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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: 260
Latest Activity: yesterday

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New Owner

Started by Greg Bowden. Last reply by Greg Bowden yesterday. 2 Replies

Hi guy's, what's the best way to find out if there's any activity in Payne County Section 4 Township 19N, 4E, 4/SW      Thanks for any help and advise.      GregContinue

Please help--What is a fair rate for rentals and royalties in Section 35 in Payne County

Started by Tracy LaRue. Last reply by Tracy LaRue Feb 14. 8 Replies

I inherited mineral rights in Payne county. As I am just about to sign a new lease agreement, I would like to know the general going rates for lease and royalties. it's identified as Lot 3 & NE/4…Continue

Keywords: payne, county, rights, mineral, worth

Payne Co Permits & Completion reports

Started by Jay Pruitt. Last reply by Greg_W Aug 9, 2016. 4 Replies

PAYNE COUNTYWhite Star Petroleum Llc Mississippian(4891): Oil 25 Gas 21 Water 728 Pump31 18N…Continue

Advice/help with mineral rights

Started by Sandra Gale. Last reply by Rick Howell Jun 1, 2016. 1 Reply

I have a question about mineral rights inherited by myself and my siblings.  The land description is NE/4 of Section 10, Township 19N, Range 6 East of the Indian Meridian, Payne County Oklahoma.  My…Continue

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Comment by Martha McMorries on March 21, 2017 at 3:20pm

Late last year, White Star acquired 12,000 net acres, mostly held by production, from Double Energy, 18,500 net acres from Lighthouse Oil and Gas and Sundance Energy's 18,500 producing and non-producing net acres in Dewey, Garfield, Logan, Noble, and Payne counties. The Sundance deal should close in the second quarter. And White Star increased their borrowing base by 55 million.  White Star, formerly AEP Woodford, now has over 200,000 net acres in north central Oklahoma and will be drilling more wells.

Comment by Martha McMorries on February 17, 2017 at 2:17pm

India is taking over from China as the world’s largest importer of US oil and LNG with demand growth expected to hold through 2040.  Major analysts and EIA predict 2017 oil prices will rage from $10 to $90, but claim 2017 will be the year oil prices stabilize.  So, I guessing a push down to $10 will just be an opportunity to invest before the quick rebound.  

Comment by Jay Pruitt on February 2, 2017 at 11:50am

Months ago I contacted White Star as 4+ wells were showing low to no production.  I was told the ESP pumps were down and they would replace with insert pumps and Pumpjacks in the coming months.  White Start is trying to keep down LOE cost.  In O&G there are budgeting for LOE (Lease Operating Expense) and budgeting for capital expenditures AFE (Authority for Expenditure)  Repairing and mainteance falls under LOE cost.  Companies performance etc, pay it based off of making or not making LOE budgets.  Hopefully with oil up a bit they will get out there and make the needed repairs to bring production back online.  However while they are still producing small amounts with production equipment down they are still holding the lease open.  Nothing we can do about that but wait and hope.

Comment by Phillip Beall on February 2, 2017 at 11:41am

Thanks Martha for the contact info, and for sharing your knowledge with the Payne county group. 

Comment by Martha McMorries on February 2, 2017 at 11:37am

Sorry that came out in big bold letters.  I copied and pasted from her email. White Star is charging me post deductions and I have a no deduct clause in my lease.  They are supposed to be correcting it, but haven't yet. 

Comment by Martha McMorries on February 2, 2017 at 11:34am

Another White Star Contact:

Lynzee.Kever@wstr.com

Lynzee Kever

 | 

Owner Relations Technician 405-252-5755


 

Comment by Phillip Beall on February 2, 2017 at 11:00am

Thanks all for the info. Perhaps Long Branch 9-20N-2E is in maintenance mode.  On statement only oil produced in Oct 2017 no gas.  I spoke with White Star owner relations. Laurie only person in that position. She said she was trying to return calls as soon as she could. Laurie also only person to respond to web site OwnerRelation@WSTR.com.  I asked who could I speak with to encourage more support. She indicated the company was trying to add more support staff.  Will see what happens with White Star over next few months. 

Comment by Martha McMorries on February 1, 2017 at 11:10am

Rick, thanks for the info. Reports out today claim Saudi's are curtailing production, but they claim they will not continue unless US shale producers cut production also.  Looks like we are experiencing adherence to that month old agreement.  Saudi's desperately need higher oil prices, but don't want US shale reaping all the rewards.

Comment by RICK FAHLE on February 1, 2017 at 10:32am

White Star is doing major rebuilds on many former Devon wells, they are pulling ESP pumps and replacing with pump jacks.  The operating costs on these wells are dropping significantly.  There are production interruptions that have been 30 - 60 days on some Logan County wells, flow rates after restarting are in fact meaningfully lower.  I hope they are right that slowing production to get more oil at higher prices producing more total revenue (NPV).

Comment by David B Bradshaw on February 1, 2017 at 10:21am

FYI  Ethridge 36-2 WX  (01-17N-04E) with active date of 01/16/2014 has been down for maintenance as per White Star owner relations since April, 2016 with minimal amounts of natural gas produced.    No indication as to how long the maintenance will last.   

 

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