So our property has finally been put into a proposed unit.  The hearing for the Withey NE and NW units are scheduled with the Ohio DNR in December.  Based on other units in the area, if the schedule is similar, royalty checks should start to come in within the next 12-18 months.  What should I being doing to prepare?  Are there steps that I can take to reduce our tax burden?  Also, I have heard many people on this site state that you should never sell your mineral interest.  However, I have received what I consider a good offer of $17,000 per acre on a 17% no deduction lease.  If we were to sell we would only sell 25%-50%.  Should I get an oil/gas appraisal for the property and what should I expect to get from that as a result?  A lot of questions, and there are probably some important ones that I haven't even considered.  Any input/advice would be appreciated.  Thanks.

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(Just to record this process for anyone that may be in a similar situation in the future.)  The Chief's Order has been issued on the Withey NE and NW units and Ascent plans to start drilling in the 3rd quarter of 2026.  Ascent plans to drill two laterals per unit each being approximately 3 miles in length.  The best offers I have received to sell my minerals is a solid $17,000 per acre and a tentative offer of $17,500 per acre by another company.  After talking to several members on this site, we are choosing not to sell any of our mineral rights at this time.  I'll make updates to this post as things progress.  If anyone has any advice/recommendations I welcome your input.  

Thanks

David,

My Unit in Tuscarawas, Ohio,  Rush Township is in a WET GAS area which I believe yours is as well. It also has 4 Wells total. I have 15% with no deductions.

The 1st check in July 2024 I received $3,662.00 an acre/month. Four months later is was $653.00 an acre/month. One Year later it was $323.00 an acre/month.  Every month since my first check it has gone down drastically because it is WET GAS and there is a drastic decline curve compared to a Dry Gas Well. They say even though it declines rapidly that eventually it will stabilize and be more steady for years to come compared to other types of wells. I am still waiting for the stabilization 18 months later.

fwiw, Tuscarawas County is in the condensate window, and it appears the edge of what is productive, thus the high initial production and the steep decline.  David's acreage is in the wet gas window, where the condensate production is much lower, and drops off even faster, but produces much more gas and ngls which also decline, but is fairly productive even a year in for nearby wells.  It looks like they might be installing new pumps as mentioned elsewhere, thus Q3 production was only 48 days. Q4 will likely be a bit higher.  

Kambe, Thanks for the clarification on where David's Wells are located. When you said 'It looks like they might be installing new pumps" what Units or Areas are you referring this to be happening? I missed any mention in other threads about new pumps.

The Sproul Units I believe.  I can't find the mention of EOG installing new pumps on former Encino wells, but it was from a poster that should know.  I should have made it clear that this is just speculation on my part, but it just makes sense as to why the production days were limited and it does not look like they are drilling new wells on the pad.

I thought that you might be talking about the Sproul Unit. EOG stopped production for 7-8 weeks while they drilled a new Unit next to the Sproul for obvious reasons. Start up has been very slow with 1 of the 4 wells not really having any production so to speak.

I have done some general research that says when they start up wells again they choke them off a bit to start them slowly over a few months so they are preserved. Or sometimes water can get into a well or it can be mechanical problems at startup. I also read that there are limited pipelines or ways to get the product to the production facility and that the Producers will choked back also for this reason and allow the New Unit O & G to go first cuz there is so much of it. I really can't get any answers from EOG.

But the numbers I gave in my earlier post was BEFORE all of this occurred so it is worse now, shockingly so.

Any thoughts or input would be appreciated.

Lets wait and see when they release the numbers in a few weeks.  fingers crossed for you.

well, they've changed the well mapper and it looks like Q4 production has been posted.  from what I can see, not good.  Hope there is an explanation.

I had mentioned before, but may have deleted it the post and or response.  EOG was having power upgraded so they can install 3 phase power/ pumps at the existing EAP wells.  It was in one of the investor things but I couldnt find exactly the benefit of the three phase pumps or style of them.  

thanks, they claim that the pumps are better.  I guess we will see.

Thanks to all of you for your responses - I really appreciate it.  This is a journey that so many of us didn't anticipate 15 years ago and it has the potential to be such a huge portion of our financial future.  I'm trying to learn as much as I can and still feel there is so much left to learn.  I especially appreciate you sharing hard numbers from your personal experience Dott.  I hope things stabilize for you quickly and that your wells continue to produce for decades to come.  I'll keep posting as significant milestones occur with the Withey wells in hopes that this can be useful to others in the future.  Thanks again.

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