Expert: Frederick M. - 7/4/2009

Question
I have a mineral deed to land located at (NE-1/4) of Section 20, Township 8 North, Range 19, Washita County Oklahoma. Is there any production drilling going on in that area? Do you know if there ever will be?

Answer
Mark, there is no current production in Section 20, or any of the surrounding sections. Most of the currently producing wells in the area are to the north of your minerals by several miles. The further north (and east) you go, the more wells there are. Yours are on the southern edge of that "play" however, and so are certainly not "goat pasture."

Most of the wells to the north are between 13,000 and 15,000 feet deep; producing from the Granite Wash formation.

I can't tell you whether there will ever be any production in your section 20. You could hire a geologist or petroleum engineer and get their opinion.

There are no recent permits to drill issued for any of the sections in 8N-19W near Sentinel, OK. Most are to the north.

If you're looking to make money from these, selling them might be a better option than waiting for a well to be drilled.

If you want to sell them I can get your minerals in front of some good buyers. Not sure what they'd pay, or if they'd even want them, but my guess (and that's all it is) would be they're worth between $750 and $1500 per acre, and that assumes there's no underground fault or something just north of you that would trap the gas on the "north side" of your minerals.

If I can be of further help please contact me directly at scottminerals@aol.com

Thanks,

Frederick M. "Mick" Scott CMM