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Dimmit County

Members: 31
Latest Activity: Oct 31

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Comment by Spearhead on June 30, 2013 at 8:31pm

Anyone in Dimmit Cty have an active lease or well?  If so would you mind sharing any details you're comfortable with?

Comment by Bryan on July 30, 2013 at 5:48pm

I have two wells that have been drilled and are scheduled to frac beginning Aug 26.  The frac has been delayed twice, once for simple schedule changes and a second time due to a bridge washout resulting from the recent floods.  Hopefully 3rd time's a charm!

Comment by Spearhead on July 30, 2013 at 5:51pm

Does Chesapeake have your lease?

Comment by Bryan on July 30, 2013 at 5:52pm

Yes, we are with Chesapeake.

Comment by Spearhead on July 30, 2013 at 5:55pm

Us too.  We've heard nothing from them.  We have an active well but very little activity.  Has not been fraced yet.  Good luck to you!  Keep us posted!

Comment by Bryan on July 30, 2013 at 6:11pm

Our first well completed in late March so it puts us almost 6 months to the day for fracking assuming they actualy start Aug 26th as planned.  That said, the original plan was to begin fracking much sooner, closer to the 3 month mark.  I guess it all depends on crew scheduling.  Good luck with your well.

Comment by Stuart E. Isdale on January 28, 2014 at 2:03pm
We were drilled well over a year ago with royalty checks starting in July 2013 - my issue is when is Chesapeake coming back to drill the other wells associated with our pad - they have come back and done additional drilling all around us but we have heard thru the local grapevine it could be soon or even as late as 2015 for them to come back to our pad - any thoughts or comments regarding this situation - our location is A1045! One thing I have learned with Chesapeake they are very UNpredictable!
Comment by Mark on January 28, 2014 at 2:13pm

No urgency since unit is HBP. CHK is spread thin with their Utica obligations. Capital allocation and CHK business unit managers fighting for their $$$$.

Wonder what the economics are of one area vs another?

Comment by Stuart E. Isdale on January 28, 2014 at 2:29pm
I understand for sure Mark - not completely sure but from what I can tell it seems we have a average well - no complaining on my part as long as there is production - I know there are many variables - I look for them to come back just not sure when - I'm an eternal optimist - which could be good or bad! Thanks!
Comment by Stuart E. Isdale on February 16, 2014 at 1:00pm
Chesapeake still very active in dimmit county - still waiting on our other wells to be permitted - drilling all around us - waiting patiently!

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Cost Depletion: A Valuable Tax Deduction for Royalty Owners

Posted by Patrick Flueckiger on February 12, 2018 at 10:30am 0 Comments



Owners of minerals and royalties may be interested to learn that the Internal Revenue Code "IRC" allows a deduction known as “depletion” for oil & gas income. The depletion deduction could significantly reduce a royalty owner's…

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