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the newsletter of the Panhandle Producers & Royalty Owners Association • Vol. LXXXV • No. 10
The no-list lizard
Could a court’s no-listing decision mean a
glimmer of hope to overturn the lesser
prairie chicken listing?
ast year, the U.S. Fish & Wildlife Service
The lizard is found in the Permian Basin
of West Texas and Southeastern New Mexico. It’s habit of burrowing into sand dunes
put it on the candidate list. A conservation
plan developed by the Permian Basin Petroleum Association satisfied the court. A similar
plan offered by industries impacted by the
lesser prairie chicken was favorably reviewed
by the USFWS, but didn’t forestall the bird
being put on the threatened species list.
But, the lizard ruling may strengthen two
suits against the wildlife service from oil and
gas companies in north central Oklahoma and
the Permian Basin area.
Both suits assert that the Service did not
provide enough comment time before last
year’s deadline and also ignored the scientific
findings about bird populations embodied in
the four-state rangewide plan, which PPROA
helped draft.
Court observers have said that the two
suits will likely be combined and moved to a
U.S. District Court in Virginia, not known to
oppose Fish & Wildlife listing decisions.
After the court ruling on the lizard, Dr.
Benjamin Tuggle, Southwest Regional Director of the U.S. Fish and Wildlife Service (the
Southwest Region contains New Mexico and
Texas), told National Public Radio,
“Whenever you talk about big gas and oil
and you talk about a listed species, particularly a reptile – a little-bitty lizard – there’s al-
L
moved to list the sand dunes lizard as an en-
dangered species. Early in October, a D.C. district
court ruled that it’s not necessary. The ruling could
lead to a similar view of the lesser prairie chicken.
NEW BOARD MEMBERS
Currie Smith
Tascosa H.S., 1982
Univ. of TX, BS Economics, 1986
President, ACS-ODS Co.
Wife, Jussen, two
children
Bill Aikman
Tascosa H.S., 2000
WTAMU BS AgEconomics, 2005
President, Tascosa Land
nResources
Wife, Edee, three children
IN THE PIPELINE
The no-list lizard?........................................ 1
New board members .................................. 1
From the wellhead ...................................... 2
A heartfelt farewell ...................................... 3
Linn sells to FourPoint ................................ 4
Gas production up, methane down ............. 4
Industry objects to USFW plan ................... 5
Case note .................................................... 6
Markets ....................................................... 6
Permanent school fund reaches $34B ....... 8
Quote ........................................................ 10
RRC: Every other rig is in Texas .............. 10
cont’d on page 5
Break even? What “break even?” ........... 10
Annual Christmas party ............................ 12
Locations .................................................. 14
Permits ..................................................... 15
Monthly stats ............................................ 16
2
I hope you’re planning to attend the annual Christmas party at
the Amarillo Country Club Dec 4. This has become a fun tradition for the Association; a chance to mingle with your colleagues in a relaxed holiday atmosphere. Please RSVP if you’re
planning to attend. We need a good head count by Nov. 24.
• • •
Just when we thought all the feathers had stopped flying over
the lesser prairie chicken, we find out there’s another endangered bird in our future: the yellow-bellied cuckoo, better
known as the “rain crow” to folks on the High Plains. It has
about the same historic range as the chicken and will have the
PPROA President
same potential for irritating us and complicating our business
Greg Graham
lives. Just as we were in the middle of the lpc fight, we’ll be
all in for this one. There is some faint hope that the Fish & Wildlife Service’s decision to not list the dunes sagebrush lizard, may give us a little
relief. Don’t get your hopes up too high though.
• • •
As we all heard at the convention, water is going to be our number one challenge in the upcoming Texas legislative session. We’re getting ready for that
fight by using the sharpest weapon we have: the facts. You’re fortunate to be
represented on the Board of Directors by Todd Lovett, reservoir engineer for
Mewbourne, who is very knowledgeable about water use by the oil and gas business. I’ll bet we’ll be using Todd a lot during the legislative session on
bills that could potentially single out our industry for special restrictions. If you need information to counter the myths you hear about our
water use, please get in touch with Todd. He’s well-armed with the facts.
