Mineral Joe,
Thank you for offering the pooling information, but I think I understand it as I have a couple places that are pooled and I get whatever my lease states. I will agree that oil companies manage money much better than our government.
I have a question, someone in this forum stated that only the Kirkpatrick wells were H. I thought that any well that had a H in the name was Horizontal. Example: Joe 1-20, vertical well, but Joe 1-20H would mean Hortizonal.
Mineral Joe said:
Virginia,
all poolings are not the same, I could attach several recent poolings for Logan county if you'd like to read one or you could pull them from OCC. Owning over 1000 acres as you do, I'm certain you should do well. At least I am certain most of the oil companies make better use of their money and manage it better than does the government.
VirginiaThe H wells in alfalfa and on the east side of woods are more of an oil play than gas.No one looking for a gas well with the price so low.Maybe a person not knowing any better might get pooled for an 1/8th but if you have an experienced oil and gas attorney I dont see it happening when there are a lot of 1/4 given.
Virginia,
I own the surface and mineral rights. This cousin waited until all of my mom and her brother and sisters died because now the land will be divided between all of their children and there are a lot of us. I received a letter from this cousin and it does not look legal. He is asking for everyone to have their mineral interests auctioned off. I do believe a lot of my cousins will sign off because they will not check into things. This cousin said he is hiring a lawyer and the majority wins and my brothers ad sisters will be forced to sell. Could I please get the number for the lawyer that you were talking about? I would greatly appreciate it. I would like to find out what he is up to and what he has been doing with this land all these years. The cousin's mother was my moms aunt and she died in 1986 and I guess that he assumes that the land belongs to him! I"m sure that he cannot have any drilling done until we all sign off. Thank you, Pam
Virginia,
If you leased prior to the pooling order then you were not pooled. A pooling is what a company does to get a court order to set out specific terms for interest that is not leased because the leasing company and interest owner could not come to an agreement, the interest owner wanted to participate or interest owner could not be found. Unlike someone here seems to believe, most who are pooled have no knowledge that they are being pooled and therefore it has nothing to do with not knowing any better or having an experienced attorney when they get pooled at a 1/8th, they just do not know and do not make an election, they do not know they are being pooled.
Some horizontal wells do not have the H designation in the well name/number. The H designation is not company specific either. The wells I listed were from completion reports that the operator and OCC say are Horizontal wells, I didn't list them just because they had an H, someone here is just really confused and doesn't know what they are talking about or perhaps should tell the operator the wells they drilled are not horizontal, but I don't think they will believe them like I don't. Also, natural gas prices in part are down because companies are continuing to look for and drill gas wells even as prices continue to tumble.
Pamela,
Devon was assigned the leases and will more than likely be drilling a well. I would contact Devon and record an affidavit of heirship in Logan county.
Mineral Joe,
Who is Devon? Do you have her number?
Pamela,
Ask for someone in the land department for Logan county Oklahoma.
DEVON ENERGY PRODUCTION CO, LP
Devon Energy Corp.
20 N. Broadway
Oklahoma City, OK 73102-8260
Phone: (405) 228-4800 - Staffed Monday through Friday 8 a.m. to 5 p.m., CST
Pamela,
Devon is legit and big. In follow-up to Mineral Joe's post:
COMPANY OVERVIEW
Devon Energy Production Company LP explores for and produces crude petroleum and natural gas. The company was founded in 1969 and is based in Oklahoma City, Oklahoma. Devon Energy Production Company LP operates as a subsidiary of Devon Energy Corporation.
Regarding the specifics of what you posted above about your land in Logan County. I would advise you be cautious - DO NOT RUSH. Initially do not lease and do not sell your land or minerals. You have to step back and learn about what you own and whom you own it with. The next step would be an open and honest communication with whomever you own this land with. I assume you own both land and the minerals, but you need to determine this. It could be a valuable opportunity for you. Do not get pressured by family, friend, gas company or anyone. You will eventually need an attorney in OK and that atty must be an experienced expert in gas/oil exploration.
I also don't advise just calling various gas/oil companies. first figure out what you have and "with whom" and then begin investigating what leasing and/or drilling activity is going on in that area. You'll want to be sure your name is documented at the county register as owner of land/minerals etc. so that landmen can find you. once you have a handle on what you own and what companies are active you can begin to contact them if they haven't contacted you.
Good luck. lots to learn. take your time and be careful.
Wilson
Pamela Donicht said:
Mineral Joe,
Who is Devon? Do you have her number?
Pamela,
Email me privately and I will forward my attorney name. I don't think he would appreciate me giving his name out on a forum.
Whatever you do, don't sign anything till you find out what is going on. Sounds like someone is rushing you because they know they are getting ready to drill or something.
Pamela,
Do you know Veronica, I just figured out that is who I have been emailing and I thought it was you.
Virginia
This is very interesting. I had some leased land that had a producing well for several years. The next thing I knew, I was being forced pooled with some other land for water flooding. My lease even said it couldn't be pooled. I never received anything from OCC about a hearing on pooled spacing for water flood or anything.
