CLR's August presentation is put up mainly to give better understanding of SCOOP, relevant to MAGP's interests in Grady, Stephens and elsewhere. There is also a diagram towards the end of the paper showing composition of the Woodford.
They are to extend through Sections 3 & 10. You will also note up to half-a-dozen light lines - proposed additions - running north/south that encroach into Section 2. In sum, it could be one of the biggest operations undertaken in Grady.
Lease details entered here are never older than the start of 2012. Generally, all of them carry tenure of not less than two years - probably three - with extensions granted when applied for and/or considered feasible. There is only one exception in a county (I forget which one) where the lease seems to be renewed every 6 months. In addition, the acreage in MT was understood to continue for not less than 5 years.
Jim Halvorsen has taken up position as leading spokesman of MT's oil development. Anything he has to say in coming months should be followed. For me, the Brockton-Froid fault remains an unknown historical consequence insofar as any bearing it might have had on migration out of Daniels. An overriding constraint to development in the region is distance from hubs and absence of infrastructure. For the moment I treat it as something of a white elephant. The $4m+ could have been better applied elsewhere. Delays, however, were equally applicable to the Williston basin - then it took off after the science had been worked out.
> PS. I have some further data on OK which Robsky will be able to sort out.
[bakky - You have made a dangerous statement, one unlikely to be smiled on by management.]
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