• • •
Hydraulic fracturing myths won out over facts in Denton on election day. Voters overwhelmingly voted to ban drilling within their city limits in large
part because myths were repeated often enough that they became true in the
minds of the voters. Now, the stage is set for a classic battle in the
courts. The company who holds the permits in the Denton City limits will
likely file for drilling permits. If they’re not allowed to proceed because
of the city ordinance, then they have a case for an illegal “taking.” We live
in interesting times.
• • •
Merry Christmas and Happy New Year!
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4
Linn sells to FourPoint,
Sabine joins Forest
Houston-based Linn energy sold its assets in the
eastern Panhandle to FourPoint, an affiliate of
EnerVest in early October, pocketing $1.95 billion.
The transaction included 145,000 acres of leases which
produce about 195MM/cf of gas a day, according to an
EnerVest news release. The properties are in Roberts,
Hemphill and Wheeler counties and bordering counties
in Oklahoma. It also sold interests in the Permian Basin. The sale freed up cash that allowed Linn to pick up
assets from Devon Energy.
Linn reportedly retained production it had purchased from Huber about five years ago.
Mark Ellis, CEO of Linn said that one of the company’s goals for ‘14 was to maximize value of the Midland and Granite Wash assets.
Enervest reports about $10 billion in proved or
probable reserves in 15 states, according to a story in
the Amarillo Globe News Oct. 4 edition. The company
has picked up more than $600,000 in reserves in the
Anadarko Basin of the western Panhandle and western
Oklahoma.
EnerVest spokesman Ron Whitmire said the expansion could continue as the company is looking to make
other acquisitons in the area, Whitmire said.
The Texas panhandle transaction was effective 9/1
and should be wrapped up by the end of the year.
Sabine to merge with Forest
Sabine Oil and Gas has announced a merger with
Houston-based Forest, which holds about 51,000 acres
in the Panhandle. Sabine will spearhead the new combination which will keep the Sabine moniker.
Forests share holders will add approximatly 26 percent share of Sabine’s parent, Sabine Investor Holdings. Forest, prominent in the Perryton area, will hold
a vote by shareholders to approve the transaction Nov.
20.
Assuming the deal clicks, Forest will issue shares
for Sabine entities to bank according to a proxy statement filed with the SEC.
In ‘13, Forest sold almost $1 billion in Panhandle
assets, most natural gas and liquids to Templar Energy.
EID - Gas production up,
methane emissions down
Still image of an EID presentation on gas and methane production on
the Internet at https://www.youtube.com/watch?v=VK8z5TMUT8&feature=youtu.be
The anti-fracking camp has long tried to
push the debunked claim that methane leakage from natural gas systems cancels out
its clear environmental benefits. The reality,
however, is that methane emissions have
been falling – even as natural gas production has increased several fold. Our new
cont’d on page 9
5
lizard, cont’d from page 1
ways the opportunity for cynicism.
There’s always the opportunity to
say that big government is coming
in and trying to tell us what to do,
and being over-officious and regulatory. I think this is a classic example, a monumental example, of
when people sit down, talk to one
another, communicate what it is
that they need to continue the economic development on a landscape, and have an opportunity to
listen to what it is that needs to
take place on that landscape to
protect species of this ilk. When
they get together and can reach
agreement then it works. So there
isn’t this situation where the government is being dictatorial. It
very much is a collaborative process that everybody gets something out of. We very much would
like to see that take place because
it creates less of a polarizing situation between people that are trying
to make a living on the landscape
and the resources, particularly the
species and habitat that are dependent on that same landscape.”
The court’s decision also has
very important implications for
states, landowners, businesses, and
non-governmental organizations
across the country that are involved in efforts to conserve endangered species with innovative
conservation initiatives, especially
those initiatives that are designed
to keep species from being listed.
