Hi,
I own some minerals in far east Garfield Co. I got a offer for a lease last year, but the company wasn't interesting in working with me on the lease. So I didn't lease. I know they are doing lots of drilling in Noble, Logan and Kingfisher Co. Is anything going on in Garfield?
Good morning Virginia my family owns some property in Garfield and they have been approached by a leasing company that is out of Texas, we are not certain if the offer is a reasonable one or not, I too am trying to find out if other companies are picking up leases in Garfield and what the average offers are running. If anyone on this forum has any knowledge or can share care to share any information, that would be helpful since I live out of state.
Thank you,
Shan
Shan,
Welcome to out of state mineral owners, I'm beginning to wonder if anyone that owns minerals lives in Oklahoma. Most of my property are in Noble, Garfield & Logan plus a couple more co. , but I live in Texas. Better weather, no state income tax and you can even get tractor parts without waiting for the Pony Express to bring it from Dallas.
I have not leased my mineral in Garfield Co, but the last offer I got was $250 & $300 with 3/16. This is on the Noble/Garfield Co line. I feel that a reasonable lease would be more in the range of $350 to $500. In Logan Co, I have heard of leases going as high as $800, Kingfisher Co was getting even more. So, I think Garfield Co is a little slow taking off. Some of the leasing company that I know of are Brannon & Bandana, both are out of the Oklahoma City area or close by. M & M is also leasing, but I'm afraid they are only drilling shallow V. wells in order to whole the leases for the big oil play to get to Garfield. I'm sure their are a lot more companies leasing in the area.
Do you know if any wells have been drilled close to your property? That makes the lease go up. They drilled several V. Wells close to my property in the last couple of years, but I haven't seen as much H drilling going on in Garfield as NE Noble, Logan co & Kingfisher. So, I can't give you any really good information.
Good morning, thank you for your response, at this time there have not been any new well drilled where my farms are, but recently my brother has informed me that a company out of I believe Dallas has been trying to buy up property that currently does not have a lease on it including ours and some adjacent to us.First offer of $300.00 . So I guess we will just have to wait and see. I am so far out of the loop I do not even get wind of local gossip so it is nice to know that this forum exist - thanks again.
Shan,
What part of Garfield are your minerals? If it's near the Logan or Kingfisher co, they are going up fast. I haven't heard of any other that is moving in Garfield.
Shan Shore said:
Good morning, thank you for your response, at this time there have not been any new well drilled where my farms are, but recently my brother has informed me that a company out of I believe Dallas has been trying to buy up property that currently does not have a lease on it including ours and some adjacent to us.First offer of $300.00 . So I guess we will just have to wait and see. I am so far out of the loop I do not even get wind of local gossip so it is nice to know that this forum exist - thanks again.
Virginia
I hope it is OK to post a Kingfisher County question here. There hasn't been any posts on that forum.
There has been no interest in our property near Loyal for years. We have had 3 offers in the last week from $3-500.Looks like something must be going on. How do I find out?
What kind of deals are you hearing of in Kingfisher?
Rick,
Most of my friends in Kingfisher have already leased, so I really don't know what leases are going for right now. I have heard as much as $800 if they were drilling across the road. Some where getting as much as 25% R I instead of the 3/16.
You can go to OCC on-line and see what drilling permits have been issued in the area, then you would know how close they are to you. I haven't been down that way, so I really don't know what is going on. You may email Mineral Joe and see if he can help. Most of my property is in Logan, Noble & Garfield, so I haven't keep up what is happening in Kingfisher. I do know that have hit a few good wells in that area, but don't have the legals for them. Wish I could help more. Sorry.
The large well in Garfield County is the Sebranek no. 1-3h at 3-23N-4W. It showed an initial production of 1241 BOPD. The other that I know about is the Sebranek Chain No. 1-3H at 3-24N-4W with an initial production of 156 BOPD.
Rick, I too have land near Loyal (two west, one south, one half west on the south side of the road with 160 acres of surface rights and 60 acres of mineral rights. Chesapeake offered me $400 and 3/16th and I held off, and now they have pulled out of leasing in that area. Have you heard of any other companies leasing now? Our legals are:NW of 16,17N-9W
Tim
We are Sec 32, 18N-8W, 3 miles east of Loyal and 1/2 south. Chesapeake offered us 500 and 3/16 back in Feb. We had the same offer from Tread Enegy. Chesepeake pulled out as we were starting to negotiate with both. We signed with Tread. The landman was Jim Ashford.
We are in Florida and used Ralph Harrison (atty in Kingfisher) to handle the transaction. He has Ashford's contact info.
Ralph is my fraternity brother and my lawyer too! Small world. I will give Ralph a call!
I have some open minerals south of Garber. I've heard of some pretty large bonuses being paid north of Garber. Who all is leasing in the area, and what type of bonuses are they paying? I've seen Plymouth, Wicklund, and Devon actively drilling in the area.