Oil & gas discussion group for those interested in Latimer County, OK. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.
I’m from Texas–what’s the play in Latimer County?
I would not be able to tell you very much. I know it is on the edge of the Woodford play that is occurring in Pittsburg County.
I know there are several large fields being developed.
After that, I am not much help there, other than being physicialy located in LeFlore County adjacent to Latimer County.
I also own small int in Leflore Co.–can you tell me about plays there? Thanks.
Pretty Quiet in LeFlore County. Where are your minerals?
I was afraid of that-- T-10-N. R-27E. Thanks
What section, because I saw something in that vicinity the other day.
Sections 22 & 27
No nothing in those two that I am aware of.
Any activity in Sec. 36-4N-17E?
I have some mineral right in Latimer Co Sec 19 T 5N R22E. Any new activity in this section?
I an an non-local owner of surface and mineral rights in Latimer with a producing well on adjacent property. Just found out that a large oil company has a road crossing (since 1996) my property to access the well. What is the customary road usage compensation?
Is there any activity on Adams # 2-6 sec. 6-5N-21E ..i just recently signed my division order to claim my properity , can you tell me am i owed back pay from the royallity payments..
How can i find out if i am owed back royallity payments from when the properity was left to me ??
I would like to see some leasing activity in Latimer County.:-))
My name is Troy Curtis, a landman, with Concho Land Company in Freedom, OK as well as Oklahoma City. I thought while times are slower, I would offer to help with any questions people may have in general and post my email, [email protected] for any and all questions. I also wanted to offer our services for individuals in need of mineral research or help with production related concerns in all Oklahoma Counties and the surrounding states.
Anything new or hopeful for Latimer County?
Specifically…Sec 19 T5N R 22E
Dont know if this is true:::but heard on the grapevine most oil companies will not be interested in leasing until natural gas price is at $5.00
FYI - Not a lot going on but I see a few mineral deeds in the CH and the price ranges from $80 to $600 per acre - average is $285/acre. Average lease bonus according to Lierle (a lease survey) was $125. With the old landman x 3 multiple that suggests a price of $375/acre for mineral value.
But face it - there is simply too much gas available for prices to rebound anytime soon. Even if we have a bitter, wet and cold winter, the glut is enormous and the associated gas and liquids in the oily plays is only making it worse. We need to reinstitute allowables and prorate production in my opinion. That is the only thing in the short term that would raise prices while discouraging further drilling.
In another year, we can count on many of these new fancy drill rigs to be in foreclosure and slated for the scrap yards. The sooner the better. Nothing but less production is going to increase the price for a long time to come. So as an old welder told me years ago as he tried to strike an arc on a delicate job - keep a stiff upper lip and a tight bunghole.