More Oilfield Quiz’s
Posted by Oil Field Trash on July 13th, 2006
1. What is ment by the term OVERRIDE? 2. What is FLOWBACK? 3. How close can a well be drilled to a property line? Bonus question.. Quicksilver is drilling quite alot around Glen Rose, Where did they come up with that name? and don’t say mecury.
July 15th, 2006 at 4:04 am
2. flowback is paid to damn much for too damn much of nothing.
Quicksilver – if I had a copy of my expense report I could tell you all about those fellas. I believe we fraced a quicksilver lease up around st. jo. Not all that long ago. A double bank with more horsepower than anyone in the right mind would pay for, but I can’t remember. I do believe that it’s quicksilver that likes those double banks. I do also believe it’s quicksilver who fouls up their paper work and has us frac the wrong damn wellhead every now and then, which is a perfectly acceptable foul up when your making money hand over fist. LOL.
July 24th, 2006 at 11:23 am
what the matter no one can guess the answers
July 25th, 2006 at 7:34 am
A Quicksilver representative told me that Quicksilver bought the “old” Mercury Oil Co- ergo Quicksilver.
July 28th, 2006 at 1:56 am
over ride means 1/16 or 1/32 of the 1/8 mineral rights is what you get if you are able to get it put on your contract 1/8 of $ 80,000 would be $10,000 . if you got a 1/16 overide you would get another $625 for a total of $10625.00
July 28th, 2006 at 9:00 am
this is quiz I know tne answers but do you?
October 17th, 2006 at 2:49 pm
An overiding royalty usually occurs when a working interest owner sells his WI in a well and retains a royalty (which is called an overiding royalty interest). Both a royalty and ORRI are free and clear of well operating expenses. Of course you have to pay your share (your interest) of severance taxes, ad valorem taxes, and marketing charges. The overide or royalty is generally based on what production is sold from the well.
October 17th, 2006 at 3:00 pm
I’ve only been on one flowback but it was pretty cool. I call a “flowback” the end of the fracturing process when the pressure of the formation force the fracturing fluid back to the surface/wellhead. It is important since you are beginning to see whether you are getting any oil and gas from the frac. Kind of like turning on the coiled water hose-lots of spitting, pressure surges etc. For gas, u might get a flare. Looking and sniffing you might see some oil. The flowback I saw sounded like a man hitting a metal drum hard. All the fluid goes to a frac tank-saltwater is taken away via vacuum truck.