Also, do you know what % of land has to be leased in a spacing unit before they can drill? In TX, they have changed that in the last few years as lots of city people didn't want to lease, so the % went down.
And unless they have changed it in the last few month, the TX RRC designate the well type with H for horizonal. But, things are changing so fast, that I may not be keeping up.
Mineral Joe said:
Virginia,
If you leased prior to the pooling order then you were not pooled. A pooling is what a company does to get a court order to set out specific terms for interest that is not leased because the leasing company and interest owner could not come to an agreement, the interest owner wanted to participate or interest owner could not be found. Unlike someone here seems to believe, most who are pooled have no knowledge that they are being pooled and therefore it has nothing to do with not knowing any better or having an experienced attorney when they get pooled at a 1/8th, they just do not know and do not make an election, they do not know they are being pooled.
Some horizontal wells do not have the H designation in the well name/number. The H designation is not company specific either. The wells I listed were from completion reports that the operator and OCC say are Horizontal wells, I didn't list them just because they had an H, someone here is just really confused and doesn't know what they are talking about or perhaps should tell the operator the wells they drilled are not horizontal, but I don't think they will believe them like I don't. Also, natural gas prices in part are down because companies are continuing to look for and drill gas wells even as prices continue to tumble.
Virginia, yes she is okay and is the one who is looking in to getting us a lawyer. I gave her this information on all this. Thanks, Pamela
Virginia Pflum said:
Pamela,
Do you know Veronica, I just figured out that is who I have been emailing and I thought it was you.
Virginia
The rigs coming to this area to drill this H limestone zone are all coming from gas plays like the woodford shale in coal and pittsburg county.EOG,Sandridge and Chesapeak have all swithched to oil plays because of the low gas price.Anyone pooled is notifiyed but some may have no idea what it is.If you do not represent you interest then you may not get a fair deal.It is always good to have a savy attorney look at your postion.I have my own oil company and always have things looked over just to make sure what it is.No one can know it all.
Has anyone else been getting letters from Ferrall Oil Co.Ive gotten many to lease or even sell.
I have gotten at least 10 letters from different companies wanting to buy my minerals on one farm. Do these companies think we are real dumbbells. They were drilling under my farm and wanting to buy my minerals. I can't remember if Ferrall Oil was one of the companies, some I never heard of.
Chesapeak isn't doing a lot of drilling in the DFW area because of the low gas prices and what wells they have drilled are shut in and I'm sure they will stay that way for the 2 years clauses or till gas prices go up. I figure I will probably get one check a year so they can hold the lease. As soon as they can get the 18 wheelers over on nature gas, that may change.
I will agree with getting an attorney to look over everything. But, make sure they are oil and gas attorney's as they keep up with all the changes. Some of the small town attorney's are great guys, but don't know much about the changes in oil and gas laws, most are better at probate and estates. Sorry if I stepped on someone toe, but you don't go to a general doctor when you needed a specialist. Same is true with oil and gas law.
If an interest doesn't get leased It can be a little difficult to notify someone of pooling when say they have been dead for 50 or 80 years, even a lot of recent conveyances people fail to put an address on the deed and then they move to Florida or as one I am working on, they moved to Africa. Most pooling orders have many under the heading "unknown address or certified notice returned". I have seen as many as a couple hundred in one pooling order under unknown address or deceased.
Lee, how much per acre are the offers to purchase?
I'm not Lee, but I have gotten an offer as much as $5,000 per acre. They started out at $1500 and each letter was a little more.
I know with people moving around so much nowadays it's hard to find someone, but sometimes they don't try very hard. My father was born on his farm, passed away on his farm. When I was working on his Estate, I found he had oil/gas money that had never been paid to him. They said they couldn't find him. After a lot of checking on their part, seems someone dropped the ball. They did paid with a lot of interest.
People need to make sure that their address is at the county clerk office in each county that they have land. I can't believe how many letters I write per year to people who don't know what they own. I have 2 more letters to write this week. Seems someone in CO passed away and thinks they have mineral under my farms. After I checked they had W I years ago and their hasn't been any production, plus everything was released. People needs to chech there titles and make sure what is filed at the county clerks office. Or for about $10 per month, they can get on-line, put the county in, the legals and see what is filed on their property.
Pamela,
Hi my mane is Dave Freeman and I work with Greg Shippy he is dealing with the same thing so I know you are related. So you should contact him. His e-mail is [email protected].
Dave,
Thank you, I hope Greg will not sign the paper that he was sent. I will email him and find out if he knows anything about all of this.
Dave Freeman said:
Pamela,
Hi my mane is Dave Freeman and I work with Greg Shippy he is dealing with the same thing so I know you are related. So you should contact him. His e-mail is [email protected].
I'm sure Greg will be talking to you if he hasn't already talked to you. No he will not sign the paper.
He has allot of info on this, I hope you talk to him soon.
Dave
It would sure be nice to know what each person on this site does or how they are involved. That would help all of understand were it is coming from.
Like: Lee and Mineral Joe, I take it you both are with or own a oil company or are you land men?
I'm a land and mineral owner and do a little investing in oil/gas minerals. I don't work for an oil company.
Who is Mineral Man, is he a land owner?