David, being new to the oil business maybe either you or one of the other experts can answer a question for me. On the Hearing Docket for October 22 there is Case #10551, a request from Marathon for developing an oil and/or gas pool, etc. What does that mean? Thanks
On Sep 30, 4:47 am, David <[EMAIL PROTECTED]> wrote: > Yesterday's 9/28/08 daily activity report was especially interesting > because it includes initial production information (ip) for a large > number of wells by many different drillers in the state including > several EOG wells just off confidential. > Linkhttps://www.dmr.nd.gov/oilgas/dailyindex.asp > > Of the wells listed the first place goes to EOG drilled Austin 26 in > SE Austin with an official ip of 3070 bopd. > > The silver medallian goes to EOG's School 16 on the south side of > Parshall TWP bringing in an official ip of 1721 bopd. > > On the other end we now know for sure that, sadly, Behm's Edwards 1 > was not a producer. > > We have producing wells coming in as low as 17 and 30 bopd. I wonder > how many of the wells coming in at 100 bopd or less will still be in > production a year from now..It takes 3-4 bopd I think just to cover > the costs of pump operation already in place. > > Can anyone tell me exactly what is going on with 17058 Shell Creek > State 1 01 drlled as a second well in 1 152 90 (Parshall TWP up by the > primary already producing "Long" well in that section). I know it was > scheduled to be a test well of some sort.The report says they drilled > to 13,459 ft into the Winnepeg formation, but apparently has not been > put into production. > > For those of you with EOG holes drilled awaiting the pooling hearing > for your section, a bunch of these are scheduled to take place on > October 23rd in Bismarck. Check the Oct 23rd hearing dockets page on > the dmr site, as this was just posted yesterday > . > Figure a minimum of 2-3 months from the hearing date to when a royalty > check shows up in your mailbox. :-) > > Those of you with a pooling hearing scheduled October 23rd should > receive legal papers within a few days I would think telling you the > official hearing has been scheduled and you can show up if in Bismarck > you are unhappy with the pooling scheme (not that it would do any > good, LOL).You can also listen in on the hearing live via the Web > starting at 9 AM on the scheduled hearing day. Most of this is routine > and if no owners are present to complain about something, the hearing > goes smoothly and very quickly. But occasionally someone wanders in to > raise an interesting issue. > After the hearing, the last step is for the title owners to do one > final check on who owns the mineral interest in each section, to make > absolutely certain there are no errors when the checks are cut. The > companies take extraordinary steps to assure the accuracy when they > get nearly to the check cutting stage, and that is why this seems to > take a little longer than it otherwise might. By the time you get your > first check,your well will likely have been producing for sale for > nearly 6 months. > The first check usually includes royalty payments for the first 2-3 > months of production combined. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Bakken Shale Discussion" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/bakken-shale-discussion?hl=en -~----------~----~----~----~------~----~------~--~---
