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Use these links to view the completion data on the four wells. The links will not last forever so save them to your favorites if you care to keep them.
https://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo...
https://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo...
https://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo...
https://sonlite.dnr.state.la.us/sundown/cart_prod/cart_con_wellinfo...
They all look like normal, long lateral Haynesville wells. Of course, the production will be allocated across the three sections (units). SU57 is Section 21, SUK is Section 16 and SUI is Section 9. You'll have to check each well to see the allocation percentage.
LEASE\UNIT\WELL ASSOCIATION HISTORY
EFFECTIVE DATE | END DATE | LUW CODE | LUW TYPE | LUW NAME | REPORTING PCT | PRIMARY LUW FLAG |
---|---|---|---|---|---|---|
04/29/2023 | 618481 | 2-UNIT | HA RA SU57; | 39.58 | Y | |
04/29/2023 | 615731 | 2-UNIT | HA RA SUK; | 42.38 | N | |
04/29/2023 | 615822 | 2-UNIT | HA RA SUI; | 18.04 | N |
The total well production is allocated to each section based on the percentages shown on the SONRIS Well Scout. In the example that I posted 39.58% would be allocated to your Section 21. 42.38 percent would be allocated to Section 16 and 18.04 percent to Section 9. Your eight digit decimal interest in Unit HA RA SU57 would be reduced by .3958 for the production on this one well. You are only paid on the portion of the lateral that lies in Section 21. Yes, these are good wells. I just wish the price of natural gas was higher.
More of the well production would be allocated to Section 16 but .4238 would still be applied to the unit decimal for each of the royalty lessors in that section. Each unit gets its share of the production volume and each mineral owner within that unit has their royalty paid based on their unit decimal. You will see this math reflected on the royalty statement.
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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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