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Permalink Reply by Skip Peel - Mineral Consultant on January 3, 2013 at 11:38

The following well was completed in Section 31 -9N - 11W in May, 2011 by EnCana.

242477 JUR RA SUL; Martin Timber 31 H #1 - EnCana USA

COMPLETED 5-1-11; GAS; JURASSIC RA; 21,369 MCFD; 24/64 CHOKE; 996 BWD; FP THRU CASING; 8056# CP; PERFS 14,029-18,532' MD

LEASE\UNIT\WELL PRODUCTION

RPT DATE	LUW CODE			WELL CNT		OIL PROD(BBL)	GAS PROD(MCF)			PARISH
10/01/2012	616863			1		0	31978			SABINE
09/01/2012	616863			1		0	34649			SABINE
08/01/2012	616863			1		0	46819			SABINE
07/01/2012	616863			1		0	52180			SABINE
06/01/2012	616863			1		0	55761			SABINE
05/01/2012	616863			1		0	68813			SABINE
04/01/2012	616863			1			70643			SABINE
03/01/2012	616863			1		0	95317			SABINE
02/01/2012	616863			1		0	105468			SABINE
01/01/2012	616863			1		0	136299			SABINE
12/01/2011	616863			1		0	165072			SABINE
11/01/2011	616863			1		0	144344			SABINE
10/01/2011	616863			1		0	219200			SABINE
09/01/2011	616863			1		0	226800			SABINE
08/01/2011	616863			1		0	294869			SABINE
07/01/2011	616863			1		0	312840			SABINE
06/01/2011	616863			1		0	332464			SABINE
05/01/2011	616863			1		0	367914			SABINE

 

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Permalink Reply by James W Funk on January 4, 2013 at 2:33

Skip, thank you for the information.  I have 140 acres that I own tied up here, but have heard nothing since signing the lease.  As I am in Indiana, kind of hard to keep track.   If I read this correctly, we have a well which holds the lease, but there has been no production, am I correct?    How long could this situation go on, or are we stuck for years not being able to lease again, but also getting no income?

I truly appreciate your input.

 

 

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Permalink Reply by Skip Peel - Mineral Consultant on January 4, 2013 at 2:58

James, there has been 20 months of production (18 reported to date as shown above).  You are owed for production to date of about 3 billion cubic feet of gas.  You need to contact Chesapeake to see why you have not been paid on this well. 

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Permalink Reply by James W Funk on January 4, 2013 at 3:07

Thanks, was reading wrong, saw all of the -0-  as opposed to the production column.  we will follow up.

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Permalink Reply by James W Funk on January 4, 2013 at 3:18

Skip, as I noted I am here in Indiana.  We own 680 acres scattered around in Sabine Parish.   Some is leased, some is not.   Could I work with you on a consulting fee basis to determine if anything his happening on other two leases, and to determine what may be going on or planned for our other areas.   Two big areas are between Zwolle and Many off the "Old Many Road" and I note some activity on the West of Many.

Under lease we also have property in Sect 35 of 8-14 and the lease was extended last year with Franks Perto.

I need someone who can keep be posted as to activity, or maybe represent us to proposed companies for lease.

 

Jim

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Permalink Reply by Skip Peel - Mineral Consultant on January 4, 2013 at 3:23

James, send me a "friend request".  After I accept you will be able to view the information on My Page including my private email address. 

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