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Coal County, OK - Oil & Gas Discussion

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Coal County, OK - Oil & Gas Discussion

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

Members: 109
Latest Activity: on Friday

Discussion Forum

Lease Rqst Rcvd for 28-1S-11E for Quanah

Started by Bryan Oldham. Last reply by Bryan Oldham on Friday. 4 Replies

Just received a rqst to lease the above to Quanah.  $300 acre  3/16 royalty.  This is the first offer but the leasing agent (with Paramount Services) said this is the most they have been offering. …Continue

Keywords: quanah, lease

Mineral Rights Lease

Started by TLC in Illinois. Last reply by Ann Whitchurch Mar 24. 9 Replies

Received a call from Green Wing Energy regarding leasing my mineral rights.Section 19-2N-9EAny advise on what to be aware of?How do I know if there is any activity in my area?How would I know if gas…Continue

Greenwing Energy lease offer - Coal County

Started by Will Ross. Last reply by Will Ross Jan 9. 6 Replies

Has anyone leased to Greenwing Energy? Need 60 BUSINESS days to pay? What is this Order of Payment? Been doing this a long time and never had a 60 business day paydate or an Order of Payment. Looks…Continue

Newbie help! Section 29 activity? old lease with St. Mary Land & Exploration Co.

Started by kw. Last reply by M Barnes Nov 29, 2017. 1 Reply

Hello!  I've been going through some things of my parents and found a lease from 2005 with St. Mary Land & Exploration Company.  The lease expired and I did file an Affidavit of Heirship with…Continue

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Comment by M Barnes on April 11, 2018 at 9:46am

Quanah was leasing at 1/5 in sec 23 in late 2017.  But that is not contiguous to you. 

Comment by Bryan Oldham on April 10, 2018 at 10:30pm

Received a rqst to lease in 28-1S-11E  to Quanah. $300 acre 3/16 royalty. This is the first offer but the leasing agent (with Paramount Services) said this is the most they have been offering. Land agent said they are planing to drill 4- 5 wells.  I read some other info on Quanah in another thread.

Not sure if this is a good offer. Sounds a little low and I would like 1/5 royalty but agent said they are not offering. He has agreed to the four clauses that everyone says to include. 

Comment by Rudy Ramsey on February 11, 2018 at 1:18pm

Martha: Regarding 1-1N-8E: I couldn't get 1/5, but found a year-old pooling order in the next township, and they matched it, saying this was absolutely their top price. Got $450/NMA @ 3/16.

Comment by clbrown on February 11, 2018 at 12:28pm

Let me start over I'm new to this any help appreciated.

Lease offer from Canyon Creek on a multi unit horizontal drilling township 1 south range 9 east sections 36,25 and 24.  Offering two lease options $350.00 for 1/8 royalty or $300.00 or 3/16th.  Any advice appreciated 30 days to respond or court date is set Feb 26th I'm new at this and was told by land man that price was set at the court date but then the next day received lease offer from him. 

Comment by Steve Zellner on February 10, 2018 at 5:13pm
Leased down here 6 months ago for $200/acre & 3/16ths. Really happy to see them drilling. Need more of it.
Comment by M Barnes on February 10, 2018 at 4:27pm

Need the township and range.  Many 36, 25, 24s.

Comment by Ann Whitchurch on February 3, 2018 at 12:58pm

Martha, I'm glad you mentioned the NO DEDUCTIONS.  I got that but neglected to put it in my message.  I dealt with Greenway, another of Canyon Creek's land companies.  It was a royal hassle.  

I hope they don't treat royalty owners like their lease hound treated me.

Comment by M Barnes on February 1, 2018 at 6:40pm

Rudy, ask for 1/5th pricing.  Make sure you have a NO DEDUCTIONS whatsover clause, no "however....."

I just dealt with Anevay and they were very accommodating to let my accountant hold my signed lease.  I was paid in 10 business days with a handover of lease for check.  I sent Anevay a scan of my signed lease with "COPY DO NOT FILE" written on every page and especially across the signature so no one could file it until I got paid.  I do not sign Orders of Payment if at all possible.

Comment by Ann Whitchurch on February 1, 2018 at 1:01pm

I leased to Canyon Creek a couple years ago so my terms probably aren't relevant.  I leased in 1N 8E, sections 14 & 15 for 22% and $450/acre.  

I do want to warn you, we went round and round over their Order of Payment.  It was AWFUL and I refused to sign it.  60 business days and I was locked in the lease for that period of time, but they were not.  They could surrender the lease and OOP at any time.  After a long time battling over the OOP they finally sent me a check.

Early on I did get a favorable Addendum approved by them and a couple clauses scratched out of their lease form.

Comment by Rudy Ramsey on January 29, 2018 at 12:53pm

I have a lease offer for our 5 NMA in Coal Co. 1-1N-8E. This is a negotiation of a new lease by Anevay Resources, representing Canyon Creek, after the old lease (also Canyon Creek) expired in October. They're offering $450 at 1/8, or $325 at 3/16, 3 years. They've already agreed to a favorable Exhibit A, as negotiated on another lease last year.

Anyone have data on lease bonuses in this area, or other relevant information?

Rudy

 

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