The Oklahoma Corporation Commission has imaged documents of the pooling orders. When you lease, you get a signing bonus $/ac and a royalty promise for the production. 3/16ths, 1/5th, 1/4th. If you are new, then read over the last six months on the Comment wall and get up to speed. Do not accept the lease that you are offered in the beginning. It is not in a mineral owner’s favor-lots of negotiation coming. Friend me (icon on the left) if you need some coaching.
M. Barnes, where exactly(under what Label) are the pooling orders you speak of. Sorry for being so uninformed?
SECTION 17-16N-12W
JUST RECEIVED OFFER FOR $500/ACRE FOR 18 MONTH LEASE FROM CONTENINTAL OIL. NOT SURE IF THAT IS A GOOD OFFER. HAS ANY ONE ELSE RECEIVED AND OFFER IN THE AREA?
It might be a bit too soon to ask that question for the STACK. The general strategy that I have observed is that the companies tend to drill up their leasing inventory with one well to save the spacing into HBP statues. Then they come back in a few years to do round two of the additional development drilling. In the SCOOP and the CANA Woodford the inventory of tracts that needed to be drilled to be held was enormous and took several years before they came back on round two. Given the drop off in oil and gas prices plus the layoffs of crews and laydowns of rigs, the STACK round two may take a bit longer. So the percentage in STACK would be low at the moment. I use a subscription product that I pay for to do quick searches. One needs to be specific about the area that you ask for as the number will change given a parameter change.
For example, in some CANA tracts that I have, the original wells were in 2008-9 with the additional 8 wells per tract drilled in 2012. Same sort of thing in the my SCOOP tracts-original wells in 2012 and second set now in 2016. Percentage in CANA and SCOOP is pretty high. Again, dependent upon just where in each area you are. Better geology gets more wells. Also depends upon whether you are going with a gas play with condensate (better percentages) or oil play with gas (second best) to gas only play (third best) in SCOOP because of ultimate returns on investment.
Thanks for the information. Where did you pull the info. about pooling orders? Is there a web site? What does 3/16, 1/5 and 1/4 meaning? As you can tell I’m new to this.
Curtis, I own minerals in the same section.
How many acres do you own?
17-16N-12W
http://imaging.occeweb.com/AP/Orders/occ5254320.pdf
This is 201505548 for Section 8
http://imaging.occeweb.com/imaging/OAP.aspx
This is 201506015 for Sec 21.
Oklahoma Corporation commission oil and gas Division . Pick the Conducting Business Imaged Documents tab.
I am on a MAC and it is almost impossible to search that way, so I use a subscription that I pay for. One of the forum members may be able to tell you how to search using a PC which seems to work better, some days, maybe… by S-T-R
These are the pertinent ones for your area.
See in the Blaine County site that Devon Gas has filed a memorandum for many sections in Blaine County. Section 26 19N 13W is one. I believe it is dated April 4th. Does anyone know what this might pertain to?
For the STACK area is there any way to determine what percentage of exploration results in more than one well per space? Other than looking at several thousand records on OCCEWEB?
Maybe I’m missing it, but I’m trying to figure out how to tell how many perforations were done in each section. I see information in the completion report but not per section. initially it was to be 50/50. how can you tell?
I actually did Frac and drill out on this mccrary well. What are u needing to no
M Barnes, Thanks for the info. I did see that but the map confused me since it didn’t show the sections I thought it would show. as Always I do appreciate your help. I’m trying to absorb as much of this as I can.
In the final order, it will usually list the exact perfs per section and gives the final percentage. Usually on the Location Exception one is I remember correctly. If not there, check the Horizontal Multi unit. Also, you can check the SURVEY on the well info page and sometimes it is there. It is rarely on the back back of the completion report. Very rarely at the very end.
Tell me which well and I can hunt for it.
R. Hart I sent u a friend request so we can chat
If you look on the Order 649919 for the well (CD201505487-T) multiunit horizontal well, they mention on the last page that the Cause will be re-opened on May 23, 2016 for the introduction of the final survey. Not sure why they attached the wrong map, but the correct one is below. Just by eyeballing, if they drilled it like they planned, 31 will be slightly less than 30. 30 has to account for the turn before they can perf, so won’t get paid for that part.
I have minerals in 26, 27 & 35 of 17-12. They were leasing in that area and some people were signing leases but know one had contacted me. I called a cousin and she said she signed because her old lease had a depth clause. When I when and pulled the leases my Mom and Dad had signed in the 90’s there was no mention of a depth clause in any of the leases. Guess I’m just stuck waiting on them to drill.
McCrary 31- 30 Thanks they have completed the well, no completion report yet, Will check these places . appreciate any info you might have.
great hanks!
Travis, Thanks. What do you know on it? percentage of perfs per section, we are in 31. anything you could tell me on the well would be great. I understand it is flowing, too soon to know on production I think
I have mineral property in Section 28, Township 17N, Range 11W. I signed a lease with Echo Energy for this property in January, but they needed to see an older “lease assignment” from 1995, originally signed with Washita by my father, then incorporated into a lease with Oneok in 2000. I was deeded this property by my father, Richard H. Davis, in 2009. I can’t track that earlier lease assignment, and the lease with Echo is now invalid. I always ask questions about these complicated issues until I understand them. Does anyone have any information about my particular mineral location, or about this kind of situation in general? Thanks! David Christopher Davis, daviscicero@aol.com
David,
The first issue is if Echo says your lease is invalid you need to have them file a release of their lease recorded at 1199/522, dated 1/25/2016 covering your interests.
The 2nd issue is the question why. Why is your lease invalid and have they paid you the bonus for that lease?
I suspect that since the Section is HBP by the Strack 1-28 gas well operated by Oneok, and since your father Richard H. Davis was not named on the pooling order 421731, that he executed a lease less than 3 years prior to 4/15/1998 that did not contain a depth clause. I’ll let you know for certain in a few hours. I’ll be by Watonga in a few hours. I’ll take a look a quick look at the record.
The leasing agent working for Echo, probably completed a very cursory review of the record and then called to lease you in the hopes of speaking with you first before anyone else got to you and made a better offer AND hoping that you might actually be open.
I’ll shoot you an email with my phone number if you want to talk over the phone.