Payne County, OK - Oil & Gas Discussion archives

Wayne_Murrow · March 25, 2014, 8:14pm

Our lease is in Section 12 T17n R4e in Payne Co

Katherine · March 25, 2014, 7:37pm

AMERICAN ENERGY – WOODFORD, LLC RAISES $680 MILLION TO ACQUIRE A CENTRAL NORTHERN OKLAHOMA WOODFORD SHALE LEASEHOLD POSITION OF UP TO 200,000 NET ACRES AND CURRENT PRODUCTION OF
6,000 BOE PER DAY
OKLAHOMA CITY, FEBRUARY 24, 2014: American Energy - Woodford, LLC (AEW), an affiliate of American Energy Partners, LP (AEP-LP), announced today that it has raised $500 million in equity commitments and secured $180 million in bank borrowings to pursue a business plan focused on the Woodford Shale/Mississippi Lime combination play in central northern Oklahoma (an area AEW has named the “CNOW play”).
AEW’s exclusive private equity investor is The Energy & Minerals Group (EMG) and additional equity commitments have been provided by AEW management and others. EMG manages a family of funds that invest in the energy and minerals sectors and have over $8.4 billion of assets under management. AEW’s bank credit facility is led by Texas Capital Bank.
Financing proceeds will initially be used to acquire approximately 120,000 net acres of leasehold and approximately 6,000 net bbls of oil equivalent daily production in the CNOW play with the goal of establishing a leasehold position of up to 200,000 net acres over time.
AEW is acquiring the assets from four sellers: Calyx Energy, LLC; Calyx Energy II, LLC; Liberty Energy, LLC; and Truevine Operating, LLC. Calyx Energy, LLC and Calyx Energy II, LLC were both backed by the Los Angeles-based Kayne Anderson Energy Funds and Liberty Energy, LLC is managed by Boston-based Old Ironsides Energy.
Commercial Law Group and Andrews Kurth LLP provided legal representation to AEW and Baker Botts L.L.P. provided legal representation to EMG.
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About American Energy Partners, LP:
American Energy Partners, LP was founded by Aubrey K. McClendon in April 2013 to capitalize on opportunities available i

S_Nathan_Roberts · March 25, 2014, 8:45pm

S12-17N-4E

G_Win · March 26, 2014, 10:29pm

I was offered a lease yesterday on

Which is the best offer?? Is there a huge difference in 3/16 and 4/16ths if it is a good producer? Should I take bonus or not??

Martha_McMorries · March 27, 2014, 10:21am

G. Win, Leases are going for over $200 / acre bonus with 1/4 royalty for 3 years in Section 17-18N-1W with offset wells about the same production.

Don_Ayres · March 27, 2014, 10:04am

Payne: Calyx Energy LLC; Ethridge No. 36-2 WX Well; SW1/4 NE1/4 SW1/4 SW1/4 (BHL) of 01-17N-04E; 169 barrels oil per day, 772,000 cu-ft gas per day; TD 13,693.

Calyx Energy LLC; Hildebrand No. 12-1MH Well; NE1/4 NW1/4 SE1/4 SE1/4 (BHL) of 12-18N-03E; 286 barrels oil per day, 247,000 cu-ft gas per day; TD 8,212.

Calyx Energy LLC; Penny No. 29-3MH Well; SW1/4 NW1/4 NE1/4 NE1/4 (SL) of 29-19N-04E; 207 barrels oil per day, 650,000 cu-ft gas per day; TD 7,409.

Calyx Energy LLC; Pickering No. 20-2MH Well; NE1/4 NW1/4 NW1/4 NW1/4 (BHL) of 20-19N-04E; 182 barrels oil per day, 425,000 cu-ft gas per day; TD 8,945.

Calyx Energy LLC; Williams No. 20-2MH Well; SW1/4 SW1/4 SE1/4 SE1/4 (SL) of 20-18N-01E; 306 barrels oil per day, 253,000 cu-ft gas per day; TD 9,347.

G_Win · March 27, 2014, 7:11pm

Thanks for the info Martha!! I am new to all of this. Then if I am pooled, is the 1/4 royalty a big difference in payout than the 3/16 royalty if it is a good well?

G_Win · March 27, 2014, 7:11pm

I only have 4 acres.

Martha_McMorries · March 27, 2014, 9:06pm

G. Win, 3/16th is equal to 18.75 % and 1/4th is equal to 25.00 %, so you get 6.25 % more if you lease for 1/4th.

Martha_McMorries · March 27, 2014, 9:30pm

G. Win, Here’s an excel production calculator from this mineral forum. You will have to save it then open it and enable editing to use it.

NMACalculationsimple.xls

Louise_Tario · March 27, 2014, 2:01pm

Calyx offered us, for less than 5 acres, 3 yr term:

Sec. 24-T18-R3

$250 bonus/acre @ 1/8 RI;

$200@3/16th,

$100@ 1/5 th ;

and "No Cash Consideration for RI of 1/4th. This section is being pooled, failure to elect (for non participating) receives $250 @1/8th.

Hope this info. is useful to someone.

Martha_McMorries · March 27, 2014, 2:21pm

Louise, OK chapter NARO President Mason Mungle said he leases to 3rd parties instead of the operating company and here’s why. Example: Devon is now offering $400 / 3/16th for 3 yrs in Section 17-19N-1W and 3rd parties are paying more than $200 / 1/4 for 3 yrs. for the same.

G_Win · March 27, 2014, 10:07pm

Thanks Martha!!

Richard_Spahn · March 28, 2014, 11:18am

Who’s leasing in T19N - 1W. I have some rights in sec 10 and want to lease? The address is wrong on my mineral deed so I’m hard to find. E-mail me at [email protected] if you know a lessee.

Larry_Douglas_Smith · March 28, 2014, 3:40pm

Clarke,

I have 5 mineral acres and a 3/16 lease. My interest for that acreage and the 3/16 royalty is .00146484. Multiply 330 bopd by 30 days, times an average of $100 per barrel. You get a total dollar figure. Take my decimal times six, since you have 6 times the acreage if you have a 3/16 royalty. You take your decimal and multiply by the total dollar production every month which will fluctuate because the price of oil goes up and down every day, but lets say an average of $100 per barrel over the month. You have the gross that you will get. You have to subtract the percentage of federal taxes that you are going to have withheld and the state of Oklahoma is going to take their 7 per cent regardless. You should come pretty close to the net. Remember what mineral interest owners get is right out of the wellhead. The operator and working interest owners bear the cost of all maintenance and disposal of any fluids like salt water after the mineral owners have been paid. before they make a dime.

Larry_Douglas_Smith · March 28, 2014, 3:43pm

If you have any questions your decimal will be in the DOI papers that we should receive in July or August. You should probably call the Devon Revenue Department and ask them if you are unsure.