June 06, 2014
Clint we have been contacted about wanting to lease in Sect 34 20N R1W, even though we only have a very small mineral acre, what is the going rate per mineral acre in Noble County close to that section, I think it is going to be a pool of 640 acres and I think she mentioned something also about 18% royalty, for 3 years they will be sending some paperwork in the mail
My lease ends Friday - the 28 June - I saw mustang oil - from what Clint sent over on 17 24n 3e - they wanted a extension - and got it from the OCC - but they didn't fill out a form the BIA needed - 90 days before the lease expired - so if no one contacts to lease it - it will be put back up for BID in October through the BIA - sure seems like a lot of money to throw away - for not filling out the paper work... Steven
Nancy I have no Idea what the bonus rate is since I don't have minerals here. Possibly one of the other members of the Noble County Group will chime in with some numbers. Good luck with your lease.
Clint Liles
nancy peterson said:
Clint we have been contacted about wanting to lease in Sect 34 20N R1W, even though we only have a very small mineral acre, what is the going rate per mineral acre in Noble County close to that section, I think it is going to be a pool of 640 acres and I think she mentioned something also about 18% royalty, for 3 years they will be sending some paperwork in the mail
350 a acre was the rate 2 yr's ago - but with a lot of hits in oil and gas - I am sure it's higher now
nancy peterson said:
Clint we have been contacted about wanting to lease in Sect 34 20N R1W, even though we only have a very small mineral acre, what is the going rate per mineral acre in Noble County close to that section, I think it is going to be a pool of 640 acres and I think she mentioned something also about 18% royalty, for 3 years they will be sending some paperwork in the mail
August 29, 2014
September 02, 2014
September 03, 2014
September 08, 2014
http://imaging.occeweb.com/OG/Well%20Records/1DD271AD.pdf
September 10, 2014
September 12, 2014
September 18, 2014
Does anybody know what date in October - The BIA will have their auction of Lands in Noble county??? Thanks Steve
September 19, 2014
September 24, 2014