Does anyone have any information on the Morshieser 5H well?
The ODNR shows 12 days of production in the first quarter. My lease terms are payment by the 30th of the month following the month of sale and it is now been over 4 months. I've never been contacted by CHK, the well driller and operator or Enervest the lease holder with regard to this well. ODNR shows my name and property on the permit and plat so unless the well was only drilled to half it's planned length I should be in the unit.
It appears my lease has been broken unless they haven't sold any of the oil and gas yet. How do I find that out?
Most of the leases in this area are old Cinton leases like mine so there may be others in the same boat.
To Dexter's question: the Cairn well began payment 2 months after production started, which seemed reasonable to me. Assuming the 12 days of 1st qtr production from the Morshieser well were in March, then it has been over 4 months since production began and no royalty.
To John's question: the decline is quick at first and then levels off some. From the peak month the royalty dropped by 40% the following month, by another 20% that first year and down another 20% now at almost 2 years out (total of 80% drop from peak)
I don't know how many days of production went into each check. I assumed the first check was a partial month so not really comparable. There seems to be a bit of variation in checks with: days of production, where the sale date falls and what the sale price was for the oil and gas. I think it just worked out that my highest check was the 3rd one. Two months ago there was no royalty at all for gas then it was back to a near normal level last month.
Brian Werner
To John's question: the decline is quick at first and then levels off some. From the peak month the royalty dropped by 40% the following month, by another 20% that first year and down another 20% now at almost 2 years out (total of 80% drop from peak)
Aug 8, 2014
Brian Werner
Aug 8, 2014
Judith Kohout
Aug 23, 2016