Hopefully with the decision more
states will feel emboldened and
confident to chart their own path
forward on the Endangered Species Act. If this happens, there
may finally be movement towards
substantive reform of the Act that
is more successful for species,
states, landowners, federal government, regulated community, and
non-governmental groups.
Teri Williams
Nick Asher
Matthew Williams
Matthew Meagher
Meagher Energy
Advisors
Greenwood Village
Lincoln Foster
Galt Oil & Gas
Amarillo
Dan Norman
royalty owner
Canyon
(correction from Sept.- Oct issue)
William Ford
Hollis Sullivan
Josh Luig
Houston Sullivan
Veritas Energy, LLC
Ft. Worth
Industry objects
to USFW plan to
add unoccupied
lands to potential
habitat list
The Independent Petroleum Association of America, along with
more than a dozen petroleum advocacy groups, has responded to
a U.S. Fish & Wildlife Service plan
to extend the boundaries of endangered habitats for all listed
species.
The comments were in response
to the Fish and Wildlife Services’
proposal to amend current definitions of destruction or diverse
modification of habitats.
In the response to the USFWS announcement, IPAA posited that
the Services are “claiming for
themselves two new authorities
under he ESA that they have not
previously claimed were present
there.”
According the IPAA letter to the
USFWS, which PPROA co-signed,
Lynn Neff
Blake Charles
Megaen Birdwell
Bob Tidwell
Don Tidwell
Momentum Operating
Albany
the Fish and Wildlife Services are
laying claim to environments
which have physical and biological features essential to a given
species. IPAA also objected to
the USFW having the power to
make changes in the habitat in
order to make it more attractive to
a species that is already occupying adjacent territory.
“Under the proposed language,”
IPAA noted, “the Services state
that they will be able to designate
‘areas that do not yet have the
features or degraded or successional areas that once had the
features or areas that contain
sources of or provide the processes that maintain the features as
areas essential to the conservation
of the protected species.”
The Association also noted that
the proposed rule change would
allow the Fish and Wildlife Services to “peer deep into the future
and set aside areas a critical habitat that are not essential presently
to incur the conservation of a species but that may become so at
some unspecified date in the future, depending on a variety of
factors.”
6
PanAmerican Operating, Inc. v.
Maud Smith Estate, 409 S.W.3d
168 (Tex. App.—El Paso 2013,
pet. denied), held that an independent landman’s apparent authority
and the company’s failure to
promptly repudiate an oil and gas
lease made the lease binding on the
company. PanAmerican Operating, Inc. (“PanAm”) hired landmen
as independent contractors, including Robert Wormser (“Wormser”).
PanAm provided Wormser with a
cubicle, an office landline, a company email domain name, and the
president of PanAm knew exactly
what Wormser was doing on behalf
of PanAm. Wormser contacted
William Elder (“Elder”), the attorney responsible for negotiating
leases on behalf of the Maud Smith
Estate (“Maud”), to negotiate a
lease on Maud’s property for
PanAm. Wormser identified himself as a PanAm representative, but
never disclosed that he was an independent contractor. Wormser
and Elder agreed on terms, and
Wormser sent Elder a form lease
from his PanAm email account.
On June 2, 2008, Elder accepted
and emailed a copy of the signed
lease to Wormser and asked for the
lease bonus. On July 21, 2008,
Elder sent the original lease to
PanAm. On August 12, 2008,
PanAm acknowledged receipt of
the lease. After the price of oil
dropped precipitously, PanAm asserted that Wormser had no authority to execute leases on its behalf.
Apparently, PanAm dodged the
payment questions from Elder for
about three months before repudiating the validity of the lease, and
PanAm’s possession of the lease
prevented Maud from leasing to a
third party. Maud sued PanAm for
breach of contract based on failure
to pay the lease bonus. The issues
on appeal were whether Wormser
held the apparent authority to bind
PanAm and whether PanAm ratified
the lease by failing to timely repudiate the lease.
