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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

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Comment by Pepper L Mackey on August 13, 2017 at 8:33am
I received offers section 9 9 North 7 West also section 32 10 North 7th West, I'm wondering what would be a sellable price? Both properties are least 3/16
Comment by Robert G Craig on August 13, 2017 at 8:00am

Echo Energy LLC has filed with the OCC to drill horizontal wells in 20 5N 6W..

Comment by Patrick Folgers on August 13, 2017 at 12:08am

Its a very good area but also very expensive to drill and not every operator has the skills to drill to over 14K feet vertically and over 20K feet TVD, but if they do the area produces some of the best wells in the state. Any questions email pfolgers84@gmail.com

Comment by Christi Lynn Estel on August 12, 2017 at 11:06pm
I also have a lease offer in 20 5n 6w. Do you know what's going on here?
I'm not selling in any section.
Comment by M Barnes on August 12, 2017 at 9:15pm

Richard,
I have had producing wells fail, but it is usually due to mechanical problems, such as casing corrosion or structural failure, pump failure, paraffin buildups, and lots of other reasons, but not the migration of hydrocarbons. That is on a molecular level over millions of years. Not to worry about. In areas with active seismicity, there can be problems, but again, mechanical failure and pretty rare.

Christi- if they are to sell, you are probably getting low ball offers.

Comment by Christi Lynn Estel on August 12, 2017 at 9:08pm

I have received offers for 15 4n 5w and 22 4n 5w. Can anyone provide any information?

Comment by Richard Cox on August 12, 2017 at 8:57pm

Thank you for the great answer.  Your answer was much deeper than my question and I really appreciate it.  I have a holding in Alfalfa County and here and have wondered if this might be another thing to worry about.

Comment by M Barnes on August 12, 2017 at 8:16pm

Richard, there is not a simple answer for that question. There is quite a bit of movement in the crust all the time, but it depends upon where you are talking about and what the movement is and how deep and what kind it is.  The crust is very thick, so your question could involve quite a bit of territory.  Most of the petroleum reserves that are sitting in both conventional and unconventional reservoirs has been sitting there for millions and millions of years.  Over time and due to older tectonic activity, some former reservoirs have leaked out.  For a currently active well to be affected by current movements, it would depend upon the situation, such as a fault that goes through the well bore and damages casing and would be pretty rare.   If you could be more specific, I can answer it offline.  Dangerous to make an assumption without more data since so many factors are involved. 

Comment by Richard Cox on August 12, 2017 at 3:16pm

I have a sensitive, but, pertinent question, Does movement of the upper crust of the earth in any way affect the distribution of petroleum among the wells currently active? 

Comment by Michael Hutchison on August 12, 2017 at 1:44pm

That is a very simplified view, the oil and gas in the horizontals are trapped in rock or shale and that's where fracturing or fracking comes in. The rock must be fractured to release the oil and gas.

 

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