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Garfield County, OK - Oil & Gas Discussion

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Garfield County, OK - Oil & Gas Discussion

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

Members: 147
Latest Activity: on Thursday

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Leasing Rates Sec 9 20N 03W

Started by Douglas R Farrar. Last reply by M Barnes Mar 15. 2 Replies

Has anyone received requests for leasing in this area.  Had a request from White Star Petroleum out of OKC.  Anybody have info on them?Continue

Mineral Prices 20N-8W?

Started by OkiefromMuskogee. Last reply by RM Dec 4, 2017. 5 Replies

Anyone receiving offer letters to sell their interests that they can share?  Im trying to feel out pricing and see if the offers I am receiving are in the ballpark.  $1200 an acre to sell is what I…Continue

Price per acre

Started by Earl Lamb May 11, 2017. 0 Replies

I'm trying to sell my minerals in Garfield county SW/4. Section 21 township 22N range 5. Haven't been able to find any prices per acre of anything close. Anyone have an idea?

Warning! to all mineral rights owners Buyer Beware! of the Oil and Gas Con Men!

Started by Capt. Cameron Smith Oct 8, 2016. 0 Replies

Warning! to all mineral rights owners Buyer Beware! of the Oil and Gas Con Men!With all the new activity here in Ok with the Stack and Scoop oil and gas plays has brought out the Oil and Gas Con men…Continue

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Comment by Deborah Lynne Gerst on Thursday

Comment by Deborah Lynne Gerst on Thursday

Virginia, maybe my message didn't go through, hopefully this helps.

Comment by Rick Rademaker on February 13, 2018 at 1:59pm

We use your exhibit A for the most part, with the no deduction language,thanks a bunch.We also just recently received a 12% late payment on another situation in Grady Co.so are familiar with that.There was not a title problem, just poor land work.When you say you have the production numbers, is that for the Edwards well going back to July 2014? If so,care to share?

Comment by M Barnes on February 13, 2018 at 12:40pm

The company I was dealing with allowed me to lease late but at the pooling rate.  That seems fair. I had a depth clause that they missed, so their leasing title opinion assumed we were leased, but the division order title opinion found the depth clause.   I have a really tight lease and no deductions which is what you want.  Yes, you should get both the leasing payment bonus and the royalties.  You can also demand under statute 52-570.10 your royalty payments and a 12% interest penalty.  (Since there was some cloud on title, it might be 6%, but since it was their mistake, ask for 12%) 

I have the production numbers. 

Comment by Rick Rademaker on February 13, 2018 at 10:19am

Thank you M. This is the Edwards 32-5 21N-3W well,completed in July of 2014.Our interest is in sect.5 20N 3W. Devon was the driller however White Star Pet. is now the operator ,which I have been in contact with,but no answers or negotiating yet.Did not realize a lease could be had after the fact.We were missed because of very poor diligence of the land company by not searching a probate document.The pooling order(626576) had only one election,$450 with 3/16 royalty so not much of a choice. It seems you are implying that most everything is now negotiable. Is that correct and what did you mean by " allowed to lease on my lease form"? Also,what about a back payment and should we obtain old production numbers? Thanks again M, WHAT WOULD WE DO WITHOUT YOU!

Comment by M Barnes on February 13, 2018 at 7:48am

Rick, you should notify the operator.  At the very least, you should be offered the pooling options or the option to lease.  This just happened to me and I was allowed to lease on my lease form and Ex A at the pooling amount choices.  If it was a good well, then I take the highest royalty choice.

Comment by Deborah Lynne Gerst on February 12, 2018 at 9:41pm

Has anyone heard rumors of White Star trying to sell some of their Garfield County holdings?

Comment by Rick Rademaker on February 6, 2018 at 10:28am

Need advice.We have just discovered that our family and some others have interest in a horizontal well that was completed about 4 years ago.No leases were offered nor were we forced pooled,somehow totally missed.Have been in contact with the operator but nothing definitive yet.Any opinions or suggestions on what our options could be would be greatly appreciated. Thanks in advance. 

Comment by Bob Hunter on August 18, 2017 at 8:51am

Sandra-I leased several places pretty much in South central Garfield in the past year and received $500 an acre which was pretty much average in my area.Remember-nothing is set in stone.Everything is negotiable!

Comment by Ben Samuels on August 18, 2017 at 8:45am
Sandra,

I have seen lease bonus rates all over the place in Garfield. The specific section/location of the minerals is the most important factor in determining worth. Where are the minerals in question located?
 

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