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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: 336
Latest Activity: 6 hours ago

Discussion Forum

NMA Spreadsheet

Started by Deborah Lynne Gerst. Last reply by M Barnes 7 hours ago. 1 Reply

Did someone on this site post a spreadsheet with examples of number of minerals, spacing, oil and gas per day, payables?  This was a great help and I seem to have lost mine.  Will you  repost? …Continue

Section 30 Stephens County

Started by George Chapman. Last reply by Bob Titley on Sunday. 1 Reply

Hi EveryoneMy mother has been advised that she inherited a minerals interest in Section 30, Township 2S, Range 4W, Stephens Co. OKContinental Resources, Inc. has approached her with an offer of $802…Continue

Royalty Interest

Started by Eleanor Lake. Last reply by M Barnes Jul 13. 4 Replies

Have royalty interest in sec 2 and 3 1n-4w stephens county. Lease is up n August. Have been contacted about extending lease. Need to renegotiable and I wondered if anybody had a ballpark figure on…Continue

Drilling in Stephens County, OK

Started by Eileen. Last reply by Eileen Jul 11. 6 Replies

Are they drilling on S1T1SR5W  or S11R1SR5W   or S12T1SR5W or S14T1SR5W /?I have signed a lease for S1& 11 & 12, just wondered if they drilled yet?Thanks.Eileen HoustonContinue

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Comment by Rick Howell 6 hours ago

Requested

Comment by M Barnes 6 hours ago

Thanks.  Didn't know who to ask.  Hard to reply to folks there without being able to attach files.  Easier to follow threads as well. 

Comment by Rick Howell 7 hours ago

It is a limitation of the forum or in the configuration.  I agree it would be a good thing to have. 

We can see if we can get the forum owners to change it.  

Comment by M Barnes 7 hours ago

Rick Howell or one of you brilliant forum people, could you get the paperclip icon to be in the discussion forum (or tell me how to attach a file). I can find the picture one, the link one, the movie one, but not the paperclip one there.  Could be blind, haven't finished first cup of coffee yet.  

Comment by M Barnes 7 hours ago

Deborah,

Here is the spreadsheet for NMA.  You can fill in the yellow areas and estimate what returns might be.  You may want to adjust the production amounts (Oil BOPD) and (Gas MCFD) by using the SCOOP wells list I posted last week (it is over in the SHALE GROUPS WOODFORD forum).  Find the well(s) closest to your property and use their production numbers instead of what I have in there right now.  It may make a slight difference if you are in the condensate zone or the oil zone, so picking a well or average of wells near you will be more accurate.  

NMACalculationsimplemodifiedfor%203%20bonus.xls

Comment by Rick Howell 8 hours ago

TJAS, 

Here is a quick article I wrote sometime back explaining how it would work in various situations that might help.

Undivided vs Divided?

Let’s say Dad own 640 acres of land. Surface and all of the minerals below.

He wants to give it his son and daughter.

He can:
a) give an undivided ½ interest to Jack and undivided ½ interest to Jill in Section 1-2N-4W.

b) give the W/2 of Section 1-2N-4W to Jack and the E/2 of Section 1-2N-4W to Jill

c) Sever the mineral rights and give ½ undivided interest to each. The surface, give the W/2 of Section 1-2N-4W to Jack and the E/2 of Section 1-2N-4W to Jill.

While “c” is the most common method but it happens all three way.
All below is assuming both have signed 3/16 leases each for their rights.

Oil company 1 comes in and drills a well with 640 acre spacing. Well is located in the NW4 NW4 NW4 of the section. 
a) Minerals and Surface Lease/Damages Jack and Jill get equal shares
b) Minerals Jack and Jill get equal shares.  Surface Lease/Damages Jack gets 100%
c) Minerals Jack and Jill get equal shares.  Surface Lease/Damages Jack gets 100%

 

Oil company 2 comes in and drills a well in the NW4 of section 1-2N-4W. It is a 160 acre spacing.
a) Minerals and Surface Lease/Damages Jack and Jill get equal shares
b) Minerals Jack get 100%.  Surface Lease/Damages Jack gets 100%
c) Minerals Jack and Jill get equal shares.  Surface Lease/Damages Jack gets 100%

 

Why is C the most common way to divide the property?

If ½ interest is given to each in the surface rights, it severely limits what either party can do with the property.

Jack cannot build his dream home on property Jill owns half of?   “Dividing” the property allows each to do as they wish with the property.   

On the other hand giving undivided mineral rights in the property ensures each sibling will benefit if a well is drilled on the property. 

Comment by TJAS 8 hours ago

Can anyone tell me what the term 'Undivided' means on a mineral description pretty please?

Comment by James Kyle Brooks 18 hours ago

Does anyone know the split on the new kelly wells?

Comment by Michael Warden yesterday

yep!

Comment by Linda Rigtracker yesterday

Michael...that might explain why the rig was on the Briar for so long.  Were they drilling more than one well from the same pad? 

 

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