commission website:

Date	GW Gas (MCF)		Condensate (BBL)		Operator Name	Operator No.	Field Name	Field No.
	Production	Disposition	Production	Disposition
Aug 2010	242,043	242,043	0	0	EXCO OPERATING COMPANY, LP	256915	CARTHAGE (HAYNESVILLE SHALE)	16032300
Sep 2010	260,109	260,109	0	0
Oct 2010	253,521	253,521	0	0
Nov 2010	203,774	203,774	0	0
Dec 2010	169,131	169,131	0	0
Jan 2011	139,294	139,294	0	0
Total	1,267,872	1,267,872

Permalink Reply by Bill R on March 26, 2011 at 19:03

Yep, it was originally to be drilled by Common Resources in a deal with Cabot (they leased it from us) and then acquired by EXCO in another deal with Cabot, who retained a % of the well.

Been a VERY interesting process of learning on our part. All in all it is great feeling to actually receive a royalty check that wasn't based on four or five zero's after the decimal point.... This one had only two!!!!

 

The other wells we have in the area should hopefully all be the same and at the same I.P. or better I hope!

 

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