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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: 265
Latest Activity: Sep 14

Discussion Forum

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?

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

Started by Tracy LaRue. Last reply by Charles Hoke Apr 17. 9 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

New Owner

Started by Greg Bowden. Last reply by Greg Bowden Mar 27. 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

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

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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
Comment by Martha McMorries on September 12, 2017 at 6:49pm

Sidney, what you are being offered per acre for your producing minerals and ORRI?

Comment by Sidney Laughlin on September 11, 2017 at 2:12pm
Don,

We have mostly producing net mineral acreages in:

E/2 NE/4 28-18N-5E. with 3/16 and ORRI OF 3/16 and .0287 respectively.

W/2 1-18N-5E 29 net mineral acres with only well being the horizontal Hill 1 1MH making over 1,000 bpm and 6,000 mcf/mth

NE/4 1-18N-5E 25.2 net mineral acres with vertical Nancy J. Laughlin lease making 180 bpm

The above we are beginning with today. You give us your best offer.
Comment by Sidney Laughlin on September 10, 2017 at 4:15pm
Pamela and I have decided to sell our minerals and ORRI in 28-18N-5E wherein the Mays #1 and Lauren are located.
Comment by Sidney Laughlin on August 12, 2017 at 7:13pm
Martha,

I just found a deed giving us another 1500 mineral acres in Payne County OK
Comment by Martha McMorries on August 1, 2017 at 2:53pm

Sidney, Glad your wife is better. It's impossible to determine an average production for Miss. or Woodford. Production rates are all over the board going from 10 bbls  to over 1,000 bbls. 

Comment by Sidney Laughlin on July 24, 2017 at 2:28pm
Tom, Martha, RW and JC,

Pamela out of hospital after two surgical procedures of open reduction and internal fixation Right Tibia/Fibula Fx. Thank you to everyone of the group for your prayers. I will never forget such.

Sidney
Comment by Sidney Laughlin on July 20, 2017 at 11:02am
Thank you all for your prayers. It was so nice to hear from you Martha. I have truly respected your knowledged comments since joining. Has anyone have a general ballpoint amount of a producing mineral acre in Payne County from Mississippian Carbonate shale or Woodford shale making 1,200.00 bpm horizontally after two years from first production run date ? It would be nice just to have some input. Sidney
 

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