“Apparent authority arises when
a principal either knowingly permits
its agent to hold himself out as having authority or acts with such a
lack of ordinary care as to clothe its
agent with indicia of authority.”
Silence may also constitute a manifestation of apparent authority. It
was undisputed that Wormser had
authority to obtain leases on Pancont’d on page 7
7
Casenote cont’d from page 6
Am’s behalf and to negotiate on
PanAm’s behalf. The court held
that a reasonably prudent person
would have believed Wormser possessed the authority to contract on
PanAm’s behalf because PanAm
acted with “such a lack of ordinary
care as to clothe Wormser with indicia of authority.”
“Ratification is the adoption or
confirmation, by a party with actual
knowledge of all material facts, of
a prior act that did not then legally
bind that party and which that party
had a right to repudiate.” “A party
ratifies a contract by acting under
it, performing under it, or affirmatively acknowledging it.” PanAm
knew all the material facts surrounding Wormser’s acquisition of
the lease, and “by keeping the lease
and failing to repudiate it when
presented with the opportunity to
do so, [PanAm] affirmatively
acknowledged its validity, thereby
ratifying it.” PanAm argued there
was no clear evidence PanAm intended to ratify the lease. The
court dismissed this argument because Maud was only required to
demonstrate that PanAm performed an “intentional act that was
inconsistent with any intention to
avoid the lease.” The “intent may
be inferred from the acceptance of
benefits under the lease after having full knowledge of the act that
would make the lease voidable.”
The benefit PanAm received was
obtaining a signed lease without
having to pay until PanAm determined if honoring the lease made
economic sense. Therefore,
PanAm ratified the lease by failing
to repudiate after obtaining sufficient knowledge of the facts.
The significance of this case is
that it highlights the risk in failing
to promptly repudiate a lease or a
contract to lease. The industry frequently uses contract landmen and
the facts in this case were particularly bad for PanAm. But the issues about authority can arise in a
more narrow context, such as the
specific business points (bonus,
royalty, term) in a lease, other
lease provisions, or the lease form
itself. Such issues would be more
common than a complete repudiation of authority, but the landman’s
apparent authority and the company’s acquiescence will be equally
important on those issues.
Jeff McCarn may be contacted at
(806) 345-6340 or [email protected]
8
Permanent school fund reaches $34 billion
From Texas Alliance of Energy
Producers Newsline, Oct. ‘14 used with permission.
Booming oil and gas activity
on state lands has led to a record
$1.26 billion going to a fund to
help support K-12 public education, state officials recently said.
The fiscal 2014 total crushes all
previous yearly amounts going to
the Permanent School Fund, said
Jim Suydam, a spokesman for the
Texas General Land Office (GLO).
The GLO, which manages state
lands, attributed the record amount
to the rapid increase in shale drilling on state lands. The state properties include acreage in West Texas’ Permian Basin, the Barnett
Shale of North Texas and smaller
acreage in the Eagle Ford Shale. It
also includes off-shore leases and
royalties that extend 10.3 nautical
miles offshore, Suydam said.
The money earned on state
lands comes from oil and gas royalties, lease rentals, bonuses and other sources.
Lease income on state lands
rose more than 6.53 percent in 2014
from the year before, while lease
bonus income jumped by 86 percent compared with 2013, the GLO
said.
Private companies competed
“to outbid each other for access to
Permanent School Fund lands that
previously were of marginal value,”
Suydam said. Hydraulic fracturing
and new horizontal drilling techniques are opening such properties
to profitable oil and gas development.
Also, revenue from the
GLO’s investments totaled $461
million, up 71 percent over fiscal
2013.
“Oil and gas have been very
good for public education in Texas, but we’re really starting to see
the fruits of our efforts to diversify out income stream,” Land
Commissioner Jerry Patterson
said in a statement
The Permanent School fund is
now valued at more than $34 billion, but only the fund’s interest
income can be spent.
