Linda, lots of horizontal drilling in the area for multiple reservoirs. Apache has taken most of the leases on 24 in the last few months. I see that Chesapeake permitted a horizontal well in 24 in 2010, but not sure it drilled. Looks like it might be heating up again. Make sure you get a really good lease, not the first one that is offered or the first $$ offered. I will be low to the final offer.
I have bought but never sold a mineral. Martha Barnes has a good suggestion that you sell part & keep part. Good luck with what you decide.
Still mostly Apache with a sprinkling of others.
Linda, Who was the leasing offer from, I have interests in 25-11N-21W, just like to know who is making more of a play of the area.
Thanks
Thanks, Mr. Barnes
John, the Thoroughbred well spud on 12/10/16
Does anyone know if drilling has begun on the Thoroughbred Well in 36 11N 21W?
My brothers mother passed away and has received a letter from Four Point Energy wanting to lease section 11 T10N R25W They are offering
3/16 @ $950 3 year
1/5 @ $750. 3 year
Does anyone know of this company and are the values right for the lease?
John, If you are talking about changing the ownership of a deceased person you will probably have to do an Oklahoma Probate on their estate. If it is a teeny amount you might could get by with an affidavit of death and heirship, but oil companies are getting picky about those. In either case you will need to know the exact name in which the minerals are held and the full legal description.
If the person is living you just need to do a mineral deed using their exact name and the full legal description to transfer title.
To change ownership in the county on minerals, what do we need and what to do.
Thank you Darla,
I will pass on the info. Thank you for the help.
John
I’m new to website and would like to find out if anyone has information on the Carpenter Wells in Beckham county. I think they have started to drill. Thank you for any help possible.
David, Welcome to the forum.
When you make information requests, it is so much more helpful if you give the section, township and range. Then we have a better chance of helping.
David,
Thank you for the advice.
Section 7-9N-23W, SE/4SW/4 and S/2SE/4.
I know that they had permits in November. They are called Carpenter Wells 1-7. I think they may have started 1-3 wells for drilling. The lease was up in November, but still have not heard anything.
M. Barnes,
Thank you for all of your help. I just had the rights transferred to me after my mom’s passing, so I have only talked to a person, I have not seen the lease. I will try to get the company that helped with the transfer to get me a copy of the lease. They mentioned that since they had the paperwork already in, that the lease would just continue.
David, I have information for you. Accept my friend request.
David, there is only one permit. It is for the Carpenter 1-7 well.
http://imaging.occeweb.com/OG/Well%20Records/0054E3BE.pdf
The “7” is because it is in section 7. The well was spud on December 17, 2017. It is spaced at 320 acres.
http://imaging.occeweb.com/OG/Well%20Records/1DD6F098.pdf
If your lease was up in November and the well was spud in December, then you need to look for a clause in the lease regarding commencement of drilling. Unless you have a very clear “rig must be on location and actually drilling” and instead have a generic “when location is staked or permit filed”, you may or may not be able to get another lease bonus.
The OCC does not have a completion listed yet and the OK tax site does not have an “active” file yet. Maybe someone who lives close by can say is the rig is down or not. The well is not that deep, so it “should” be done by now.
My brothers mother passed away and has received a letter from Four Point Energy wanting to lease section 11 T10N R25W They are offering
3/16 @ $950 3 year
1/5 @ $750. 3 year
Does anyone know of this company and are the values right for the lease?
To change ownership in the county on minerals, what do we need and what to do.
John, If you are talking about changing the ownership of a deceased person you will probably have to do an Oklahoma Probate on their estate. If it is a teeny amount you might could get by with an affidavit of death and heirship, but oil companies are getting picky about those. In either case you will need to know the exact name in which the minerals are held and the full legal description.
If the person is living you just need to do a mineral deed using their exact name and the full legal description to transfer title.