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Blaine County, OK - Oil & Gas Discussion

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Blaine County, OK - Oil & Gas Discussion

Oil & gas discussion group for those interested in Blaine County, OK. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Members: 317
Latest Activity: on Friday

Discussion Forum

Mineral Rights Sec 1-18N-13W, Need appraisal

Started by Jennifer Glasser. Last reply by Lanny Edward Sells on Thursday. 6 Replies

Does anyone know what the minerals are selling for in this area?  My sister and I inherited 80 acres, and curious of what they are worth.  Continue

Well Spud

Started by Martin Diggs. Last reply by M Barnes on Monday. 12 Replies

Can someone please help me understand what is meant by a Notification of Well Spud and what the date listed actually means?? I found a form that mentions my property, but have not received any real…Continue

Blaine County Pipeline Easement

Started by Martin Diggs. Last reply by JW Anderson Jun 5. 2 Replies

Our family has been contacted by a company who would like to run a pipe(s) through our property Section 1, 14N, 13W. I am curious if anyone else has been contacted and what the going rate is for a…Continue

Drilling a well without notice?

Started by David 21. Last reply by David 21 Jun 4. 3 Replies

Just curious how a company ( Devon) can drill a well without giving any kind of notice? They started drilling yesterday and we have never received any kind of notice, in 13-17-10.

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Comment by M Barnes on Friday

Top lease offers can be very dangerous to your title.  I do not do them.  Other folks may have a different opinion. 

An%20Overview%20of%20Recurring%20and%20Related%20Issues%20Involving...

Comment by D Davis on Thursday

I've received a lease offer for my 10 acres of mineral ownership in Section 5, Township 17N, Range 11W.  It's a top-off lease, with the goal of getting PNG to let go of their leases for the Blehm well.  I'm not sure if I should sign this.  Does anyone have any suggestions?  Thanks.

Comment by M Barnes on May 26, 2017 at 11:21am

If the Governor signs it, I think it will be a very good thing for the OK economy, mineral owners and efficient drainage for a very long time.  Some issue to work out with vertical wells in the same zones. I can see that side as well. 

Comment by JOHN MORAN on May 26, 2017 at 10:33am

Yes, saw this in the news. Good news is always welcome, now that there is a more energy friendly administration in D.C.

Comment by M Barnes on May 26, 2017 at 10:30am

Just in:

Oklahoma House passes extended lateral drilling bill in close vote

The Oklahoma House narrowly passed a bill Wednesday that would allow longer drilling in nonshale formations, with the vote held open for more than 30 minutes after an apparent deadlock.

Three members switched their votes on Senate Bill 867 in the last few minutes, giving the bill 51 votes and securing its passage. The final vote was 51-46, with two members claiming constitutional privilege. The bill now goes to Gov. Mary Fallin.

In its first year, SB 867 is expected to generate approximately $490 million in new royalty payments, raise more than $229 million in new state and local revenues and create nearly 6,000 new jobs in the oil and gas sector. Additionally, the measure is expected to spur nearly $6 billion in investment from oil and natural gas producers.

Comment by JW Anderson on May 4, 2017 at 5:57pm

Regarding Newfield's sale in 17-17N-13W of the Phillips well.  Per their filing on EnergyNet, they are selling a 99% interest in the borehole of the Phillips well.  That way, they get all the drilling information they want, and are free to do what they want in the future.  Their notes on this well indicate that they think this is a good "test" well.  However, their decision to sell this 10 weeks after the well was spudded may not be a positive development.

With regard to the other well they are selling in Canadian County, they were not nearly so positive about that wells prospects.  Their engineering report (which I don't think they really intended to publish, but they did) says that they are expecting only an 8% ROR, and they expressed concern about a newbie operator.  Their desire again was to divest, but to retain well information in so doing. 

Comment by M Barnes on May 4, 2017 at 5:04pm

Phyllis, there is quite a bit of activity all around you in 18-16N-13W/  Highmark has a pooling order pending and a horizontal well planned. 

Extensive drilling all around you.  Any sales offers you get right now are liable to be quite low to actual value.  They are hoping you don't know about the drilling.  You are in one of the hottest areas of the country.  I would direct you to the most recent investor presentation by Continental Resources.  You are just outside the western edge of the de-risked portion of the over pressured oil window near where the arrow of the blue box intersects the dashed line.  See slide 14.  I have acreage in Blaine and not selling any of it.  The future upside in certain parts of Blaine is quite large and most sales offers are quite low. 

CLR_Investor%20Update_May%202017.pdf

Comment by Stephen Weeks on May 4, 2017 at 3:41pm

Mr Anderson, you could be right.  Some of these wells may not have good returns at current prices.    

Comment by Phyllis Wheeler on May 4, 2017 at 12:23pm
Have mineral rights in Blaine County, 18-16n-13w.. anything happening there? And if selling whats the going price in this area.
Comment by JW Anderson on May 3, 2017 at 10:04pm
Newfield is only selling their interest in the borehole of the fist well, and the operator is one of the smaller players. Could be a smart move to first see what production is like in this area.
 

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