Interest earned on the fund is
distributed by the State Board of
Education to school districts in
Texas on a per-pupil basis, according to the General land Office’s website.
99
EID, cont’d from page 4
video, embedded above, highlights that fact
with additional clarity.
Indeed, data from the U.S. Environmental
Protection Agency (EPA) clearly show that as
shale gas production has grown by 400 percent since 2008, methane emissions from natural gas systems have actually decreased by
13.3 percent.
As the EPA states, these significant decreases in methane emissions are due to
“voluntary reductions” by oil and gas producers, including the use of “green completions,”
which U.S. Energy Department Secretary Ernest Moniz highlighted in testimony before
Congress last year. As he observed:
“More than half I believe now of the current
frack jobs are so-called green completions,
where the methane is captured and is for economic benefit.”
This is in addition to the fact that cheap
natural gas – made possible by shale development – is helping to slash carbon dioxide
emissions in the United States.
So it should come as little surprise that
EPA administrator Gina McCarthy recently stated: “Responsible development of natural gas is an important part of our work to
curb climate change.”
Check out EID’s new video – “Methane
Emissions Decline as Shale Gas Production
Skyrockets” – to learn more.
10
RRC: Every other rig is in
Texas
“Shallow water wells penetrating
Fruitland and Menefee coalbeds
around the Basin rim have historically produced methane gas. Especially notable in La Plata County,
Colorado, are seeps at the northern
and western rim of the San Juan Basin. Known gas seeps include the
Carbon Junction area where the
Animas River crosses the Fruitland
Formation. At this location methane
and hydrogen sulfide seeps were
commonly recognized as early as
the 1930’s (Amoco, 1996). Local residents noted as early as 1920 that a
‘rotten egg smell’ is being emitted
from the Carbon Junction Area”
Bureau of Land Management report
1999
Bankers are warning that the proposed changes to the lease accounting system could significantly
change a borrower’s balance sheet
and debt ratio, which would worsen
the financial ratios and cause a company to be in violation of its agreement with their bank, outside creditor or investor.
Meredith Morgan Tipton
Permian Basin Oil and Gas
July 2014
Rising employment in the oil and
gas industry has increased competition for an already limited highly
skilled workforce and has caused
talent shortages, challenges in succession planning and higher turnover rates as companies resort to
poaching talent from one another.
Melissa Hooper
E&P Magazine
October 2014
The Texas average rig count as of October 24,
was 904, representing about 49 percent of all active
land rigs in the United States. In the last 12 months,
total Texas reported production was 836 million barrels of oil and 7.9 trillion cubic feet of natural gas.
The Railroad Commission of Texas’ estimated
final production for August 2014 is 81,453,587 barrels of crude oil and 524,273,594 Mcf (thousand cubic feet) of gas well gas.
The Commission derives final production numbers by multiplying the preliminary August 2014
production totals of 69,204,407 barrels of crude oil
and 462,240,869 Mcf of gas well gas by a production adjustment factor of 1.1770 for crude oil and
1.1342 for gas well gas. (These production totals do
not include casing head gas or condensate.)
Texas natural gas storage reported to the Commission for September 2014 was 322,107,488 Mcf
compared to 416,204,766 Mcf in September 2013.
The October 2014 gas storage estimate is
349,186,878 Mcf.
The Commission’s Oil and Gas Division set initial November 2014 natural gas production allowables for prorated fields in the state to meet market
demand of 7,783,449 Mcf (thousand cubic feet). In
setting the initial November 2014 allowables, the
Commission used historical production figures from
previous months, producers’ demand forecasts for
the coming month, and adjusted the figures based on
well capability. These initial allowables will be adjusted after actual production for November 2014 is
reported.
Break even: what “break even?”
The Wall Street Journal ran an article with the above graphic
10/30, predicting that the $80 range for crude prices in the
Texas Panhandle constitutes a “break even” point that will
influence how many wells will be drilled. The permit count on
Page 14 is at a record rate for the year.
