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Stephens County, OK - Oil & Gas Discussion

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Stephens County, OK - Oil & Gas Discussion

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

Members: 384
Latest Activity: 1 hour ago

Discussion Forum

Stephens County OK Oil & Gas Permits

Started by Dave Thompson. Last reply by Clint Liles 3 hours ago. 225 Replies

Post, discuss and share information related to Stephens County Oil & Gas permits in the replies below.Thank you to Clint Liles for championing the effort to keep us all up to date.Continue

14-1N-6W Bearcat Land on behalf of Continental proposed drilling.

Started by LeeAnn Franco. Last reply by M Barnes 16 hours ago. 15 Replies

Bearcat is 2 years into a 3 year lease on my property. They are now offering for me to lease or assign interest to continental for bonus consideration with 4 offers. $1600 per net acre with an 1/8th;…Continue

Section 11-1N-6W & 2-1N-6W

Started by John H. Last reply by SJK on Thursday. 16 Replies

New to the forum!  Does anyone know the results of the pooling hearing for Section 11-1N-6W & 2-1N-6W?  I have been barraged with lease offers.  This is my great grandfather's mineral lease so I…Continue

introduction

Started by Mitzi Renee. Last reply by SJK on Thursday. 14 Replies

Hi. I'm new here. I have inherited some mineral rights, probably not much and I really don't know ANYTHING! about what I have or what to expect. I have been getting offers for my share. We were force…Continue

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Comment by K Dawn 1 hour ago
Forgot to tell you...not playable...restrung with black cord for looks! I don't know if you could make one that played, sure would be pretty and one of a kind!
Comment by K Dawn 2 hours ago
Michael,
It's a guitar with mosaic stones glued on it. You can make one pretty easy.
Comment by John Scheve 4 hours ago

Thanks. I do have a couple of questions I would like to ask them about lease terms. Sounds like they will listen. 

Comment by S D Mier 4 hours ago
John S, My family has just dealt with Echo on minerals about to be pooled and we have been very pleased. Matthew did everything he said he would. They paid a premium bonus and agreed to all our lease terms. So far, all is good and we would definitely sign with them in the future. We did have the benefit of having some close associates of a family member have a positive experience with Echo. Good luck.
Comment by John Scheve 4 hours ago

Has anyone dealt with Echo Energy? We have an attractive lease offer from them. I understand that they are folks who left Chesapeake, but can't find much about them on the internet.

 

Comment by Michael Hutchison 6 hours ago

Mike, thanks for the kind words.

Comment by Mike McR 6 hours ago
Martha and Hutch, I thought I sent a big thank you for your comments but I guess I hit the wrong send. So consider this a belated thanks. We wish we had known about this site when helping our Mom in 2010 with leasing decisions. Newfield sort of got the best of us but it could have been worse.

Those of you who are in leasing positions Please pay attention to what Rick, Hutch, Martha and Linda are telling you. They have great experiences.
There is a simple truth. Anyone who wants to purchase your minerals wants to at least double their cash flow.
Comment by SJK 9 hours ago
Thanks RW!
Comment by r w kennedy 9 hours ago

If you want to research your "pre-lease" it's commonly known as a Top Lease. I am usually not in favor of top leasing for many of the same reasons I don't like unpaid options in a lease agreement. If someone wants to top themselves in a top lease, I would say , why don't we just jump to a new lease agreement, a novation. The reason a company would want to top themselves is in hopes that a well is drilled during the period of the first lease so that they never need pay you the remainder of the top lease bonus. They want insurance and they want you to sell them the insurance at a discount. They also get the advantage of your minerals not hitting the open market again where the market and competition sets the price. Good luck.

Comment by Kirk Bloomquist 10 hours ago

By the way, I will send you a friend request and we can talk further this if you like. There are other factors (clauses) you will want to know about before you lease.

 

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