Thank you for the comment Ms. Barnes.
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
Quite a bit of leasing in 25 and all around you. Any time you get a lot of offers, something is probably coming.
Thanks Ms. Barnes for the info…
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.
Thank you Mike I appreciate your advice. I always enjoy reading your advice. What is an SL pad? Sounds like a pad for the rig to sit on?
Thanks Sandra. Wonderful!
SL is the surface location. The rig and all the equipment sit there. Later, all the frac equipment, then the tanks and well head. It is large in the beginning and small once the completion is done. The larger area is remediated.
Can anyone tell me what’s going on in sections 12 & 13 in 5N4W?
Native Exploration lease completed: 3-8N-4W @ $3,750 and a 1/5th
Thanks MBarnes. Haven’t received Division Order even though first sales was October 3rd. Expecting payment on or before April 3rd. I’ll give them another call.
Has anyone had experience with Newfield and how they usually handle check for first payment and division orders? Will these come together or separate?
Joyce, Typically, you get the Division Order about five months after first sales. Then your check comes about six months after first sales.
Does anyone know what activity may be occurring in Section 17, Tn 8 range 4w?
Murelene,
TS Dudley is the broker for EOG. Dudley went out and leased all the mineral owners in certain township and ranges for EOG. Having dealt with this, EOG has informed TS Dudley that they would be taking on the responsibility of sending out the checks for the 2 yr option.
havent been on here for a while but I have a question for all you wise people. My lease with T.S Dudley is up April 1st 2018. They had a 2 year extension in the lease. I just received a check and lease contract from EOG resources saying they wanted to exercise the extension. I didn’t sign a lease with EOG resources. I didnt see anything in the lease with T.S Dudley that allowed them to sub lease it out. before I go to my lawyer is there anyone that has experienced this and is it legal?
Thanks. I have no intention of signing the extension for 200.00 an acre from EOG when the average is 4500.00 for that section area.
I didnt sign with EOG and there was no mention of them in that lease so I will get my lawyer to handle it.
I have received offers for 2500.00 for weeks from different oil companies.
Martha Barnes has been so helpful in educating me in these things. I wish I would have checked out this site before signing the first lease. Unless I am bound to this 2 year extension legally I will be able to get better offers soon. I will never sign a 2 year extension again I know that now. Thanks for the responses
Don’t ever sign anything more than a 3 year deal. And be sure you have a good lease to give them! I got one from Martha Barnes. A lot of these people will lead you to believe they need more time to drill a well etc… 99% of the time its all BS and they just want to flip your lease for a huge profit. I am so excited a bunch of my leases are expiring, so I can make them right this next go around.