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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: 389
Latest Activity: 4 hours ago

Discussion Forum

Questions on title of mineral rights

Started by Debbie Ferguson. Last reply by Stephen A. Barr 4 hours ago. 2 Replies

I've tried searching land records for mineral rights for Stephens County & I can't find details for books and pages that should be there.  Where else can I look?  Looking for Sec 18 T 2N R4W.Continue

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

Started by John H. Last reply by Blake Smith yesterday. 17 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

1N-6W -- Bonus and Royalty

Started by Blake Smith yesterday. 0 Replies

Has anyone had any offers in this Township and Range? If so, what were they and from whom? ThanksContinue

Stephens County Chit-Chat

Started by Rick Howell. Last reply by Linda Rigtracker on Friday. 190 Replies

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

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Comment by Diane Adams Trafton on Monday
Thanks, Ed!
Comment by Ed Sharp on Sunday

Jerry & Diane,

Oceana, S17 1N 5W, Halliburton is setting up to frac. 

Comment by Lynn Lansford on Sunday

Thank you Bob Titley. That makes sense. Glad I helped them out then.

Comment by Bob Titley on Sunday

Virginia...Continental is in the township..there are some decent gas wells not far form you. The offer is a decent offer on bonus and royalty.  But I would still wait if you have only been approached by one company.  Your royalty is 1/4, and people are getting decent bonuses at 1/4 lately.  

Comment by Bob Titley on Sunday

Lynn Lansford....that company that is enquiring is likely getting pooled and does not like the pooling terms, so they are fishing to find out what the highest lease rate paid in the area is.   No harm in sharing that information I dint think, and might help a fellow mineral owner.  In todays world, the smaller oil companies are often on the same side of the fight as the mineral owners.

Comment by Bob Titley on Sunday

Karen:  The other thing is if the other company is offering you a bonus...surely they have dine their land work.  IF you signed it that would be called a top lease, a lease that becomes active if the current lease term expires.  If you are clear in the lease language that it is a top lease, I think you are fine signing it...they then take the risk on the bonus...alternatively you can have them find out the status of drilling operations...they may know something.  But if the primary is ending next month..just sit tight.  There is nothing you can do that will change the operators actions.  Just start digging after the primary is up.  Also..is there any clause in the lease language that requires you to give them notice and a cure period to pay you the extension bonus?   

Comment by Bob Titley on Sunday

Karen: Sorry my last response, I forgot the issue was extension of the primary term.  Its weird...I see the location exception order that  Joseph posted.  But I can find no pooling order or permit.  Very strange.  There are some big gas wells in the east part of that township 2-3 miles east of you.  

Comment by Bob Titley on Sunday

Karen:  $2,000 @ 22% isn't bad.  Top royalty is 1/4...only in the last year have there started to be bonuses on a 1/4.  $800 @ 1/4 I know of...I have heard of larger being paid from someone on this forum but I cant recall which county or township.   

Comment by K Dawn on Sunday
Linda,
Thank you for your explanation. Sorry it took so long took reply; you are right about the shallow wells. And you did a great job explaining. I think most of the wells are at 800ft except the H wells and the are at about half way down in between the top and where the SCOOP is located. They must have the must have the 1996 H wells in Sec 11 &13 1S 5W must be the ones that are shut-in; I haven't been paid on them for years. What is the Hoxbar? I think that might be part of my minerals also.

You are so helpful, and I know everyone gets busy this time of year. Thank you for taking the time to help me with this.
Comment by Joseph S. Toche on Sunday

Karen,

Marathon applied for and received a location exception for that section.

http://imaging.occeweb.com/AP/Orders/occ5076593.pdf

I haven't heard anything else about it. I'm pretty sure Rick Howell has minerals in that section he may be able to give you more info.

 

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