Kingfisher County, Oklahoma
Kingfisher County, Oklahoma
In August of 2006, MASS Petroleum purchased a 2.34% net working interest in three producing wells in Kingfisher County, Oklahoma.
The current operator of the well package in T18N-R9W, Kingfisher County, Oklahoma is:
Range Resource Corporation
Fort Worth, Texas
Well Descriptions:
Click to enlarge
Click to enlarge
#1 Stebens
Section 29 – TI8N – R9W
Kingfisher County, Oklahoma
- Date of first production: June, 1979
- Cumulative Production: 20,768 barrels of oil, & 1,644,412 mcfg
- Production decline stabilized
- Net Working Interest: 2.343750%
- Net Revenue Interest: 1.90430%
#1-29 Oblander
Section 29 – TI8N – R9W
Kingfisher County, Oklahoma
- Date of first production: March, 1980
- Cumulative Production: 9,671 barrels of oil & 601,316 mcfg
- Production decline +/- 5%
- Net Working Interest: 2.343750%
- Net Revenue Interest: 1.90430%
Click to enlarge
Click to enlarge
#1 Schneider
Section 32 – TI8N – R9W
Kingfisher County, Oklahoma
- Date of first production: March, 1980
- Cumulative Production: 26,132 barrels of oil & 820,085 mcfg
- Production decline stabilized
- Net Working Interest: 2.343750%
- Net Revenue Interest: 1.90430%
A detailed breakdown of revenues and lease operating expenses for the period January, 2006 through June 2006 is noted below:
| Revenue Period | Net Revenue | Less Operating Expenses | Profit |
| 1/06 | $ 657.88 | 115.94 | 541.94 |
| 2/06 | 777.99 | 77.78 | 700.21 |
| 3/06 | 575.16 | 77.08 | 498.08 |
| 4/06 | 413.10 | 94.80 | 318.30 |
| 5/06 | 612.49 | 73.47 | 539.02 |
| 6/06 | 584.22 | 87.57 | 496.65 |
| 1/07 | 922.31 | 84.86 | 543.57 |
| 2/07 | 463.60 | 79.92 | 383.68 |
| 3/07 | 341.39 | 79.19 | 262.20 |
| 4/07 | 308.67 | 81.09 | 227.58 |
| 5/07 | 434.41 | 105.58 | 328.83 |
| 6/07 | 641.76 | 79.72 | 562.04 |
| 7/07 | 429.93 | 75.06 | 354.87 |
| 8/07 | 591.72 | 66.95 | 524.77 |
| Totals: | $ 6,832.32 | $ 1,094.15 | $ 5,738.17 |
| Avg./Mos | $ 488.02 | $ 87.77 | $ 409.87 |
Notes from MASS Petroleum Inc. Geologist Maynard Welsh;
"It appears that the three wells acquired in Kingfisher County, Oklahoma, will continue to deliver an average of 125 mcfgpd +1 bbl of oil for the foreseeable future with no drastic decline anticipated. At the current price of hydrocarbon these wells should deliver approximately $600/mo less $88/mos lease operating expense to MASS Petroleum Inc."
