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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: 486
Latest Activity: on Friday

Discussion Forum

Aegis wants to purchase my rights in7,1n,6w Stephens County

Started by Zachary Mann. Last reply by Linda Rigtracker May 9. 3 Replies

     I've spoken with Continental and they will not be offering to re-lease my rights when the current lease expires in January---I am wondering what to do now.  Does anyone have any insight???? Continue

Newfield Multiunit Horizontal Wells, Sec. 27 & 34

Started by Elizabeth Harris. Last reply by Linda Rigtracker May 1. 3 Replies

Does anybody have updates on the Newfield wells in these Sections? The previous wells are known as the Yandell wells, (1H-27 thru 6H-27). Not sure if the new wells being drilled will use similar…Continue

Lease offer Section 6

Started by Al Pugh. Last reply by Tom Davis Apr 17. 3 Replies

Can anyone tell me what leases for Section 6 Stephens County are going for ?Continue

Stephens County Oil & Gas lease offers

Started by Robert J. Blair. Last reply by Teresa C McKenna Mar 4. 5 Replies

Would like any comments or advice on two recent lease offers received on Sec 17 Township 1S, Range 4W. One came from a broker NOT representing a driller. My thought is probably looking to flip the…Continue

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Comment by Linda Rigtracker on Friday

Got papers yesterday that for a second got me excited.  They were papers from the attorney's office that represent Newfield saying "Increased Density" on section 34 2n4w and it said "Final Notice" so I'm thinking "OBOY, we getting another well" but after checking it out it was only the papers telling what the final percentages are going to be on the first well to each section.  Just as we had read earlier we in 34 only get a small fraction over 10% and section 27 gets the rest. Believe it said they only went 609 feet into section 34.  Talk about a let down! 

Comment by Zachary Mann on May 10, 2017 at 8:45am

That makes sense, then.  Thanks for the info.  I really appreciate it.

Comment by Rick Howell on May 10, 2017 at 8:43am
Ken,

What you were told seems to be correct. They leased our acreage in 14-1N-6W, but were not interested in leasing our acreage in 16-1N-6W.
Comment by Kenneth McDonald on May 10, 2017 at 8:20am

Thanks for the response Linda.  The Bearcat Landman told me 15 1N6W is right on the western area of where they are currently interested.

Comment by Zachary Mann on May 9, 2017 at 12:37pm

Could be--I intend to find out who else might be interested.

Comment by Linda Rigtracker on May 9, 2017 at 10:38am

With the price of oil dropping some and the price of gas rising the oil companies may be looking into going more to the west side of the SCOOP where the wells are more gassy ya think? 

Comment by Linda Rigtracker on May 9, 2017 at 10:36am

Zack...that's just what I was thinking that they just told you they wouldn't be releasing.  With Kenneth just getting that offer and being that close to you they must be thinking of doing something.  

Comment by Linda Rigtracker on May 9, 2017 at 9:31am

Kenneth...you could always tell Continental that you would like to have $1500. for the 3/16 or ask for $1000. for a 1/5th (which is what I would do).  The last lease we received from Continental that's what we did.  It never hurts to ask.  If you wait for the pooling you might lose out if they decide again not to drill. That's just my opinion which is worth just what you had to pay for it.  lol  Best Wishes! 

Comment by Zachary Mann on May 9, 2017 at 9:26am

That is strange--I spoke with Continental last week and they told me they will not be re-leasing my lease which expires in January.  I am at 7 1N 6W.  they told me that they were concentrating on a different area altogether.  I wonder if they are having a sudden change of heart????

Comment by Kenneth McDonald on May 9, 2017 at 8:05am

15 1N6W.  Bearcat Land has offered $1000 and 3/16 on behalf of Continental.  In December 2014 Section 15 was pooled at $1500 & 3/16 but no drilling ever occurred.  I've learned from the last go-round not to accept a 2 year extension and to insist on a depth clause.  Do ya'll think it's reasonable to hold out for the $1500 in the last PO?

 

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