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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.

 

Members: 407
Latest Activity: 1 hour ago

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Videos and Other Good Material about the SCOOP for NEWBIES!

Started by Linda Rigtracker. Last reply by Don Bray 15 hours ago. 12 Replies

If you are a newbie to this group you will want to see some of this information and I welcome any additions anyone wants to make to keep us all informed! …Continue

Grady County OK Oil & Gas Permits

Started by Dave Thompson. Last reply by Clint Liles yesterday. 118 Replies

Post, discuss and share information related to Grady County Oil & Gas permits in the replies below.Thank you to Clint Liles for championing the effort to keep us all up to date.Continue

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Comment by Linda Rigtracker 1 hour ago

Thank You So Much John!  Such a beautiful thought to start our "Resurrection Day"!

Comment by John Tennison 1 hour ago

Comment by Linda Rigtracker 23 hours ago

Oh, yeah, I see what you were getting at now!  Thanks Ron!

Comment by Ron McKenzie 23 hours ago

Linda   That is another reason the investor has to buy Lee's interest .He would have no lease operating expense with his 15/16 like a WI owner would.

Comment by Linda Rigtracker 23 hours ago

If you take a working interest in a well you would never get out of helping with the expenses, right?  So if the well is doing well it's okay but when the well goes down you might be having to pay more than you get back, right?  Hubby said he's heard many investors in wells say "they're operating me to death".  Guess if you've got plenty of money to burn and like to take those chances it'd be alright but I don't believe we would be interested in any of that. 

Comment by Ron McKenzie yesterday

 If I have one acre and I take a working interest in four well for $60,000 I get 16/16 of one acre in four wells.  If I buy 5 acres that has been leased for 3/16 for $25,000 I would have an interest equal to 15/16 of one acre in 4 wells for $25,000. 

Comment by Ron McKenzie yesterday

Lee from June 13 to the end of Nov 2013 that well would have paid you about $30,000 I think. 39,828 BO and 103,636 MCF of gas . That is just one well.

Comment by Lee Cooper yesterday

Thank you to everyone, especially Ms. Williams for the homework assignment!

Comment by Ron McKenzie yesterday

 Lee I have interest in 4 also .  Here is why they want to buy. This is a mile north.

http://imaging.occeweb.com/OG/Well%20Records/1DD1615D.pdf

Comment by Linda Rigtracker yesterday

As far as I can tell ALL of Grady Co. is in the SCOOP!

 

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