Lease Held by Production? Or by Anything at All?
Article republished with permission from OklahomaMinerals.com
With the flurry of both drilling and leasing currently permeating the SCOOP/STACK/MERGE plays of Oklahoma, some of the biggest questions asked by all involved usually are as follows: (1) Are the minerals leased? (2) If so, are they held by production? and (3) If older production or an older well, how much production?
Understanding Spacing in Oklahoma
At Oseberg, we think differently. Nowhere does this apply more than to the data we collect, the reasons we have chosen to collect it, and how we present it to our users. Well spacing is an excellent example of this.
While the concept of well spacing exists everywhere, it is enacted in a unique way in Oklahoma. The high-level (what we call “headline”) attributes related to spacing that most data companies provide do not always paint the full picture.