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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: 858
Latest Activity: 2 hours ago

Discussion Forum

1907 Land Company

Started by John Frey. Last reply by Tom Ed Moore 10 hours ago. 6 Replies

Minerals available for lease

Started by Kent Dunn. Last reply by Garland Smith on Tuesday. 2 Replies

1907 Land Company

Started by Elizabeth Taft. Last reply by Elizabeth Taft on Sunday. 2 Replies

D

Started by Alice Lemle. Last reply by Bud on Sunday. 2 Replies

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Comment by Gordon Lincoln Cummings 2 hours ago

Good article from Pennsylvania on valuing shale mineral rights.

Tools for Estimating Marcellus & Utica Shale Property Values

The advent of 8-10 wells on a single pad site and longer, deeper, horizontal lengths that we are starting to now see, affects property and mineral rights value.

http://naturalgasnow.org/tools-estimating-marcellus-utica-shale-pro...

We're getting some of those multi-well pads in Oklahoma too

Comment by Darla Charlow Ragland yesterday

Carrie, No problem. I am an experienced landman and I still run into things once in a while that cause me to head for an attorney. Just make sure they are experienced in oil and gas in Oklahoma. Attorneys have specialties just like doctors.

Comment by Carrie yesterday

Thanks for your help Darla! I wanted to make sure I understood the basics, but I think with the actual deeds I might need to talk to an attorney to make sure I understand those specifics.

Comment by Gordon Lincoln Cummings yesterday

ConocoPhillips Co. (NYSE: COP) is exiting Oklahoma's Scoop and Stack shale plays in separate sealed-bid offerings handled by EnergyNet.

In the Scoop, the Houston-based company is selling its nonop stake in 173 wells plus associated leasehold and mineral acreage for sale. Interests are being offered in Garvin, Grady, McClain and Stephens counties, Okla.

Separately, ConocoPhillips is selling 100% of its interest in the Stack Play, including nonoperated, overriding and royalty interests in 153 wells in Blaine, Caddo, Canadian, Dewey, Kingfisher and Major counties, Okla.

https://www.oilandgasinvestor.com/marketed-conocophillips-nonop-sta...

At least we're in good company.

They've already sold out in Canada, New Mexico, and a lot of Texas too.

Comment by Darla Charlow Ragland yesterday

Carrie, without reading the deed for myself I can't give you an exact answer, but what your saying is probably pretty close to correct.  Whoever owns the 12 acres should receive any money from a producing well, but will not be able to sign a lease.  The bonus could go either way depending on how the deed is written.  A lot of these old deeds also have a term limit. Be sure to read the deed carefully. Your calculations look correct.

Comment by Carrie yesterday

I'm getting confused re: non-participating royalty interests and I'm hoping someone can help me out. Let's say I have a mineral deed to my grandfather granting 180 acre interest and ten years later he signs a non-participating royalty deed granting someone 12/180th of that interest. Fast forward and I now own 1/12 of my grandfather's interest.

Does that mean for leasing purposes and bonus calculations I own 15 acres (180/12) but for royalty calculations I own 14 acres? 

Comment by Gordon Lincoln Cummings on Monday

Lots of turmoil in the oil world.

Houthis Threaten Saudi Oil Tankers

http://oilprice.com/Latest-Energy-News/World-News/Houthis-Threaten-...

Dropping the dollar: Venezuela lists oil price in Chinese yuan

https://www.rt.com/business/403577-dropping-dollar-venezuela-oil-yuan/

And Venezuela trouble alone could raise oil to $80 by October.

According to Croft, it could be the catalyst to push oil prices to $70 to $80 a barrel by fall.

https://www.cnbc.com/2017/08/02/this-hot-spot-could-push-oil-to-80-...

But Oklahoma oil is safe, secure, and dependable, If they will just leave the gross production tax ALONE.

...the 26-member House Democratic Caucus additionally announced it is requesting legislation be drafted immediately on several proposals it backed last year.

In addition to raising gross production rates from 2 to 5 percent,

http://oklahomawatch.org/2017/08/10/after-cigarette-fee-ruling-what...

Don't kill the goose that laid the golden egg.

And besides, if oil goes to $80, there will be plenty of tax money for everybody, even the Democrats!

Comment by Gordon Lincoln Cummings on September 15, 2017 at 10:27pm

This is some of the best and most important news for oil and gas that I have seen in a long time.

To have a NY Times OpEd come out in favor of the oil and gas industry, including fracking, after all the Anti-Fossil Fuel Fanaticism since the hurricanes, is really important and could indicate a real change in attitude on the part of the NY Times.

How Trump Can Harness the U.S. Energy Boom

The new energy abundance in the United States has given President Trump a historic opportunity not just to expand the country’s economy at home, but also to expand its leadership globally......Thanks largely to fracking — hydraulic fracturing of rock — the United States is now the largest producer of oil and gas combined in the world.

https://www.nytimes.com/2017/09/15/opinion/trump-energy-boom.html?a...

They're not quite up to telling the whole truth, that "Fossil Fuels Save Lives", but they are doing a lot better.

And that's good news for Grady County!

Comment by Garland Smith on September 15, 2017 at 6:31pm

Has anyone been contacted by Bearcat Land ?????

Comment by M Barnes on September 15, 2017 at 2:27pm

They should have been sent.  Check the addresses on the pooling order and make sure they are correct.  The Spacing and Multi-unit usually come first and then the pooling.  They don't always get sent by certified.  The pooling does, because they want to make sure you get it. 

 

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