Replies to This Discussion

Permalink Reply by Mike Fulper on October 10, 2014 at 2:15am

compressed gas

Permalink Reply by James Vanderink on October 9, 2014 at 1:35pm

Mike, I thought this is what you were getting at. Not really new tech, but new for the Utica oil window. With many interests in west Guernsey I bet the GE/Devon Energy venture may have something to do with what's happening there. Remember all that old columbia gas transmission acreage.

Permalink Reply by James Vanderink on October 9, 2014 at 1:52pm

Sorry.... link



http://www.ugcenter.com/Technology/GE-Devon-Collaborate-Unconventio...

Permalink Reply by bo boboski on October 24, 2014 at 2:08am

What's the lastest news on the NCD3 wells? fracked? flared? I.P. test? Compressed gas?

Permalink Reply by bo boboski on October 25, 2014 at 1:49am

Did the put a gag order on Mike?

Permalink Reply by Joe Yurina on October 25, 2014 at 5:31am

Last I heard; Mike & Faye were going to Hawaii when their first check arrived. Gosh, maybe he was serious, but cannot confirm.  NCD3 wells have been a long time coming, hopefully great royalties & rewards for all the Cubbison Rd landowners in this unit. 

Permalink Reply by Mike Fulper on October 25, 2014 at 12:16pm

When I saw so many oil tankers going out.. I gagged :) All is done.. nothing more to do on NCD3... They dropped straws...2 inch pipe down 63000 feet to bottom and now using compressed gas to blow oil up to top.... saves resivoir pressure...

Too many down days in this first 90 days of production.. and they so not much

GAS down there ?  weird..

Probably be Jan Feb Check on OIL.. before we can tell what the pad is doing

But with oil dropping to maybe $30 a barrel.. don't think weez gonna be able to retire

We will keep you all updated when there is any info....

im suppose to get some info by the end of OCT.... as per how the pad is

doing....hang in there

Permalink Reply by Donald Fogg on October 27, 2014 at 7:40am

what well is the NCD3. I received division orders on the Kamm unit. Thanks

Permalink Reply by Mike Fulper on October 27, 2014 at 10:11am

The division order you got then says NCD3 near the top

Same as Kamm

What leg are you on.. the south leg ?

Mike

Permalink Reply by Mike Fulper on October 27, 2014 at 10:21am

Under PROPERTY DESCRIPTION   to the right....

has the LATERAL # and NCD3 in parenthesis....

Doesn't say KAMM anywhere on your divisIon order...

We are on 580010 and 580011...you must be on 580035 ?

The DECIMAL interest may have you unhappy... it is CORRECT..

It is NOT your % of royaltie by itself..

What they do is...

They take your Royalty interest.. in our case....17.5% and multiply it by

your LAND % in the UNIT.... in our case.. one is 3.71% of the Unit land...

SO.....YOU DO IT THIS WAY......   .175 times .371...LOOK AGAIN

.175 times .371.. and THAT figure is MULIPLIED BY your 'interest"  in your

MINERALS... IF YOU OWN ALL OF YOUR MINERALS.. you use the # ONE..

if you only own HALF of your minerals... YOU would then multiply the DECIMAL point you got.. by  .. point 5.. OR   .5

Very simple....

Most people use 17.5% times 3.71%  AND THAT WONT WORK...

your DECIMAL point is accurate im sure....

If you still don't quite understand.   let me know...

Mike

Permalink Reply by Donald Fogg on October 27, 2014 at 3:00pm

0-580010(NCDC3H1) I'm on the north side of 313

Permalink Reply by Mike Fulper on October 29, 2014 at 10:20am

580010 is a loooooooooooong laterl... 5300 some feet

Should pay some good royalties.. ever if someone has small acerage

OK I see your parcel now on our paperwork

1.84%  .....but that will still pay you a fair amount....:)

that lateral is suppose to be putting out a lot of oil/condensate

good for you....

You will be getting a check for GAS only.. about Nov 12-15th

Then a Gas and Oil check in Dec about the same time...

Sure wish time would fly on this deal...:)

Mike

Mike

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