11
12
12
13
14
Active Drilling Locations By County - Dist. 10
Texas Panhandle/western OK, SW KS - 10/28/14 RigData, Inc.
Beaver
Unit Texas
Unit
Beckham
Cactus
Cactus
Cactus
Cactus
Helmerich
Latshaw
Latshaw
Patterson
Sidewinder
Unit
Apache
EnerVest
Linn
Linn
Devon
EnerVest
EnerVest
EnerVest
EnerVest
EnerVest
Atlas
Kenai
Nabors
Patterson
Patterson
Patterson
Trinidad
Trinidad
Unit
Unit
PPP
EOG
PPP
Apache
Le Norman
Mewbourne
Chesapeake
Jones
Crawley
Strat
Kenai
Kenai
Amarillo Expl.
Bright Horizon
Deen
MCG
Titan
Unit
Roberts
Eagle Harper
Stephens
Unit
Nabors
Continental Trend
Helmerich & Payne
LaMunyon
Nomac
Nomac
Nomac
Patterson
Patterson
Patterson
Patterson
Patterson
Power Rig
Precision
Unit
Unit
Unit
Unit
Unit Texas
Unit Texas
Voyager
Devon
Le Norman
Le Norman
Le Norman
Le Norman
Le Norman
Le Norman
Mewbourne
Mewbourne
Mewbourne
Jones
ConocoPhillips
Apache
Unit
Unit
Unit
Le Norman
Unit
4P
Meade
Cactus
Frontier
Horizon Energy
Latshaw
Nabors
Patterson
Patterson
Trinidad
Trinidad
Trinidad
Unit
Unit
Unit Texas
Texas American
Texas American
Le Norman
Midstates
Samson
Mewbourne
Mewbourne
Apache
Apache
Courson
Chaparral
Chaparral
Encino
Aquila
Tomcat
Apache
Arrow
Atlas
Cactus
Patterson
Patterson
Spradling
Le Norman
Apache
Apache
Apache
Adams
Kenai
Nabors
Nabors
Patterson
Pioneer Energy
Unit
Unit
Unit Texas
Unit Texas
Sabine
Sabine
Sabine
Mewbourne
Linn
Texakoma
Unit
Latigo
Unit
Cactus
Cactus
Helmerich
Latshaw
Nabors
Nabors
Nabors
Nabors
Patterson
Patterson
Trinidad
Trinidad
Unit
Unit
Apache
Apache
Apache
EnerVest
Apache
Apache
Chesapeake
Sand Ridge
Apache
Mewbourne
Chesapeake
Chesapeake
Apache
Samson
Tomcat
Raydon
Saxson
Merit
Tomcat
Unit
Caerus
Breit Burn
Cactus
Cactus
Nabors
Nomac
Nomac
Nomac
Linn
Sanquine
Apache
Chesapeake
Chesapeake
Chesapeake
Roberts
Hemphill
Upland
Apache
Le Norman
Apache
Mewbourne
Jones
Jones
Jones
Jones
Apache
Jones
Jones
Kaiser-Francis
Pantera
Potter
Hartley
Atlas
Cactus
Nomac
Patterson
Patterson
Power Rig
Power Rig
Power Rig
Power Rig
Trinidad
Trinidad
Trinidad
Unit Texas
Zenith
Oldham
Hansford
Lipscomb
O'Brien
Ochiltree
Ellis
Hardeman
Duke
Moore
Roger Mills
Seward
Stevens
Texas
Wheeler
Data provided by RigData.com
15
Drilling Permits By County - Dist. 10
9/30/14 – 10/30/14 DrillingInfo.com
Operator
Hansford
Le Norman
Hemphill
Pantera
Jones
Jones
Jones
Samson
Mewbourne
Remnant
Jones
Range
Momentum
Arrow
Midstates
Apache
Jones
Tex. Am.
