John --- Last few clients that I've had involved in water etc has been .50/bbl for water recently --- both drill pad sites have been in wheat production ground with $10K for one site and $15K for another site that was in a much more valuable ground area.....Kingfisher area.....
Thanks for the info OKCNHRA and Joe S. My land is for real estate development s0 I want more. Land sold next door for 11,500 an acre and the commercial part sold for 100K/acre. I cannot accept 15000.
Understand totally Joe --- Not always a round or square hole to fit a peg into..... And a well site is usually not on the plus side of a real estate development.....
Thanks, JW
Pretty neat resource for anyone using Google Earth and struggling with legal descriptions--- overlays the township/range/sections for you on top of the Google earth image --- nominal fees and free to try:
I use Google Earth all the time but I was unaware of this feature. That is some very useful info. TY Okcnhra
Just keep in mind that earthpoint.us section boundaries are approximations only. Actual section boundaries may vary significantly, particularly around rivers.
Does anyone know of a attorney in Oklahoma that knows about Ancillary Probate or can help me through it from calif? Thank You in advance
Frank --- Agree 100% on the "approximations" aspects on just about "anything" that is not a "professional fee paid $$$$" visual service out on the net --- good update caution!
I need some advice please. I have been offered $200/nma and 3/16 with 2 yr extension for my nma in Sec 26 T6NR2W. It is a small ownership but that seems really low from what I have read on here. I think it is BP offering. I never would do a 2 yr extension but I think I would rather see it go and be force pooled for that amount. Any advice would be really appreciated.
No advice to give but for what it's worth, I agree with your thinking!
John, The offer is in the ball park for that area of McClain. Do not take the two year extension. I always ask about their 1/5 offer as well. BP has pending horizontal wells at the OCC in 22, 24, 25, 27 so your guess is probably good. No pooling pending yet. No leases in 26 yet, so you may want to wait a bit and see what happens. Just FYI, BP has a SL pad in the lowest SE corner of 27 and they are drilling from there through the NE corner of 26 and then into 23. If they perf in 26, you should get paid. It is a tiny sliver, so they may skip perfs in 26, not sure. Called Millsap 6N 2W 26 1HX. Already permitted. Woodford well.
Does anyone know if there is any activity in Sec 30 8N 4W McClain County? Getting at least 2 offers to sell rights (in the mail) every week since about the middle of January. Not interested in selling , but wonder why all the recent offers. Any info would be appreciated. Thanks, Rick Buscemi
Rick, There is horizontal activity all around you with EOG and Newfield. Lots of leasing in your section. The pending offers indicate someone knows something. Hang tight and it will show up at the OCC soon.
I have been getting a lot of offers to buy Section 25 06N 03W. Does anyone know if there is activity in the area?
Quite a bit of leasing in 25 and all around you. Any time you get a lot of offers, something is probably coming.
Thank you for the comment Ms. Barnes.
We just received a letter from Native Exploration Operating in Oklahoma City regarding McClain 16, 6N-3W, they are planning to drill a horizontal "exploratory" well in 16. It is called Big Bow 16-0603 1WH. Anyone have any information on this ?
Does anyone know production numbers for the Whetstone in section 25 6N4W? I've looked for completion report but nothing yet.
Joyce , The first sales date was 09/25/17. I called the other day and was told that division orders should be sent out soon. Also was given some info on production, 500-700 barrels of oil a day for the last 2 or 3 months.