Replies to This Discussion

Permalink Reply by Skip Peel - Mineral Consultant on September 2, 2019 at 1:04

Nancy, the well in Section 8 is the third Saratoga Chalk well drilled by Roxanna Acadia, LLC in that area.  These are oil wells.  Click on the six digit serial number and you can view the well file for each well.  It is my opinion that these are "prescription" wells drilled to hold in force existing leases or the preserve mineral servitudes.

Organization Id	Organization Name
R4663	ROXANNA ACADIA, LLC

Cnt	Well Serial	Well Name	Well Num	Status	Class	Class Type	API Number	Org ID	Field ID	Permit Date	Sec-Town-Rng	Parish	LUW Association
1	251139	OLYMPIA MINERALS	001	10			17085225050000	R4663	7309	03-JUL-18	021-06N-11W	43	GO TO LUW INFO	7032
2	251600	OLYMPIA MINERALS	002	10			17085225350000	R4663	7309	06-MAR-19	022-06N-11W	43	GO TO LUW INFO	7000
3	251912	OLYMPIA MINERALS	003	01			17085225450000	R4663	7309	21-AUG-19	009-06N-11W	43	GO TO LUW INFO	6800

Permalink Reply by Nancy T6N R11W S8 on September 2, 2019 at 3:31

Stupid question, but....   I am presuming by your answer there's nothing in this for the people living by it?

Permalink Reply by Nancy T6N R11W S8 on September 2, 2019 at 3:40

And thank you so much for your response - I was trying to do some research last night and it was overwhelming!

Were they suppose to notify people living around it as to the construction or anything?

Permalink Reply by Two Dogs, Pirate on September 2, 2019 at 4:33

Are you leased to anyone?

Permalink Reply by Nancy T6N R11W S8 on September 2, 2019 at 4:38

No. We just found out it was there late last night

Permalink Reply by Skip Peel - Mineral Consultant on September 2, 2019 at 5:12

These are lease wells as opposed to unit wells so mineral interests directly under the wells would be the only ones to share in any royalty.  I think that Olympia Minerals owns a mineral servitude.  I think these are wells meant to reset the ten year prescriptive period and maintain the servitude ownership.  These three wells are the only ones that appear in the SONRIS database for Roxanna Acadia and they are drilled by Brammer Engineering.

Permalink Reply by Nancy T6N R11W S8 on September 2, 2019 at 6:04

Thank  you so much for the info, sorry it wasn't better news! LOL!

Permalink Reply by Skip Peel - Mineral Consultant on September 2, 2019 at 6:08

I'm waiting for Olympia Minerals to drill a horizontal Saratoga Chalk well.  Then we can all get excited!

Permalink Reply by Quarter Royalty on September 3, 2019 at 4:14

These are all horizontal Saratoga Chalk wells.

Permalink Reply by Skip Peel - Mineral Consultant on September 3, 2019 at 4:23

Thanks for the correction, Phil.  Yes, they are horizontal completions.  Would you happen to know anything regarding the completion design?

Permalink Reply by Mark Hughston on October 9, 2019 at 8:30

As you know Skip, Olympia is a mineral owner and is not set up to drill wells. The ownership is passive and have no mechanism to drill. We just lease to good folks and hope they are successful. Our success has been in being a friendly cooperative mineral owner that does not try to be greedy on lease terms at all. The Olympia ownership is more interested in seeing drilling than it is in being greedy on bonus and lease terms. Call me sometime and I will tell you the story of how Olympia Minerals came about.  Hope all is well,  take care, Mark H

Permalink Reply by Mark Hughston on October 9, 2019 at 8:25

Skip,  these are not servitude preserving wells.  call me if you want to discuss  this is an active play with great early results  Roxanna is a great group with a great project and over 20K of our minerals under lease as well as others

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