Is there a way to check for the highest paid bonus amounts in different sections in Roger Mills County, Oklahoma?
Welcome to the forum. The bonus amounts are private. The bonus amounts are paired with a royalty amount, so you need both pieces of information. The closest you can come is a pooling order within the eight contiguous (touching) sections to yours within the last year. Or you can pay for a subscription that essentially uses the same data and maybe some more inside knowledge. If you want to post the section, township and range, some locals on the forum may be able to help.
It’s a big county with diverse geology so trying to compare other sections to yours may be like comparing apples to oranges. If you have the time, you can search on line records for OGLs in your section or general area, get the information for various Lessors or Lessees, call them up and ask. All they can tell you is no. As Martha says, provide you S/T/R and maybe someone can help you out with surrounding pooling information, if available. Good Luck.
Thank you for your reply.
Roger Mills @ 3/16 royalty
S 4-12N-22W 36-17N–25W 24-17N-25W 31-17N-24W 30-17N-24W
Thank you for your time.
My brother and I just signed our 13.3 acres in section 26 13N 24W, for $1500/nma 1/4 royalty. “Mittelstadt enhancement/deductions clause.” Tried to get a true “No Deductions Clause” but everyone from 3rd party landmen to the operator wasn’t having it.
From a brief review of relevant filings, here is what I find: Section 4- nothing filed with OCC in this or any offset sections. Several companies leasing.
Sections 24 & 36- Several companies taking leases below the Cleveland. These sections are HBP so it all depends on if current lease has a depth clause. Offset poolings in 8/24 were for $1700 3/16ths; $1000 & 1/5; or $500 & 1/4th.
Sections 30 & 31-17N-24W: Were pooled for the Pasture Trail 31/30 well being drilled by Mewbourne. Poolings in 12/24 were for $1700 & 3/16 or $1000 & 1/4th.
Values for leasing are not public as Martha said and there are several factors that go into what a party can get for bonus. Like net acres owned, closeness to current drilling, etc.
Hope this helps.
thank you! I appreciate your time.
Thank you for your time!
Would appreciate any information available for Section 5, Township 12 North, Range 24 West and Section 8, Township 12 North, Range 24 West in Roger Mills.
Welcome to the Forum
Section 5, Township 12 North, Range 24 West and Section 8, Township 12 North, Range 24
Several companies are leasing in those two sections. There is increasing interest in horizontal drilling in the Red Fork and Cherokee shale in Roger Mills.
I’m starting to receive lease offers for Sec. 26-T14N-R24W, Roger Mills County. Which company offered you the $1,500 bonus with 1/4 royalty?
Mewbourne. I hope you can get that much. Negotiating your Exhibit A with a good low to no deductions clause is more crucial. Who are you dealing with and what are they offering bonus/royalty?
Heller Oil options are $1,750 with 3/16, $1,500 with 1/5 and $850 with 1/4 royalty. I received an email from another company but haven’t gotten back with them yet to discuss lease offers.
Ostrich Land Services has contacted me with an offer to lease minerals in Sec 5, T 12 North, Range 24 West and Sec 8, T 12 North, Range 24 West. Their offering $ 1,000 per mineral acre, 3 year term, at 1/5 royalty. Any suggestions?
How much NMA are they looking to lease, and is Heller an operator or just a lease acquiring company? If you can find out who the operator is, or the company that’s trying to be the operator, that’s definitely useful.
I’m no pro at this, but these seem like great numbers if it’s the first offer? My first offer was $0.00 at 1/4 royalty, and a little bit of cash for lower royalties. Mentioned it on this forum and a few additional landmen poached my info from here and contacted me. Also reached out to a few others, so I had a handful of offers to negotiate with. Was able to start haggling numbers and most importantly my Exhibit A clauses. Even then, felt like I could get more so I put the breaks on it for several months. Then some more intriguing numbers and the best I could get anyone to agree with, “no deductions, market enhancement clause(Mittelstadt)” came into the play, so I finished and settled at $1500/nma @ 1/4 with a healthy pile of clauses.
I had offers for higher bonus with great clauses, but these were offers pending permits getting pulled and spacing/zoning announcements. So once that happens I think the 3rd party people really come a knocking, otherwise you get the early bird speculative offers.
I also signed with the supposed operator for I think, a higher bonus than what they are going to want in the pooling order. Based on what the landman at Mewbourne said it would be at least over a year before pooling so they can sign some leases for less in that time and pooling will be lower numbers. They just wanna get the majority lease hold so they get to be the operator for sure. Maybe, I could’ve got much more and I’ll hear about people getting 2-3K bonus with 1/4 once permits get pulled, or maybe I made a great deal. Only time will tell… It’s an interesting game, good luck!
Have offer to lease minerals in Sec. 17, 13 North, 23 West of $1500 with 1/5 royalty in Roger Mills. Any speculation as to why this interest in leasing here?
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17-13N-23W is part of a leasing trend most likely for horizontals in the Cherokee.
Thank you. Appreciate you fast responses.
They want to lease 5 net mineral acres. Operator is Crawley Petroleum.
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