Replies to This Discussion

Permalink Reply by jffree1 on May 21, 2010 at 9:47

The rig was gone last Friday so I imagine it's in line for frac and completion. Maybe XTO will finally report some of their wells after the XOM deal gets done in late June.

Permalink Reply by gassed on May 23, 2010 at 9:20

word is its a good one,and thefirst part of june fracking will begin

Permalink Reply by gassed on May 26, 2010 at 13:53

can anyone tell me if the unit changed from 490 acres to 703 acres or just another rumor.......

Permalink Reply by Bayou Shaler on May 26, 2010 at 14:05

I don't see any changes since the 490 acres on the RRC website.

Permalink Reply by ogmladvisor on May 27, 2010 at 8:45

Units are formed by filing at the County Clerk's office, not the RRC. The Butler-Rooney Gas Unit No. 1H is 703.30 acres.

Permalink Reply by jffree1 on May 27, 2010 at 8:55

But an amended unit plat will appear on RRC... eventually.

Permalink Reply by adubu on May 27, 2010 at 10:13

Not necessarily that it will appear on RRC. Those in the P-12 list will know when they receive DOs of total acres in the unit.

Permalink Reply by gassed on May 27, 2010 at 10:37

good to know.... why would a unit be changed from 490 to 703? any particular reason?

Permalink Reply by James L. Williams on May 27, 2010 at 12:53

A good guess would be that they want to HBP as much acreage as possible. Typically the maximum possible size is 640 acres plus 10%, or 704 acres.

Permalink Reply by DJG on May 27, 2010 at 14:38

Seems to be pretty standard procedure. O&G will often get the permit approved and even commence drilling while they are still working on getting additional acreage leased. Once the full acreage is leased and (usually) before the well's production is released for sale, they will put in a new permit with the revised acreage set as close to that 704 limit as possible.

O&G then has the benefit of holding a larger amount of acreage with that one well.

Mineral owners individual interest in each well in the unit ends being diluted by the large unit size but, in theory at least, it would balance out in the long run as the larger unit would generally allow for more wells in the unit to be produced.

As long as the O&G does continue with the in-fill production plans and not just get one well going and then hold the acreage HBP indefinately it could even be benificial to be diversified over more wells in the long run.

Permalink Reply by ledlights on July 30, 2010 at 8:05

My experience is for the unit size stated on DOs to not necessarily be terribly accurate - usually in the right ball park but sometimes hardly exact - most off I've seen in my own was about 30 acres. What's your experience?

Permalink Reply by Bayou Shaler on May 27, 2010 at 12:31

I hope you're right really old guy. Because my place is "really" close by.

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