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: 461
Latest Activity: Dec 1

Discussion Forum

Warning! to all mineral rights owners Buyer Beware! of the Oil and Gas Con Men!

Started by Capt Cameron R Smith. Last reply by Ted Baker Oct 9. 1 Reply

Warning! to all mineral rights owners Buyer Beware! of the Oil and Gas Con Men!With all the new activity here in Ok with the Stack and Scoop oil and gas plays has brought out the Oil and Gas Con men…Continue

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

Comment Wall

Comment

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

Comment by Linda Rigtracker on December 1, 2016 at 12:33pm

Ryan...still interested in what you know about how far they plan to go into 34 2n4w on the Mark well. Can you tell me some good news?  I hope!

Comment by Linda Rigtracker on December 1, 2016 at 12:30pm

WAHOOO...Oil up nicely with WTI up to about $51.59, Brent up a little over $50.00 and Natural gas up to $3.41 at this time.  That's the highest the gas have been for a long time.  I believe they said it had something to do with a decision that OPEC made...whatever caused it I'm fur it!!!

Comment by Linda Rigtracker on November 29, 2016 at 9:43pm

Thanks Huey...yes, I believe that is what the guy said this morning.  It was something about not having as much water in SCOOP and STACK but I couldn't remember exactly what he said until I turned around so appreciate you reminding me. 

Comment by Huey Paxton on November 29, 2016 at 3:38pm

The SCOOP and STACK have very little formation water for the horizons being drilled currently (Springer/Woodford in the SCOOP and Meramac/Woodford in the STACK), so there's very little dispose of.  Huge benefit not only because of the earthquakes, but it drives the cost of operations down meaning it's still profitable to drill.  

Comment by Linda Rigtracker on November 29, 2016 at 3:02pm

This morning on the TV news they had the president of the oil and gas industry for Oklahoma.  They gave him several questions the audience had sent in and the one that interested me most was when he said they don't have the problem with the salt water disposals causing earthquakes in the SCOOP and STACK areas like they have been having further north of there.  He said they were "reviving up operations and hiring more people to deal with all the issues the increased drilling (traffic, etc.) is causing.  It was a pretty encouraging talk from him.  We need some more excitement of the good kind here in oil field country for sure!

Comment by Linda Rigtracker on November 29, 2016 at 2:54pm

Ryan...thanks for the information on the Mark well.  How did you find all these things out?  Was wondering if you mean they are now planning to go all the way across 34 if possible because at first they were just talking about 1/2 and perforation only including about 1/3 of that section.  Hope you are now considering going all the way through 34 also.  Again thanks for any information I can get.

Comment by M Barnes on November 29, 2016 at 11:27am

If they are sending you a letter there is a pretty good chance that your family is the owner, but some title issues need to be tidied up.  Go to the trust documents and see if they have an end deadline to them.  If your mom is still alive, then you are probably in good shape. 

Personally, I would not answer the letter, but would keep a very sharp eye on the pooling for that section and choose the best bonus/royalty pair.  Usually the higher royalty and lower bonus works out in the long run, but not always.  Don't go for 1/8th.  Pick at least 3/16 if not 1/5th. 

You can call Blue Dolphin and ask for a copy of the drilling title opinion that pertains to your acreage and tell them that you need it for your files.  Also tell them that the name is incorrect and it should be the trust name and what do you need to do to fix it. 

Friend me and I can give your a few more tips.  Your time frame is a wee bit short but there might be other companies leasing in the area.  Pooling is not bad either.  Pros and cons to each.  Both livable. 

Comment by John Moseley on November 29, 2016 at 12:10am
Karen, you could hire someone to do a title search in Lincoln County. An accurate description of the acreage would help narrow search.
Comment by Karen Slikker on November 28, 2016 at 10:08pm

I recently received a letter from Blue Dolphin Production advising me to choose an option prior to impending force pooling in the NW/4 of 5-15N-06E in Lincoln County. According to my records, we don't have any holdings there. The thing is: the letter came addressed to my GRANDFATHER (who has been dead for 50 years) but at MY address  . It says according to Lincoln County records we "may own a leasehold or unleased interests in the drilling and spacing unit". Since my grandfather died, my grandmother managed the assets, and then my mom, and now me. I don't have much from old records. There was a search and verification of our assets by a legal firm in 1991, when they were placed in a trust under the joint trusteeship of my grandmother and my mom. I've also been through the "unclaimed property" process. How do I find out whether this is ours, or (more probably) if it WAS ours at some point and has long since been sold off?

Comment by John Moseley on November 28, 2016 at 6:31pm
Linda, the permit is just for section 9. The first Virginia well went into section 4. Don't know why NFX is limiting this one to one section.
 

Members (461)

 
 
 

© 2016   Created by Kenny DuBose.   Powered by

Badges  |  Report an Issue  |  Terms of Service