Jones
Jones
Jones
Hutchinson
Pantera
PG-M
Chesapeake
Lipscomb
PG-M
Apache
Remnant
Jones
Apache
PG-M
Mewbourne
Courson
4p Energy
EOG
Pantera
Moore
Cimarex
Jones
Pantera
Pantera
Tex. Am.
Pantera
Chesapeake
Mewbourne
Pantera
Pantera
Pantera
Pantera
Pantera
Kaiser-Francis
Chaparral
SGP
Davis
Lime rock
Apache
Wadi
Wadi
Wadi
Bp
Lease
Date
TD
Hattie
10/22
7,000
Hand
Nix
Nix
Nix
Mathers
Moore
Marshall
Agnes
Humphreys
Lockhart
Washita
Shell
Shaller
Urschel
Kritser
Urschel
Urschel
Isaacs
10/27
10/1
10/1
10/1
10/7
10/8
10/9
10/9
10/16
10/16
10/24
10/27
10/27
10/28
10/29
10/29
10/28
10/29
9,000
9,000
9,000
9,000
8,500
10,500
9,000
9,000
9,000
9,000
12,000
12,000
9,300
9,000
9,000
9,000
9,000
10,920
Dial
Dial
Dial
10/23
10/29
10/1
3,500
3,500
3,500
Rogers
Swezy
Hager
Doyle
Wright
Meier
Jones
Peterson
Dorsey
Brainard
Lubbock
10/3
10/1
10/3
10/24
10/3
10/9
10/10
10/10
10/10
10/21
10/28
8,000
8,000
9,000
9,000
9,000
8,500
8,400
8,000
11,400
9,000
9,000
Reeves
Meinhardt
Meinhardt
Smith m
Smith
Smith
Thompson
Ward
Cox
Allen
Taylor
Taylor
Taylor
Masterson
Donaldson
Masterson
Spurlock
Spurlock
Bivins
Bivins
Bivins
Bivins
Avery
10/23
10/1
10/1
10/1
10/1
10/2
10/2
10/3
10/3
10/3
10/3
10/3
10/3
10/10
10/6
10/10
10/13
10/21
10/17
10/17
10/17
10/17
10/27
3,550
3,300
3,300
3,300
3,300
3,300
2,300
3,300
3,300
3,400
3,300
3,300
3,300
2,500
3,200
2,500
4,000
4,000
2,500
2,500
2,500
2,500
3,350
Operator
Ochiltree
Unit
Encino
Pantera
Adams
Linn
Apache
Mewbourne
Mewbourne
Courson
Sanguine
H&L
Adams
Chesapeake
Pantera
Linn
4p Energy
Mewbourne
Bright Horizon
Jones
Chaparral
Jones
Oldham
Wadi
Potter
Encino
Apache
Jones
Adams
Wadi
Wadi
Le Norman
Apache
Apache
Roberts
Mewbourne
Pantera
Remnant
Overflow
Mewbourne
Mewbourne
Chaparral
Momentum
Le Norman
Wheeler
Jones
Courson
Latigo
Apache
Adams
Apache
Adams
Mewbourne
Texakoma
Lenorman
Sabine
Mewbourne
Lease
Date
TD
Mekeel
Mekeel
Olmstead
Dickinson
O'dell
O'dell
Halliburton
Hoover
Swink
Bozeman
Price
Rogers
Odc 1107
Haley
Flathers
Conley
Lucy
Slavin
Dietrich
Hardy
Witt
10/1
10/1
10/1
10/3
10/3
10/3
10/7
10/7
10/8
10/8
10/8
10/10
10/10
10/10
10/13
10/13
10/13
10/24
10/27
10/27
10/29
8,000
8,000
7,300
7,500
7,000
7,000
8,000
7,600
7,500
7,000
7,500
7,600
9,000
7,000
8,500
8,000
9,000
7,190
8,000
13,000
7,200
Rift
10/20
10,000
Bivins
Bivins
Bivins
Masterson
Bivins
Bivins
Bivins
Bivins
Bivins
10/1
10/1
10/9
10/10
10/17
10/17
10/28
10/28
10/28
9,500
9,600
2,300
2,500
2,500
2,500
9,500
9,500
9,500
Waterfield
Courson
Chicken Creek
