Mineral Rights Forum

America’s conversation place for mineral owners

Stephens County, OK - Oil & Gas Discussion

Information

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: 388
Latest Activity: 9 minutes ago

Discussion Forum

Questions on title of mineral rights

Started by Debbie Ferguson. Last reply by Debbie Ferguson yesterday. 1 Reply

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

Stephens County Chit-Chat

Started by Rick Howell. Last reply by Linda Rigtracker yesterday. 190 Replies

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

Stephens County OK Oil & Gas Permits

Started by Dave Thompson. Last reply by Clint Liles yesterday. 242 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

echo

Started by lucretia ann mcafee. Last reply by John E. Broyles on Thursday. 1 Reply

       has anyone had any dealings with Echo?Continue

Comment Wall

Comment

You need to be a member of Stephens County, OK - Oil & Gas Discussion to add comments!

Comment by Blue T 9 minutes ago

Hello I'm Blue and I'm new to all of this. :) I own Mineral Interest in multiple legals in Creek & Lincoln. I have owned these for 13 years and just found out this year when I got a call from a Landman with a lease offer who had tracked me down. I've got lots of questions for you experienced gurus, but I'm going to start off with what I hope is a simple question with a simple answer. When I called multipe OK agencies I got the run around and still no answer. I think I stumbled upon the answer yesterday. The address for me that the deeds are filed under is over 20 years old. How do I update my address with the counties so any future offers will easily make it to me? While searching thru okcountyrecords I came across a description of "Affidavit to change address". Would this be it? If this is the answer I'm surprised when I called the county clerks office they told me there is no way to change my address accept by re-filing the original deed. Thank you for any direction you can give to me....

Comment by Virginia Manser 23 minutes ago

Bob if this shows up twice on the forum, I didn't do some thing right .Sorry!  Anyway I am in Sec 6 1N 5W This is a so called standard lease. The only thing they are willing to change is the no guarantee of title. They won't except a no deduct clause or depth clause. This lease is for a 1/5th royalty and a $3225. Bonus. Any incite here would be helpful as we are at the no more negociation stage.

Comment by Michael Hutchison 38 minutes ago

TJAS, go to the site below. Fill in well name and number or section, township and range, no need to fill in the other blanks. Click search and on the next screen click the magnifying glass icon next to the well you are looking for, on the next screen click view all images to see permits, spuds, completion reports etc. "OCC Daily"?

http://www.occpermit.com/WellBrowse/Home.aspx

Comment by TJAS 1 hour ago

Hi, Two people mentioned the OCC recently. I have used it to some avail but this question leads me to think there is more. "Have you learned to use the OCC completion reports?" How do you do this please, and where do you find the OCC Daily? Thank you in advance. I do so appreciate everyone on here being willing to help us newbies.

Comment by Bob Titley 2 hours ago

Virginia:  What are your terms?  You can almost always get more favorable terms by holding out.  What section and township are you in?

Comment by Ron McKenzie 5 hours ago

Stephens: Newfield Exploration Mid-Con Inc.; Boles No. 2H-14X Well; SW1/4 SE1/4 SE1/4 NE1/4 (BHL) of 14-02N-04W; 1138 barrels oil per day, 3,579,000 cu-ft gas per day; TD 22,148.

Comment by Tom Ed Moore 17 hours ago

Virginia,

No, It is definitely not acceptable. I hope you are getting better than 1/5 and a good bonus.

Comment by Virginia Manser 21 hours ago

About to sign lease with Calumet Energy, they have ok all additional clause to the lease except they won't move on the deduction clause which states, Lessor shall bear proportionaly the of cost to make product marketable. Since I have no idea what that amount would be, is this wise to except. Greatfull for any advise on this you guys re so knowledgeable

on these matters.

Comment by Bob Titley 21 hours ago

Karen: What section and township is this in?  Unfortunately, Oklahoma rules favor favor the operator and not the mineral owner.  Just filing an application for a well, or staking a location or moving equipment in is considered "commencement of operations."  I don't know what it means if they move equipment in or stake a location prior to receiving a permit.

Give me the section and township and I will see if they have filed anything.  Then in december you would want to try and scout the location to see if they have equipment out.  I think also at that point (After the initial term) you would want to send a letter saying the primary term is expired, and please provide evidence they have commenced operations or otherwise file a release of lease with the county.  What kind of offer have you received form the other company?

     

Comment by Karen Slikker yesterday

Thanks Linda and Bob. I appreciate the input. The lease is written clearly stating that the lessee must exercise their option by paying to lessor on or before the the expiration of the primary term a sum equal to 100% of the bonus originally paid for this lease. Here's the thing: the lease allows them to keep working the tract if they have done ANYTHING  to begin work on it...even just putting the first piece of equipment on it or when the first work other than surveying and staking is done. How do I know whether that is the case? I have already received an offer from another company at a higher bonus AND higher royalty, but I don't want to enter into a contract if the current lessor has any claim to continuing the lease. Also, in my early talking to lawyers and owners, someone (I don't recall who) said that just because a company hasn't formally exercised their option doesn't mean that they no longer have claim to the site. Does that make sense at all?

 

Members (388)

 
 
 

© 2014   Created by Kenny DuBose.

Badges  |  Report an Issue  |  Terms of Service