Replies to This Discussion

Permalink Reply by oil guy on April 28, 2010 at 4:15

SERIAL WELL NAME WELL NUM ORG ID FIELD PARISH PROD TYPE SEC TWN RGE EFFECTIVE DATE API NUM
240742 HA RA SUP;PEGGY SMITH RAY 4 H 001 E165 1843 41 00 004 13N 09W 01/22/2010 17081211170000
PRMT DATE SPUD DATE STAT DATE ST CD
01/22/2010 01/22/2010 01
WELL SURFACE COORDINATES Surface Longitude Surface Latitude Lambert X Lambert Y Ground Elevation Zone Datum
0-0-0 0-0-0 1753982 534728 189 N NAD-27
WELL SURFACE COORDINATES GENERATED BY DNR UTMX 83 UTMY 83 LONGITUDE 83 LATITUDE 83
472181.28487832 3555370.65538323 -93.29494758 32.13439542
BOTTOM HOLE COORD EFFECTIVE DATE END DATE PLUGBACK TOTAL DEPTH TRUE VERTICAL DEPTH MEASURED DEPTH LAT DEG LAT MIN LAT SEC LONG DEG LONG MIN LONG SEC COORDINATE SOURCE LAMBERT X LAMBERT Y ZONE COORDINATE SYSTEM
01/22/2010 12000 17000 0 0 0 0 0 0 02 1753687 539474 N 01
WELL HISTORY SERIAL WELL NAME WELL NUM ORG ID FIELD ST CD PT WELL CLASS EFF DATE END DATE STAT DATE
240742 HA RA SUP;PEGGY SMITH RAY 4 H 001 E165 1843 01 00 01/22/2010 01/22/2010
SCOUT INFO REPORT DATE WELL STATUS MEASURED DEPTH TRUE VERT DEPTH DETAIL
04/08/2010 05 7900 DRILLING
04/01/2010 05 4010 SQUEEZED 300 SX; DRILLING
03/26/2010 05 4000 SPUD 3-21-10; SET 10 3/4 TO 4000' W/ 875 SX
01/22/2010 01 17000 373' FSL & 2239' FEL OF SEC 4. PBHL: 330' FNL & 2310' FEL OF SEC 4.

Permalink Reply by Les Bamburg on April 28, 2010 at 4:15

Phillip, sorry to break the news but it may be a moot point. EnCana has spud a well in your section that will likely result in all acreage being held by production.

EnCana, Peggy Smith Ray 4 #H1 Well, Serial #240742, S4-T13N-R9W, Spud 3/21/10

Permalink Reply by Phillip Carter on April 28, 2010 at 8:19

Thank's for your response Les. Obviously not what I wanted to hear.

What is the difference between a lease and a bonus?

Permalink Reply by Henry on April 28, 2010 at 12:15

Phillip,
A lease is the contract that you and the gas company signed. It spells out the rules by which they may develop your mineral rights and sell the gas.

A bonus is the money the gas company paid you at the time you signed your lease. It is a one-time payment.

Once gas is sold, you will receive a royalty payment. The lease that you signed will stipulate your royalty rate.

Permalink Reply by Phillip Carter on April 29, 2010 at 2:15

Thanks Henry, I guess I should read up...