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Natural Gas, Oil, Minerals Q&A Answers
ARE LARGER UNITS REALLY NECESSARY WITH THE INCREASING LENGTH OF LATERALS LATELY?
By: ruby_99 | 2010-02-16 12:54:35Only if you want the operator to save money and delay royalties to the landowner. 7000' lateral length x 500' spacing divided by 43560 sf/acre = 80 acres from one well. That means eight wells will fit nicely into a normal unit of 640 acres. If the operator wants to be timid and go with 750' spacing, six wells with 121 acres each make a unit of 723 acres. What's the problem with that? Oh, right, that would mean more wells are necessary to hold leases by production.
Answers are provided for educational or information purposes only. It is critical to seek qualified legal counsel before making any decisions affecting your property or mineral estate.
