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Payne County, OK - Oil & Gas Discussion

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Payne County, OK - Oil & Gas Discussion

Oil & gas discussion group for those interested in Payne County, OK. Share your experience regarding lease bonus, royalty rates, drilling activity, and oil & gas news.

Members: 268
Latest Activity: on Thursday

Discussion Forum

Whitestar Sept Checks

Started by Jay Pruitt. Last reply by Quentin Voyles on Thursday. 3 Replies

Any else still waiting on White Star to finish their system conversion so they can send out royalty checks?  This is what I was told last week when I emailed them.  They are not even loaded in PDS…Continue

horizontal spacing order no. 626482 relief and/or amend? cause cd no 20170602-T

Started by jerry patterson. Last reply by Martha McMorries Sep 25. 1 Reply

roberson oil company sent me as a respondent notice of a hearing before the corporation commission in tulsa about relief being sought the horizontal spacing of my section 23 township 20n range 3 e.…Continue

MDS Minerals,Chandler, OK - Anyone familiar with them?

Started by Jodean Harris. Last reply by Jodean Harris Sep 21. 2 Replies

Has anyone received lease offer from MDS Minerals in Payne County? They're offering $50 acre 3 yr lease. Seems ridiculous, but I'm not current on oil patch activity.Continue

Price Per Acre

Started by Sidney Laughlin Jul 4. 0 Replies

What is fair price for producing net mineral acre in Payne County Oklahoma from Mississippian and Woodford Shale?

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Comment by RICK FAHLE on Thursday

WSP September revenue direct deposits occurred on Tuesday 

Comment by Jay Pruitt on Thursday
Comment by Martha McMorries on Thursday

Thanks JC

Comment by JC on Thursday

I emailed W-Str owner relations last evening asking when checks will be sent. Received a response this morning stating direct deposit and checks have been sent this week, but the PDS site is still not functioning.  J. C.

Comment by Martha McMorries on October 11, 2017 at 9:55am

Nathan, White Star didn't send last checks and they have shut-in good wells.  Not sure seismic is real reason.

Comment by S Nathan Roberts on October 11, 2017 at 9:40am
I would like to find out what is going on with White Star also. Very recently we had negotiated a new lease with them, contracts were signed and mailed, Bank drafts were sent, and then at the last minute they backed out. Land man said he didn't know what was going on either, but thought that it may be because of seismic activity in the area.
Comment by JC on October 11, 2017 at 9:12am

I was told a week ago there was a problem at White-Star with the new accounting system. Our latest check info still isn't on available online and we haven't received our checks. Has any one heard any thing about their problems? Thanks,  JC

Comment by Martha McMorries on September 13, 2017 at 12:59pm

Sidney, I was afraid of that low offer.  I wouldn't sell for less than $3,000 per acre.  Buyers assume that you have to sell and will offer you less.  Crown Energy has a location except in 8-18N-05E filed 2/24/2017.  Drilling will start back up once oil price settles and stays above $50 or 60.  Banks have just signaled they will lend to O/G biz again.  Bad time to sell unless you absolutely have to.  Can you wait a year or two?

Comment by Jay Pruitt on September 13, 2017 at 12:29pm

Hi Sidney if you want to message me your contact information I can see if I can get you a better price than that if yo have to sell.  

Thanks Jayson

Comment by Sidney Laughlin on September 13, 2017 at 10:29am
Martha,

It is rediculous what we are being offered--$300.00 per acre based on the salt water disposal issue. I have read that seismographic activity is minimal in Payne County. Do you realize buyers I have talked to are not separating mineral rights from ORR! Anyway if you have some idea please inform.

Sidney
 

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