Kern County, CA - Oil & Gas Discussion

Comment

Comment by William Zhou on April 5, 2012 at 2:41am

Hi all, I am very happy to find this group. I was wondering if there is any independent oil producers who are interested enhanced oil recovery (EOR)? our company are very good at chemical enhanced oil recovery technology. we want to lease some oilfield or collaborate with operators to do EOR. We offer both finance and technology investment.

Email me at williamzhou.hybo@gmail.com if you are intersted.

Comment by Laura Alders on February 20, 2012 at 11:36pm

Thanks Shane, I appreciate your reply.

Comment by Shane Ripley on February 20, 2012 at 9:41pm

A good land man/person can give you a ball park or you can list in EnergyNet.com. Best of luck to you

Comment by Laura Alders on February 20, 2012 at 3:27pm

How do you value mineral rights for sale? Do you have to get a geologist to do a report on the land first?

Comment by Jean M. Pledger on February 12, 2012 at 3:19pm

With regard to a timeline for "hitting oil," the term of the lease dictates this.  For example, in a typical lease if you have a five year primary term, the oil company must drill and begin to produce oil in paying quantities within that five year time frame.  The secondary term only begins and continues if the oil company is either drilling or producing in paying quantities after five years.  This is how the lease is held after the primary term.  Otherwise, the lease terminates.  During the primary term, the lease is held by the paying of rents.

Hope this helps.

Jean M. Pledger, Esq.
EHRLICH - PLEDGER LAW, LLP

Comment by Tamra Hurschelle Reed Shorr on February 9, 2012 at 10:00pm

I just forund out I own mineral rights in Kern County.  Mineral rights lease doesn't sound promising. Hitting oil does. Anyone have a "time line" from setting up the right to hitting oil? I have no idea and am looking for a "ballpark" number

Comment by Laura Alders on February 6, 2012 at 8:00pm

You guys I also learned about the "pugh clause", you should add this to a contract before you sign. I was told this by a friend who retired from Chevron he negotiated contracts for them worldwide. For info I found this:  http://pagaslaw.net/pugh_clause.html

Comment by Laura Alders on February 6, 2012 at 7:48pm

Hi I am a new member as well. My family has 64 acres location:

T S32, R 26E, sec. 11, begining SW corner of sec. 11. We are looking to contact our neighbors in this area to share information and who the landsmen are that they are dealing with. From all the research I have done the first thing you do is compare notes with your neighboring parcel owners, as a group we can use eachother to share useful information before negotiating contracts. 

Comment by Dave Crimp on January 8, 2012 at 11:20pm

Hi Folks - I'm a new member, now considering a proposed lease of a family owned 30 acre parcel several miles northeast of McKittrick CA.  Most other family members have signed, at $25/acre.  Speaking to the landsman, White Wolf of Bakersfield, I requested their exploration schedule but so far they've been unable to provide this.  I asked if lands were leased for purposes of keeping them undeveloped, improving the prospects of nearby properties being pumped by Oxy?  No, she assured me, that doesn't make economic sense to lease without intent to develop.  Comments on this, or on White Wolf in general, would be much appreciated?  Thanks.

Comment by Swensn on January 5, 2012 at 5:48pm

I too was approach by Oxy sometime back. They did an seismic exploration and haven't heard anything since then. Landman said the testing was actually completed back in January 2011 and test results were currently being reviewed. I heard the process takes months if not years. My small parcel is located in Section 35, 23E, 32S.

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