Never mind. I found it by Google. Thanks
Murelene Louise Nelson I would not waste your time/money on a lawyer if all you’re looking to do is fight the extension from EOG. There is nothing you can do. I’d just cash the check and not worry about it.
When Chance says
“I would not waste your time/money on a lawyer if all you’re looking to do is fight the extension from EOG. There is nothing you can do”
that sounds like legal advice, doesn’t it?
I am new to this forum and just found out that I inherited mineral rights shared with about 18 family menbers. I received a well proposal from Delta Core representing BP for drilling of 6N 3W 11 1HX, sections 11-T6N-R3W and 02-T6N-R2W. I elected no cash bonus delivering 80.00% net revenue interest with me retaining a 1/5 royalty or 20.00%. Any comments or thoughts about this is greatly appreciated.
If a well is drilled,the conventional wisdom in the oil patch is that the higher royalty is better in the long run–so good choice.
If, on the other-hand, no well gets drilled or is a dry hole, higher bonus would have been the better choice. You would have to be clairvoyant to actually know which choice is better. Since it is likely BP will drill, you have chosen the best option. If they send you a lease to sign, get educated on favorable terms before you sign.
I think there is a bit of decision if you have a lot of acres, especially if it is $2000 or more lease money per acre! You are only getting 1.25% more at 1/5 than 3/16. A bird in the hand is worth 2 in the bush. I bet they have only drilled 5% of leases I executed in McClain county the last 20 years.
The horizontal play is quite different than the old vertical play, so the strategy for leasing is different as well. Since the whole section will be spaced, you have to think long term and potentially for more than one well. Once they hold the section by the first well and its royalty choice, that is what you and your heirs will be held by for decades. That is where the higher royalty choice usually pays off. One bonus one time versus multiple wells at the higher royalty. Depends upon the quality of the operator, the geology, etc. Not a slam dunk answer, but a general guideline that I use for our minerals in a well known play. My answer is a bit different for a wildcat area.
Pending well in 14 and 23 by Newfield. You should be getting a bunch of paperwork from Newfield.
New well in 13 & 24 by Newfield. Spud in Feb 2018. All from a pad in 12, so the permits can be found on the OCC in that section. I wouldn’t sell.
You should have a ton of paperwork. If you don’t better check your address (or friend me and I can give you all the OCC numbers). I possibly see your name on the pooling paperwork or a misspelled version of it.
I recently moved so the address needs to be updated. My personal email is [email protected]. So are you saying there are two new wells coming ? I’m addition to the one already producing? What is spud?
JD, I will email you with details. The Well in 13 & 24 already spud.
I have royalties at 1/5 in 13,14,23,24 6n 4w and have received many offers to sell. Most recent way 7000 from BBR out of Houston. One well producing but does anything be know of other potential wells or if their are others how far along are they.
JD, Tom 0604-1H-13X spud on Fed 3rd. Sections 13 & 24.
Tom 0604-1H-14X Sec 14 & 23. permitted but no spud doc updated on OCC yet. Both are being drilled from same pad in Sec 12.
Clay, You would need to be a bit more specific. Each of those townships has different players, so different leasing agents. Where you are in the township is also important as the geology is critical to the leasing.
Looking for a good company to lease with in 5n-3w, 6n-3w and 7n-3w. Anyone had any good experiences??
M. Barnes
To be specific would have been a clear route. It’s 12-5n-3w
36-6n-3w and 13-7n-3w. 22.5 Nma in each tract.
36-6n-3w-MK & P ENERGY LLC 2410 W MEMORIAL RD STE C 358 Oklahoma City, OK 73134 another one
13-7n-3wT.S. -DUDLEY LAND COMPANY INC 5925 NORTH ROBINSON AVENUE OKLAHOMA CITY, OK 73118
VAUGHAN RESOURCES COMPANY LLC P.O. BOX 14084 Oklahoma City, OK 73113 and a few others
12-5n-3w-the main players lessees are :L3 ENERGY LLC 1113 VINE STREET SUITE 121 Houston, TX 77002
ROLLING THUNDERBOLT LLC 5030 N MAY AVENUE SUITE 307 Oklahoma City, OK 73112
36-6n-3w-PRIME ENERGY LLC 13919-B NORTH MAY AVE NO. 101 Oklahoma City, OK 73134,OSAGE OIL & GAS PROPERTIES 9520 N. MAY AVENUE SUITE 301 Oklahoma City, OK 73120
ACE ENERGY LLC. P.O. BOX 20707 Oklahoma City, OK 73156
Thanks all for the info on okcountyrecords. I found out so much information including a cousin that passed away 2 years ago and who got their mineral rights for the other part of my grandparents farm. So helpful for 10.00 a month.
Does anyone know if sec.34-7N-4W has been drilled on.I dont even know who my operator is.During the past 12 months up to a couple of months ago I was getting 2-4 letters a week from the occ.I know I signed with Cheyenne Resources because it says that on the O&G lease.Also any info on SEC-02-06n-04w.i RECEIVED TONS OF MAIL FROM THE OCC,UNTIL ABOUT 4 MONTHS AGO.i SIGNED A LEASE WITH RA PINSON ON MARCH 1ST 2017.iT SAYS MY OPERATOR IS EAGLE EXPLORATION PRODUCTION OUT OF EDMOND.jUST A LEASE NO do YET.pLUS SOMEONE TOLD ME THAT EAGLE IS PARTICIPATING WITH CASSILUS.DOES THAT MEAN THAT I WONT GET A CHECK LIKE I WOULD HAVE HAD I SIGNED WITHCASSILUS OR SOME OTHER COMPANY.THANKS IN ADVANCE.FROM THE LOOKS OF THINGS I SHOULD START RECEIVING A CHECK ON SEC-02-06n-04W.
David-The lessee of your lease(s) is not required to inform you when an assignment is made, unless you have a special provision in the lease. You might have some luck calling Pinson’s office–the number is on the letters you received.
You will (or should) receive notice of the regulatory matters (those are the Corporation Commission notices), but if you are leased you won’t get a copy of the pooling order telling who the operator is.
You can get well information from the OCC by legal description on the document imaging page, but you may have to try searching multiple sections for a horizontal well.