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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: 753
Latest Activity: 7 hours ago

Discussion Forum

Agwam Area

Started by Wanda Cofer Gray. Last reply by Marcus T on Sunday. 11 Replies

10N-8W-Sec 6 Lease Offers

Started by Greg Lawrence. Last reply by M Barnes Feb 15. 7 Replies

Lease offer 35-9N-7W

Started by Jillian Nauls. Last reply by JBG Feb 15. 2 Replies

Division order property listing

Started by Jillian Nauls. Last reply by M Barnes Feb 10. 3 Replies

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Comment by Debra Cummings 7 hours ago

Remember that the initial production will drop off extremely quickly,

Here's how the Natural Gas Forums royalty calculator  (for the Pauline well at 6,745 mcf for10 acres at $3.00 at 3/16)  breaks down the decline in natural gas production over 20 years. I'm not sure if these figures are for a shale well or a conventional well or how accurate they are but they could be a pretty good indicator.

http://www.naturalgasforums.com/widget_simple_royalty_calc.php

Year 1: $6,427.53 Year 2: $4,820.65
Year 3: $3,615.49 Year 4: $3,362.40
Year 5: $3,127.03 Year 6: $2,908.14
Year 7: $2,704.57 Year 8: $2,515.25
Year 9: $2,339.18 Year 10: $2,175.44
Year 11: $2,023.16 Year 12: $1,881.54
*Year 13: $2,822.31 Year 14: $2,624.75
Year 15: $2,441.01 Year 16: $2,270.14
Year 17: $2,111.23 Year 18: $1,963.45
Year 19: $1,826.01

Year 20: $1,698.19

Comment by m denney 8 hours ago

Linda Y: I had the same question about Titanium Exploration however what they've done is set up royalty payments C/O of Vanguard (as a management set up). Eagle Rock and Vanguard are apparantly related corps as they are both listed on the Bankruptcy petition. I phoned Vanguard & was told the Vanguard would have nothing to do with royalty payments and the court has approved their paying royalties anyway....but no royalty check in about 2 months. Our well (Linton) was shut down for repairs, I was told it was hit by a frac by Continental...should be fixed by now. Linda, Vanguard is providing phone numbers and any creditors can go to the 1st meeting of creditors...but I dont live there..you should call & bug them with your questions (I do)...and they always return my calls

Comment by Linda Yanni 10 hours ago

This is in response to the question from M Denny. We have been getting bankruptcy notices for Vanguard as well. We signed a contract with Eagle Rock and received our bonus check. Then Eagle Rock was then bought out by Vanguard. Then our minerals were pooled by Continental. I'm thinking since our minerals are part of the Continental group that we are not affected by the bankruptcy. Is this correct?

Comment by jake allen 11 hours ago

rick s,

CLR announced today that they intend to begin drilling new springer wells in 2017 did not mention where.

Comment by Rick S 12 hours ago

What do you think oil prices need to be at to start drilling more Springer wells in 7N 6W?

Comment by Sylvester W. Brock, Jr. 14 hours ago

Martha: Thanks. Nothing in my bailiwick, dammit. But something might come up! In the meantime, the wells are still producing.

Jim B

Comment by Sylvester W. Brock, Jr. 14 hours ago

Just got an inquiry about my royalty interests in 35-8-6, 25-8-6 and 9-7-5 with prospective price of $5000 to $8000 per nma. All have producing wells. Not interested in selling, but what is going on to arouse this interest?

Comment by M Barnes 17 hours ago

Remember that the initial production will drop off extremely quickly, so don't think that you will get that high number for long. Also, factor in your taxes and if the well is multi unit. Robert, email me for a better spreadsheet. Always improving.

Comment by M Barnes 17 hours ago

Remember that the initial production will drop off extremely quickly, so don't think that you will get that high number for long. Also, factor in your taxes and if the well is multi unit. Robert, email me for a better spreadsheet. Always improving.

Comment by Don Bray 18 hours ago

Close enough... my spreadsheet (from M Barnes I think) has $395.51 per day.

NMACalculation.xlsx 

 

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