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Published byNoora Palo Modified over 5 years ago
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2.0 Acre ML6 Canadian CANADIAN COUNTY, OK, 06-14N-9W & 07-14N-9W
1280 GROSS ACRES, 2.0 NET MINERAL ACRES 1/8 ROYALTY INTEREST Institutional Mineral Properties for Individual Investors!
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Overview Property Details Net Mineral Acres: 2.0 Gross Acres: ~1280.00
Of the 7.7 Acres Gross Acres: ~ Lease Royalty: 1/8 (12.5%) Section Interest: ~ % Operator: Devon Energy Canadian County 06-14N-9W & 07-14N-9W PRODUCING WELLS: 1 ALIG IP: 910 BOE ( ~1 Mile Lateral) NEW WELLS: 7 Permits Approved on 9/7-17/2018 All new wells have ~2 Mile Laterals ML 6_7-14N-9W 4HX (WOODFORD) Spud 9/16/18 ML 6_7-14N-9W 5HX (MISSISSIPPIAN) Spud 10/31/18 ML 6_7-14N-9W 6HX (WOODFORD) Spud 10/17/18 ML 6_7-14N-9W 7HX (MISSISSIPPIAN) Spud 9/21/18 ML 6_7-14N-9W 9HX (WOODFORD) Spud 11/22/18 ML 6_7-14N-9W 10HX (MISSISSIPPIAN) Spud 10/17/18 ML 6_7-14N-9W 11HX (WOODFORD) Spud 11/15/18 Revenue expected to begin on 7 new wells in Sept-Oct ‘19 High Density Drilling: Increased Density Approval for 9 wells filed 8/14/2018
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Mineral Property Benefits
Map of Fields, County & Unit Forced Pooling – All mineral owners receive their share of all the oil and gas revenue produced from their unit. Mineral Property Benefits Paid First Before WI & ORRI No liabilities for operations No Expenses for; Drilling, Completing, Operating or Reworking Depletion allowance 15% Tax Free Income Income Producing Property Active Market ~1280 Acre Producing Unit Canadian County Producing Wells New Producing Wells The maps are for illustration purposes. The maps are for illustration purposes.
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Increased Density Application Approved August 14, 2018
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PERMITS
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Spud Date
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