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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: 273
Latest Activity: on Tuesday

Discussion Forum

Whitestar Sept Checks

Started by Jay Pruitt. Last reply by JC on Tuesday. 5 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

Is anyone familiar with Icehouse Energy and Investments LLc?

Started by Jodean Harris. Last reply by Martha McMorries Dec 19, 2017. 10 Replies

This company is offering to purchase minerals $300 per acre. Has anyone else received this offer? They have a POB in Cushing OK, and a cell phone.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, 2017. 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, 2017. 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

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Comment by G. Win on December 8, 2017 at 2:56pm

That is what I thought. Thank you!!!

Comment by Jay Pruitt on December 8, 2017 at 11:45am

Usually Pooling orders are only good for a certain time frame.  You would have to read in the pooling order to see the time frame.

Permits to drill expire and can be extended by paying an additional fee.

Comment by G. Win on December 7, 2017 at 1:01pm

What happens if a company gets all the paperwork completed including the  pooling and the OCC has given the drilling permit but they haven't drilled in 3 years. Do they have to start the paperwork process over again in order to drill. I signed a 2 year lease extension in May of 2016. Do they have to go back to the commission to apply for a new drilling permit??

Comment by Martha McMorries on November 7, 2017 at 8:12am

Tom, I agree and never sign up for direct deposit. 

Comment by Tom Ed Moore on November 7, 2017 at 6:12am

Beware the wording in direct deposit agreements. In another county Newfield Exploration slipped in a clause in their deposit agreement that required any litigations have to filed in their home state, Woodlands, Texas. That was enough for me to never accept direct deposits from any companies, even ones headquartered in Oklahoma.

Comment by RICK FAHLE on November 6, 2017 at 7:30pm

On October 13, WSP sent me an Excel worksheet (likely what is uploaded to PDS or Oildex) that showed all needed details to record the revenue, taxes and deductions - that was for September 2017.  This was only 2 days after the deposit.  This month, they said "truly sorry" no sheets available.

Comment by Martha McMorries on November 6, 2017 at 7:27pm

Rick, I don't have direct deposit and still not getting revenue run print outs.  Not good.

Comment by RICK FAHLE on November 6, 2017 at 7:15pm

Now all of the historical WSP statements have been cleared from Oildex.  I can only hope this means they will be loading revenue files for those of us on direct deposit. 

Comment by Sam Branson on November 6, 2017 at 7:10pm
Re the screw up with White Star accounting. Back before the changeover, they messed up on one of our wells and changed all the mineral interests to just 25% of what the actual interests were. They messed around for a few months "trying" to fix the "unfortunate glitch" in the accounting system. Then the dummies corrected the mineral rights amounts and sent out corrected checks -- for the full amount. So now we had received 125% of the royalties owed. Took another few months before they figured that out.
Comment by Martha McMorries on November 6, 2017 at 6:52pm

Good news is W-Str has planned to drilled more wells in Logan close to Payne and Middle East recent upsets signal changes in ruling princes as well as in oil price.  Oil will be king again.

 

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