Oklahoma Geologic Society Discussion Group 11/8

OKLAHOMA CITY GEOLOGICAL SOCIETY

DISCUSSION GROUP

November 8, 2011
5:00PM

OKLAHOMA CITY GEOLOGICAL LIBRARY

 

Oklahoma Corporation Commission 2011 Oil and Gas Institute

“Changing Dynamics: New Perspectives on Oklahoma Oil and Gas Conservation Law and Practice”

 

Did you know, on April 13, 2011, Governor Mary Fallin signed House Bill No. 1909 (HB 1909, the 2011 Shale Reservoir Development Act) into law?

Did you know, on May 17, 2011, The Oklahoma Corporation Commission (OCC), through Emergency Rule Making Cause RM No. 201100004 supplanted the normal process of promulgating rules through the permanent rule making process?

Did you know the 2011 Shale Reservoir Development Act was the first new State law enacted related to horizontal drilled wells in over 20 years?

Did you know the 2011 Shale Reservoir Development Act contains many new definitions such as “Associated Common Source of Supply” that will GREATLY AFFECT OWNERSHIP RIGHTS (including overrides), economics and the orderly development of common sources of supply relative to shale reservoirs?

Did you know the 2011 Shale Reservoir Development Act will allow an operator to drill a horizontal Woodford well and commingle the “Associated Common Sources of Supply“, (i.e., the Mississippi and Hunton Formations) into a SINGLE productive shale unit?

Did you know the 2011 Shale Reservoir Development Act and OCC do not require the submission of the MWD Gamma Ray Log (which is a standard formation evaluation type wireline log per OAC 165: 10-3-26) for horizontal wells?

Did you know OCC Commissioner Dana Murphy recently spoke to the members of the OCGS, challenging us to, “get involved,” or learn to live under the laws and rules that are enacted, supposedly “for our benefit?”

Did you know only 45 Geoscientists attended Commissioner Murphy’s discussion?

Which of the above questions are based on fact? In the next year we will elect two OCC Commissioners, but today the laws and rules that regulate the way we do the business of developing and producing Oklahoma’s natural resources are being promulgated in the legislature and courts. Are you aware of the dynamic changes taking place in Oklahoma’s Oil and Gas Conservation Law? Get involved; take the time to read;

  • Google HB 1909 and download the law from the Ok Legislature website,
  • Search the OCC website  imaged documents RM 201100004
  • Contact the Governor, your Legislature and a friend

The Oklahoma Geological Society’s November 8th, 2011 Discussion Group will look at and discuss these changes and how they may relate to a case study area around the West Cana Woodford Play area in Dewey County, OK.

MEETINGS ARE INFORMAL, THERE IS NO CHARGE AND GUESTS ARE WELCOME.

NO RESERVATIONS NECESSARY