Mineral Rights leasing? Lands covered: Section 17 Township 1 south, range 4 west

Oklahoma Mineral Rights Stephens County, OK
1

Ok, I am going to try to explain my situation and would appreciate any insights that anyone would like to share with me. I own Mineral rights on land in Stephens Co OK. There was a hearing regarding forced pooling on this land on 8-18-14. I don’t know the outcome, nor do I know how to find out. Prior to this, I have received letters from companies wanting to lease my mineral rights. I was told by my cousin, who lives near this land to not lease and that we’ll get a larger % of royalties, if we hold out. She said the production company that will be drilling ( continental resources) will give us our share , if there is anything to give us. Since the hearing date, I have received letters from 2 companies, stating that if we don’t choose to lease our rights, that we will end up with the smallest percentage and the largest cash bonus. Of course this would not be my preference (I’m ignorant, not dumb), but I have no idea what to do. If anyone could explain this to me in laymen’s terms , I would greatly appreciate it. Thanks for your assistance in advance. Sharon Darity (Clueless in North Carolina)

2

You will do fine as long as you make an election under the pooling. Let me check on the pooling and I will be back.

3

There was a protest of the pooling which is no big deal. They have a hearing set for 9/2/14 now. You have a lot of time before they issue any order.

http://imaging.occeweb.com/AP/CaseFiles/occ5132357.pdf

Did you get a copy of notice below? Is you name listed?

http://imaging.occeweb.com/AP/CaseFiles/occ5128162.pdf

4

Here is the pooling order for section 18 .You should have the same options or better. Also you should be able to get a better deal from a third party.

http://imaging.occeweb.com/AP/Orders/occ5104127.pdf

5

Yes, I did get a copy. And yes, my name is on the list. I didn’t realize that there was a protest to the pooling. Thank you.

6

I’d be interested in seeing the letters. I think we need to file a complaint with the state attorney general’s office.

I’ve seen some that are misleading, but these sound like they are crossing the line.

7

I can try to upload them and post them, maybe tomorrow, but probably not until Tuesday.

8

Looks like this was continued again until 09/08/14.

9

Thanks for the update Sharon

Christine Putnam said:

Looks like this was continued again until 09/08/14.

10

Christine, Do you know if the hearing actually took place on the 8th?

Sharon Kay Darity said:

Thanks for the update
Sharon

Christine Putnam said:

Looks like this was continued again until 09/08/14.