Replies to This Discussion

landownerPermalink Reply by Doug Fitzgerald on March 18, 2010 at 14:36

The derrick was raised at 5:30 pm this eve. it IS Rowan rig # 35 I can see it good from my house !!!!

Permalink Reply by jffree1 on March 18, 2010 at 15:21

Thanks Doug for your great reports.

Permalink Reply by Larry Mathews on March 26, 2010 at 1:45

Do you have mineral rights and been contacted by a landman?

landownerPermalink Reply by Doug Fitzgerald on March 26, 2010 at 2:01

This unit don't include my land. I leased to EOG almost 2 years ago way too cheap!!!!! We do have 6 acres in EW Brown at Denning that is unleased. Holding out for good money on that !!!!!!!

Permalink Reply by Larry Mathews on March 26, 2010 at 2:12

I have a share of mineral rights on this and a landman sent me and my 3 sibilings a Ratification of Oil, Gas and Mineral Lease. I haven't signed anything yet and turned it over to a OG attorney look in to what my options are. If any one have similar experience with the process I would like to know.

landownerPermalink Reply by GHart on March 26, 2010 at 19:15

Larry,
A lease apparently exists that currently ties up your minerals. When taking leases, O&G companies are looking for the right to drill. When it comes time to drill or pay, they take a much closer look, have their attorney go over every little thing, to make SURE they own the rights. They don't want to spend 10mm $ drilling if they can't get their share of the return. So, when they run title, any new heirs to an old "title chain" need to ratify the existing lease so everyone is on the same page. They want "clear title" i.e. everyone involved agrees that they have the right to do this. But, getting an atty to look it over is smart.

Permalink Reply by Larry Mathews on June 16, 2010 at 6:34

Has anyone have any news on this well?

Permalink Reply by jffree1 on June 16, 2010 at 8:00

Larry, they finished drilling in mid-May so I would suspect that the well is in line waiting to frac and complete. Could be a couple of months before we hear anything, if all goes well. Maybe they will have it completed in time to announce when they hold their 2Q conference call.

landownerPermalink Reply by Steven Thornburgh on July 21, 2010 at 4:02

The frac is completed and this well is in production. It is right next door to our house.

Permalink Reply by Larry Mathews on July 21, 2010 at 4:37

Any idea on production rate?

landownerPermalink Reply by Steven Thornburgh on July 21, 2010 at 5:12

They are only allowed to run it at 14.5 due to pipeline restrictions, but we have been told that the well could produce much better than that.

Permalink Reply by Larry Mathews on July 21, 2010 at 5:21

I wonder how long before it pays out.

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