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Sunday, August 23, 2020

Summer, oil and catching up

- Sunrise & sheets -
Hello, all! I took a little hiatus, trying to figure out how to get rid of the spammers. "You won't believe this, just scratch!". Hey, weirdos, get off of my cloud!

 It's that time in summer when the heat lets up and I start daydreaming about fall, but then another few weeks of oppressing temperatures and wind from hell will kick in before the lovely Texas autumn truly comes to stay. I guess I better enjoy these nice, dewy mornings while we've got 'em and quit complaining.

There ended up being one drilling lease permitted for Fisher County in July, according to the Railroad Commission. Canyonlands 61 60, operated by Browning Oil Company, has the permit listed on County Road 320, east of Hobbs. It looks like the site, for a horizontal well with a total depth of 7500, common for this area, will be on Farm to Market 1614, somewhere in the area across from the Williams house. Shoot, it could be up and running for all I know. I haven't driven that way in a while.

While only one permit is on the RRC site, the county records tell another story. Fast and furious leasing is going on in Fisher and Scurry Counties, and a lot of it by my operator, Moriah, aka MEI, aka Henry, aka Lone Oak, aka etc., etc. It seems all these companies have a multitude of partners. 

My poor little Ashley lease is sitting up there in weeds with dried up water pits. I've been made offers by the operator, and also Resource Acquisition Management, the company handling the leasing, to buy my minerals in the last couple of months. You all know how offended I am when people offer to buy my minerals, if you've read my past posts. Just drill already or leave me alone! It's the only investment I've got.

I was looking up some records yesterday and came across a sweet little site called Scurry Self Service, where you can look up all kinds of Scurry County records. I like Texas File, but the records are a month behind, while Scurry Self Service is more up to date. Between these two sites, the county assessor sites and RRC, I can have myself a nice little search party! 

West Texas Intermediate, or WTI, has been hanging in there around $42.  Here's crossing fingers and toes that it will stay steady.