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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: 416
Latest Activity: 12 hours ago

Discussion Forum

Stephens County Chit-Chat

Started by Rick Howell. Last reply by Linda Rigtracker 12 hours ago. 196 Replies

Discussion area of off-topic items not directly related to oil and gas issues.   Continue

Marathon completed wells in 12 and 1 of 1S 5W

Started by Paul Woolsey. Last reply by Huey Paxton on Wednesday. 7 Replies

I own minerals in 12 of 1 South 5 West.  Marathon completed a well last June 23 reporting 151 bpd and 1098 mcf gas.   They show a "first sales date" of June 27.I have never received division orders…Continue

Lease offer on Section 18-2N-5W

Started by Melody Davis. Last reply by Josh Hosler May 13. 3 Replies

Hi everyone -I received an offier from Hal C. Smith & Associates on 13.333 net acres I own, Section 18-2N-5W.   They would like to acquire a three year lease for the following terms:  $1200/acre…Continue

Lease offer Section 25 8N 5W

Started by Val C Carter. Last reply by Val C Carter May 12. 4 Replies

I received a lease offer from Hal Smith for Section 25 8N 5W for 1/5 but just $800 per acre.  Is this a little low?  Val Connell CarterContinue

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Comment by Linda Rigtracker 12 hours ago

As we went south to Healdton to my aunt's funeral yesterday we went through some of the diggings to see what we could see.  There were three or four rigs up around Rush Creek (in Garvin Co) and they were sitting up the base of the rig on Section 15 2n4w (I believe this to be one of the new Vanarkels) and when we came back through late yesterday evening they had the derrick standing on it.  Hubby said "they'll probably be drilling on that thing tomorrow or the next day".  Also saw some of the rigs over east of highway 76 and north of highway 29 in Garvin Co.  Don't remember the names of them at the moment. 

Had a nice man from Echo call to visit with me a couple of days ago after the talk on here about the good offers they are giving to purchase royalty.  He said sections 20, 17 and 11 in 2n4w are kind of like a Lexus in the car business.  That's the main ones he seemed to be interested in at the moment.  Said the $40,000 an acre would be pretty close to those offers.  He reads these post on here so he knew we had been talking about them I guess.  Just wanted me to know they were legit. That's some mighty big bucks!  Sure never thought any of that stuff would be worth anywhere close to that.  I told him we didn't have anything in those three sections but that we had friends that did if that counted! lol

Comment by Michael Hutchison 20 hours ago

Thanks Mark, actually the I.P. on these wells is even more than the reports add up to according to CLR's presentation.

Comment by Mark Delehanty 20 hours ago

Michael, and all others with an interest in the Poteet sections, congratulations!   We can see why they call this the "sweet Spot."        Mark Delehanty

Comment by Michael Hutchison 23 hours ago
Comment by Linda Rigtracker yesterday
Comment by K Dawn Bauer on Wednesday

Good afternoon everyone! Has anyone got division orders from Marathon on the 1-19 HK-DOOM in section 19 1S 4W?  I spoke with Marathon a couple of weeks ago; and she said sometime in May or June. Well May is almost gone.....

Comment by Michael Joslyn on Wednesday

Anyone heard anything on the Hatchet 1H-33XR?

Comment by R Shahan on Wednesday

That's great news. I will pass it along to my relatives. Thanks.

Comment by M Barnes on Wednesday

R and Karen, 

Good news on 16 & 21, 2N-5W.  Progress is coming.  I think this well may have more gas than oil, so keep that in mind in your calculations.  Make sure you get a good lease and good Exhibit A.  

R-friend me. Hit on the blue icon. 

Comment by Karen Slikker on Wednesday

P.S. We have just received a copy of the Authorization for Expenditure, so we're thinking it's pretty likely that there will be drilling within the next year.

 

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