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re: CO Supreme Court rules against "local control" of the O&G industry
Posted on 5/2/16 at 12:13 pm to ColoradoAg03
Posted on 5/2/16 at 12:13 pm to ColoradoAg03
quote:
They can hit a basketball 10k ft down and nearly a mile away.
You have to factor in the Ellipse of Uncertainty too which can be very large if you're drilling near 90 degrees inclination at due east or west.
0
Posted on 5/2/16 at 12:41 pm to ColoradoAg03
quote:
When they pump oil out of the landowner's ground, how do they know it's not coming from under the neighbor's land?
For vertical wells, it's pretty easy and straight forward where the bottom hole location is relative to the surface hole location.
In Louisiana acreage is assigned to a well in the form of a unit. Each landowner with acreage in the unit will share in production from that well even if the well is not bottomed on their land. I've seen units as small as 20 acres and as large as 1280 acres for a single unit. Sometimes the whole reservoir will be pooled and drained by multiple wells. Such pooled units can be thousands of acres and the landowners (actually the mineral owners) will share from all wells on the basis of how many acre-feet their lands contribute to the pooled unit.
Posted on 5/2/16 at 12:54 pm to blueridgeTiger
quote:
In Louisiana acreage is assigned to a well in the form of a unit. Each landowner with acreage in the unit will share in production from that well even if the well is not bottomed on their land. I've seen units as small as 20 acres and as large as 1280 acres for a single unit. Sometimes the whole reservoir will be pooled and drained by multiple wells. Such pooled units can be thousands of acres and the landowners (actually the mineral owners) will share from all wells on the basis of how many acre-feet their lands contribute to the pooled unit.
Interesting way to allocate royalty/severance funds. I've never operated in LA. You don't even need to have operations touch your private surface or minerals to get some $$ from nearby production within the unit that you're in..
This post was edited on 5/2/16 at 12:55 pm
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