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Grady County, OK - Oil & Gas Discussion

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Grady County, OK - Oil & Gas Discussion

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

 

Members: 880
Latest Activity: 1 hour ago

Discussion Forum

Can anyone help explain this to me?

Started by Michele Coberly. Last reply by Michele Coberly yesterday. 5 Replies

Grady 7N-5W, Lease Bonuses

Started by Christine Putnam. Last reply by Christine Putnam on Tuesday. 6 Replies

S35-4N-5W (E2 NE4)

Started by Alice Sue Wilson. Last reply by Robin Valentine Nov 6. 4 Replies

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Comment by rdub 15 hours ago

Howdy,

All you homeowners, Rebellion is leasing Chix city limits for a 3 mile lateral. Also, they are drilling under Norge Marchand Unit, at west end of Grand, two sections under about 12 shallow vertical wells.

Exxon just announced 4 wells with 3 mile laterals in Bakken.

Comment by Moran Family 16 hours ago
M Barnes, thanks for the info!
Comment by Richard Dennis 18 hours ago

Section 34, 6 North, 7 West.  Is there a site where this info is recorded?

Comment by M Barnes 19 hours ago

Richard,

What is the section, township and range for your new tract?

Need to know that before it can be looked up.

Comment by Richard Dennis 19 hours ago

We recently inherited a Grady county lease.  How can you find out if it is currently leased?  We haven't found any papers regarding a lease agreement.

Comment by M Barnes 20 hours ago

Technically, the well must be economic-making enough oil and/gas to pay the electricity to pump it out, the pumper employee to come by and check on it, all the expenses for the well, etc.  Realistically, companies hang onto some old vertical wells far longer than they should in hopes to cut a deal and get horizontal drilling.  They hold onto old 1/8th leases and block us from getting higher royalty leases.  Each lease amount is different from a per barrel point of view. 

Comment by Moran Family 22 hours ago
Regarding existing leases that are producing, does anyone know how much production is required for the leaseholder to maintain that lease, if any? For example, there is an actively producing lease from the 1970s, but production from the well is less than 50 barrels per month.
Comment by Papa Gordon yesterday

Cole, which section in 6-6?  Can you be more specific?

Comment by John Charles Anderson yesterday

Thank You Mr. Barnes for your suggestion.

This is what the landman gave me as follows.

Lot 4 and N/2 SW/4 NW/4 and SW/4 SE/4 NW/4

Section 2,Township 7 North range 5 West.  69.97 acres of land. 

Comment by Cole on Wednesday

What is everyone currently being offered to lease in 6-6. Also have minerals in 10-5, curious about that area as well.

 

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