McGarraugh
Byrum
Kim
Killebrew
Parsell
Clark
10/1
10/6
10/10
10/9
10/3
10/22
10/8
10/17
10/29
10,115
7,500
5,800
7,500
11,000
12,000
10,696
8,500
11,000
Atherton
Dobson
Young
Naomi
Atherton
Atherton
Dobson
Morrison
Mcmordie
Martin
Boone
Coffee
10/9
10/3
10/8
10/9
10/9
10/3
10/15
9/12
9/11
9/19
9/19
9/8
16,000
13,484
12,397
13,650
16,000
14,000
13,499
8,000
10,600
10,000
9,000
10,500
16
PRSRT STD
U.S. POSTAGE
PPROA PIPELINE
3131 Bell St., Suite 209
Amarillo, TX 79106
(806) 352-5637
[email protected]
PAID
Permit No. 664
Amarillo, TX
Published ten times a year by the Panhandle Producers & Royalty Owners Association
OFFICERS
President
Greg Graham
Kismet Properties, Inc.
Past President
Doug Fisk
ValPoint Operating, LLC
Vice Presidents
Stacey Ladd
WBD Oil & Gas, Inc.
Todd Lovett
Mewbourne Oil Company
Secretary
Doug Saunders
Taylor/Herring Co.
Treasurer
Jeffery A. McCarn
Brown & Fortunato, PC
Monday thru
Friday
5:30 A.M.
The
Energy
Report
94.9/105.7 MHz
Monday - Friday
5:19/6:49/7:20
A.M.
PPROA underwrites
“Car Talk,” Saturday,
9:00 A.M. and
“This American Life,”
news from the
oil and gas
industry
online at pproa.org
RRC District 10 Production Data
August 2013 - July 2014
County
CARSON
Oil (BBL) CH Gas (MCF) GW Gas (MCF) Cond. (BBL)
200,388
1,213,230
11,333,872
8,407
10,566
0
0
0
COLLINGSWORTH 10,372
114,932
1,091,580
0
0
0
11,006
95
1,012,658
2,228,325
6,880,073
1,995
HANSFORD
174,180
917,695
12,372,144
17,506
HARTLEY
381,865
32,016
1,385,272
0
HEMPHILL
894,145
4,761,070
137,072,551
2,369,803
HUTCHINSON
670,896
3,698,341
6,047,563
13,884
1,990,135
19,170,214
40,677,108
1,244,115
269,983
1,715,887
26,755,060
3,715
OCHILTREE
6,280,946
30,934,383
15,765,483
491,212
OLDHAM
1,542,822
4,292,675
75,273
0
167,624
232,026
9,025,082
1,022
ROBERTS
2,140,657
13,106,276
52,308,604
979,787
SHERMAN
62,482
64,126
16,991,945
3,753
WHEELER
3,271,507
16,009,817
203,384,112
6,879,271
19,081,226
98,491,013
541,176,728
12,014,565
EXECUTIVE COMMITTEE
Preston Boyd
Valero Energy Corporation
Don Cameron
Cisco Energy LLC
Gene Gallegos
Unit Texas Drilling L.L.C.
Thomas G. Ladd
Laddex, Ltd.
D. Clay Holcomb
Kellerville Operating, LLC
Juanita M. Malecha
Pantera Energy Company
Scott Peeples
Fortay, Inc.
Bill Aikman
Tascosa Land Resources
Currie Smith
ACS-ODS Oil & Gas
CHILDRESS
STAFF
Wayne Hughes - Executive V.P.
Judy Stark - Deputy Executive V.P.
Cynthia Johnson - Office Manager
DONLEY
GRAY
LIPSCOMB
MOORE
POTTER
Total
source: http://webapps.rrc.state.tx.U.S./PDQ