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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: 18 hours ago

Discussion Forum

6-7 What offers have you received?

Started by K. Last reply by Garland Smith yesterday. 1 Reply

Can anyone help explain this to me?

Started by Michele Coberly. Last reply by Michele Coberly on Thursday. 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

Comment Wall

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Comment by Michael Hutchison on August 12, 2017 at 1:35pm

Pepper, I think you answered your own question, they are expecting to make a nice return on their investment. That would be several years of getting the royalties you would've gotten by holding on to it. It depends on your personal situation but if you don't have an immediate need for the money and expect to live another decade or more you should probably hold what you've got. Horizontal drilling is about the only way to recover oil and gas from the formations now being explored. Picture the horizontal formations as rivers with greater length than depth while vertical sources are more like underground lakes, a whole different ballgame.

Comment by Pepper L Mackey on August 12, 2017 at 10:58am
I'm trying to figure out why a company would offer $12,000 an acre to purchase mineral rights if they didn't feel that they'd make two or three times or their investment or more. Is horizontal drilling that much better and would it pay a landowner not to take the money with the potential of a company Drilling and receiving your Revenue that away?
Comment by m denney on August 11, 2017 at 1:08pm

Reading several offers to buy......I get them now & then--highest was $12,000. just a couple of months ago.  Due to the Vanguard bankruptcy nothings seems to be happening with the 5-5-6 area.....I'm still holding out for the future!  

Comment by Richard Cox on August 9, 2017 at 6:23pm

I got a call offering to buy all or part of my interest in 9-8N-6W.  First nibble in a long time.  On the surface it sounded good, but, if he wants it, I want it more.  

Comment by C P on August 7, 2017 at 7:21pm

M Barnes, you are a peach! Thank you.

Comment by John morgan on August 7, 2017 at 2:36pm
Laura, I would begin with the OCC WELL BROWSE SITE.
Comment by Laura Wheelock on August 7, 2017 at 2:29pm
Where can we find a map that shows existing active oil wells in Grady County?
Comment by John morgan on August 7, 2017 at 1:44pm
Tks for the magic words/ thoughts -worked that time.
John
Comment by M Barnes on August 7, 2017 at 1:40pm

just hit the blue icon next to my name and ask to be friends again.  I found it doesn't always work the same on my phone. 

Comment by John morgan on August 7, 2017 at 1:31pm
Tks M. for the outstanding Map.

Once I had a Desktop computer and we were Friends.
Now on a cellpcellphone and it doesn't seem like we are.
How do I reactivate that Friendship status?
There were some other's also and ALL appear to be gone.
Tks John
 

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