Deeper well leasing activity in Mitchell County

I was just told that Stevens and Tull / OGM Land Company is becomming very active in the Mitchell County area...has anyone had any conversations with them yet?

Havent heard of them, but KEW ?? contacted our neighbor

The new activity in Mitchell County is crazy. Still not sure our property is in a "prime" area...according to Stevens and Tull, it is on the "edge" of their focus area.

Ed, email me your phone number. I should be able to help you see if you are in a prime area. I will call you tomorrow. thanks. Robert

Ed Oravetz said:

The new activity in Mitchell County is crazy. Still not sure our property is in a "prime" area...according to Stevens and Tull, it is on the "edge" of their focus area.

Robert...I just added you as a friend so that I could email you. I can't tell you how much I appreciate the help. We have a conference call tonight with family members and would love to be able to tell them something. Thank you!

Thats fine. I just want to figure out exactly where you are. After I know exactly, i can give you a better idea. Do you have neighbors around you that have not leased?

Ed Oravetz said:

Robert...I just added you as a friend so that I could email you. I can't tell you how much I appreciate the help. We have a conference call tonight with family members and would love to be able to tell them something. Thank you!

I have the description from the deed...I will message you with the information. Not in touch with the neighbors any longer...everyone moved off so can't confirm that (or don't know how to confirm it)... Check you message.

Robert David Newton said:

Thats fine. I just want to figure out exactly where you are. After I know exactly, i can give you a better idea. Do you have neighbors around you that have not leased?

Ed Oravetz said:

Robert...I just added you as a friend so that I could email you. I can't tell you how much I appreciate the help. We have a conference call tonight with family members and would love to be able to tell them something. Thank you!

Let me know please, we are south of I-20 approx 1 mile, the old Britton place, we were just offered $550 - 22% royalties, we are talking with 2 other people before we make a decision. Ed hope you do well (pardon the pun)lol

I am hoping you can shed some light on this,

Becky

[email protected]

Robert David Newton said:

Thats fine. I just want to figure out exactly where you are. After I know exactly, i can give you a better idea. Do you have neighbors around you that have not leased?

Ed Oravetz said:

Robert...I just added you as a friend so that I could email you. I can't tell you how much I appreciate the help. We have a conference call tonight with family members and would love to be able to tell them something. Thank you!

Can someone provide me the name and number for a Devon Energy landman if possible? Thank you very much in advance!

Robert

I would NOT take 22% when the companies are offering 25% and the royalty money is where the money really is--- also, be sure to look at a lease that has all sorts of other payments like cattle guards, drilling pads, water reparations, land restorations, fences,---- $100-150 an acre is just WRONG-- I cannot imagine that anyone is taking that low from any company right now.

It is very quiet in this group...is this a good or bad sign? What is everyone seeing? There seemed to be a lot of activity a two weeks ago...is that still the case for everyone?

What companies are offering 25%, so far Laredo and firewheel were offering $550 with 22%

thank you I would appreciate it



Ginger Moreland said:

I would NOT take 22% when the companies are offering 25% and the royalty money is where the money really is--- also, be sure to look at a lease that has all sorts of other payments like cattle guards, drilling pads, water reparations, land restorations, fences,---- $100-150 an acre is just WRONG-- I cannot imagine that anyone is taking that low from any company right now.

Things are still happening not as fast, we are still in negotiations with 2 co., so I don't know

I think a lot has been bought, and now it is just us holdouts..lol

Ed Oravetz said:

It is very quiet in this group...is this a good or bad sign? What is everyone seeing? There seemed to be a lot of activity a two weeks ago...is that still the case for everyone?

Maybe so (a lot has been bought)...maybe we are the crazy ones. We are getting close to being done...hopefully by next week. Then the real waiting game begins.

If you don't mind my asking, who did you go with?

yes, Devon is at $550 and 25%.

We have not made a final decision yet but reviewing a strong offer from Stevens and Tull.

What part of the County are you in?



Ginger Moreland said:

yes, Devon is at $550 and 25%.

We are just off of 1229 and cr 305, we bought the old Britton Place, does anyone have a number for Devon?, thank you all so much and this stevens and tull?

3477 CR 305

Ed Oravetz said:

What part of the County are you in?



Ginger Moreland said:

yes, Devon is at $550 and 25%.