Comstock just completed 4 cuL wells, and I have a small interest in the unit. Each well has around 6,000 # pressure, and a potential of around 24-25K. All sounds good. Each well has a 32/64th choke. My question, and I’m sure it isn’t simple to answer, but does that 32/64th choke have the effect of reducing production or increasing production. Seems to me that a lot of other wells have a 16 or 24/64 choke, and I don’t know how the different size choke affects production.
Considering the current price of NG, I’d just as soon they limit production until the price goes back up.
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excellent. thank you.
PS note on this - in some situations, royalties are paid for flared gas.
This is addressed in the original lease that is signed.
I personally know of two instances of this - in Reeves Co (Permian Basin) with present day OXY lease and in Howard Co (Midland basin) with Bayswater operated wells (have been paying royalty for flared gas for month's due to lack of gas pipeline).
This all roots back to original lease an individual signs. Not a common clause - but never hurts to ask for it!
Thanks, Rock Man. And it never hurts to get professional help. Experienced O&G attorneys know how far to push lease terms based on the specifics of a mineral interest.
We always continue to say this but getting professional help on any O&G lease document is a mandatory issue in my opinion.
Even if one feels that they are "experts" on such documents.
A third party should have ideas on the latest trends and issues associated with such documents.
What you sign will be part of your estate FOREVER.
Secondary to getting professional help is being aware of the subsurface / O&G potential in one's area. I am not saying one has to be a geological or petroleum engineering expert, but having a basic knowledge of what is going on with one's minerals as to prospective zones, issues and historical results is always a big PLUS.
Just my opinion as always on all these issues.
Ditto.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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