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Canadian County, OK - Oil & Gas Discussion

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Canadian County, OK - Oil & Gas Discussion

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

Members: 84
Latest Activity: 18 hours ago

Discussion Forum

Canadian County OK Oil & Gas Permits

Started by Dave Thompson. Last reply by Clint Liles 18 hours ago. 97 Replies

Post, discuss and share information related to Canadian County Oil & Gas permits in the replies below.Thank you to Clint Liles for championing the effort to keep us all up to date.Continue

how much is our lease worth?

Started by Norman Turner. Last reply by T L Shields Apr 3. 7 Replies

My sister and I own 13.333 mineral acres In Canadian County. It’s leased to Chesapeake at a 3/16th royalty. Recently, there’s been a spate of interest in buying the lease. We’ve had three offers but…Continue

Pooling orders on well in production

Started by Ann Cole. Last reply by Ann Cole Jan 30. 9 Replies

We discovered on the unclaimed property fund that my late grandmother had royalties from QEP. Upon inquiry I was told the royalties derived fom the Niles 1-9 which is still producing. How do I find…Continue

20-12N-5W

Started by Curt Bryan. Last reply by Curt Bryan Jan 29. 4 Replies

  Our family has interests in this section, and the description contains the following:LM Spencer 1-20.  Wondering what the significance of that is.Continue

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Comment by Leon P on April 4, 2014 at 11:39am
These are in 2013. They filed location exceptions in march 2014 and this is after wells have been drilled.
Comment by Ron McKenzie on April 4, 2014 at 11:28am

http://imaging.occeweb.com/AP/Orders/OCC4375232.PDF

http://imaging.occeweb.com/AP/Orders/OCC4374463.PDF                           Leon    It looks like they didn't have final order on some or all of the wells.

Comment by Leon P on April 4, 2014 at 11:03am
35, 13n, 10w. Thanks
Comment by Ron McKenzie on April 4, 2014 at 5:55am

 Leon  Need location.

Comment by Leon P on April 3, 2014 at 9:54am
Could anyone tell me why Devon would ask for location exceptions on wells they drilled 2-6 months ago.
Comment by M Barnes on March 21, 2014 at 6:40pm

Shotgunsams, Below is the OK tax site where you can search by location.  Go the S-T-R nearest the one you are interested in.  You can see which wells are there and their early production.  The average of the first three months is a good place to start to plug in the numbers into the spreadsheet.  The spreadsheet automatically will decline from there.  Remember, it is just a guide for you.  One of the wells close to your acreage is the Marveldt.  Try 300 BO and 1300 mcf as a starter. The other is the Okarche at about 730 BO and 800 mcf.  This will give you a range of nearby wells test data

The reason you are getting offered a lot is that this is near the Newfield Stack play.  see their recent investor presentations.  

Comment by M Barnes on March 21, 2014 at 6:25pm
Comment by shotgunsams on March 21, 2014 at 2:56pm

Tim, Thanks for the insite!  I figured as much.  The seismographic crews are out but not on our sections yet.  They are across the road to the North of us so far.  I used the spread sheet R Barnes put on here to calculate possible earnings but am not sure if I entered the right numbers for Oil BOPD and Gas MCF's for this area.  How can I find out these numbers for the producing wells in this close proximity?  

Comment by Tim West on March 21, 2014 at 9:31am

Shotgunsam, what this means is that somebody is about to drill on or near you and they know the minerals should produce way more than what they are willing to pay you.  If it's $3500 an acre it probably indicates that a well has produced nicely near you and that they are confident they can make you a blind offer of $3500 and come out way ahead.  

Comment by Abigail Henderson on March 20, 2014 at 4:02pm

The latest on Stonebriar Energy and Penterra Services.....

We have still not received anything in writing nor the original lease back.  Yes, someone did make a mistake.  This is on Canadian County Oklahoma Sec. 7, 14N, R06W.  Stonebriar assured my sister in a letter that they had reviewed the Canadian Co. Land REcords and that their were NO conflicting leases on this tract.  Two of the family members received money.  I want the original lease back and I will have to do research now to be sure it wasn't filed in the courthouse or that they have no future tie to this mineral deed. 

 

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