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re: Mississippi, Louisiana border verging on an oil boom
Posted on 4/22/14 at 8:20 am to Crawdaddy
Posted on 4/22/14 at 8:20 am to Crawdaddy
Well cost have been around 15m but they are getting that down at a steady rate. "Core" areas are said to have around 3000+/- barrels per acre.
About the water... I know of one well where they drilled water wells and dug a water tank. They told the land owner that they would sell the water pumped from the well and tank to other wells and he would make royalties from that also.
About the water... I know of one well where they drilled water wells and dug a water tank. They told the land owner that they would sell the water pumped from the well and tank to other wells and he would make royalties from that also.
1
Posted on 4/22/14 at 8:30 am to FelicianaTigerfan
quote:
About the water... I know of one well where they drilled water wells and dug a water tank. They told the land owner that they would sell the water pumped from the well and tank to other wells and he would make royalties from that also.
Does the standard South Louisiana lease form (Bath 6) or North LA form specifically grant the right to drill a water well, or is it implied as part of operations? I know it specifies the right to dispose of produced water.
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