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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: 454
Latest Activity: 11 hours ago

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Small a rages on Stephwns CO.

Started by Mike Skinner. Last reply by M Barnes Sep 19. 1 Reply

After Tx Tech

Stephens County Mineral Valuation Reports

Started by Carl Symcox Sep 18. 0 Replies

Please contact me if you are interested in data driven, personalized reports on the value of your minerals completed by 3rd party veteran oil and gas professionals.  Reports are very professional and…Continue

Small a rages on Stephwns CO.

Started by Mike Skinner Sep 18. 0 Replies

After Tx Tech

Small a rages on Stephwns CO.

Started by Mike Skinner Sep 18. 0 Replies

After Tx Tech

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Comment by Linda Rigtracker 11 hours ago

Energy stocks rally with OPEC deal

Sep 28 2016, 15:19 ET | By: Carl Surran, SA News Editor

The energy sector (XLE +4%) bursts to the top of the leaderboard after OPEC announces a planned production cut to 32.5M bbl/day at the informal OPEC meeting in Algiers.

Among individual energy stocks: XOM +3.8%, CVX +2.7%, RDS.A +2.8%, BP +3.4%, TOT +2.4%, PBR +4.5%, COP +6.4%, MRO +8%, MPC +1.4%, PSX +1.9%, VLO -0.1%, EOG +6.2%, PXD +6.4%, OXY +4.5%, DVN +7.9%, CLR +8.3%, APA +6.2%, NOV +8.1%, SLB +3.3%, BHI +3.6%, HAL +4.3%,

Comment by John Moseley on Monday
Comment by soonerpe on September 21, 2016 at 9:44pm

K Dawn,

Here is some info. As far as the plant is concerned the oil is not produced for the a formation rather it is "reclaimed" from waste.

"Reclaimer" or "reclamation plant" includes any person licensed by the Oklahoma Tax Commission pursuant to 68 O.S.§1015.1 who reclaims or salvages or in any way removes or extracts oil from waste products associated with the production, storage, or transportation of oil including, but not limited to BS&W, tank bottoms, pit and waste oil, and/or waste oil residue.

Comment by M Barnes on September 19, 2016 at 4:16pm

Indian Meridian is the "center line" that the most of Oklahoma townships are measured off of.  Cimarron is up in the panhandle. See attached link. The S-T-R in Stephens county are measured against the Indian Meridian.

Max, if the wells are perforated in your section township and range within the spacing of the well and lying under your description determines whether or not you get paid.   If you have acreage in the NW4 of the NW4, but the well is in the SE4 of the SE4 and spaced at 80 acres, then you would not be paid.  But if there was a horizontal well that had perforations in the section and it was spaced at 640 acres, then you would most likely would be eligible. 

http://www.ogs.ou.edu/pdf/T&R_Reference_Map.pdf

Comment by Max Reed on September 19, 2016 at 12:02pm

If there are two wells showing on our mineral rights that say under meridian "Indian" is this something that we could expect royalties from or not?.

Comment by K Dawn on September 19, 2016 at 11:32am

Wow! the History of the territory out there is something else. My Great Grandmother on my Mother's side was part Cherokee and she was a Turner. I only met her once when I was about 5, I remember her clearly and she looked very native American and she was a quiet person. It appears that most of Stephens County is on the Chickasaw reservation; being Native land; does that affect who should be paying you for that production?

Anyway, I have some other questions about Section 13 1S 5W. In 03/2012 is the date of beginning tax on it. PUN 137-126259-0-3599 for all of Section 13 1S 5W; Velma Reclaim Plant is the name. Can someone tell me what formations they are producing the reclaimed oil out of in that section? The information says Stephens County for the formation. In that section according to the PUN search for the section; everything I have an interest in is plugged in that section and the Velma Reclaim Plant is the only active production and tax record for that section. They have  been producing from there since 2012. Any information on this reclaim plant would be helpful. Maybe it is called something else by everyone; because I cannot find anything about that reclaim plant on the internet.

Hope everyone's weekend was nice! Have a Happy Monday!

Kim

Comment by K Dawn on September 17, 2016 at 10:53pm

Thank you!

Comment by soonerpe on September 17, 2016 at 10:40pm

K Dawn,

Here are a couple of links that should help.

Cimarron Meridian

Indian Meridian

Comment by K Dawn on September 17, 2016 at 10:25pm

Hello everyone! I'm sure your not online right now because your probably watching the OU game! I have a question about something that comes up when I'm looking in the well browse on occeweb; it shows in the headings it shows API, Operator#, Well Name, Well #, Well Type, Status, SEC, TWN, RNG, then M. I thought M stands for Meridian, but what exactly does that mean? All of my wells say M is Indian. Can anyone tell me what M and Indian mean on my wells?

Thank you,

GO SOONERS!

Kim

Comment by Joseph S. Toche on September 17, 2016 at 10:15pm

Google Indian Meridian.

 

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