January 2011 I signed a lease with Continental Resources for $1,000 an acre for 3 years with an option for 2 more years. Was this a good price for this area in Dewey County, Oklahoma (Section 14, 16N, 16W)? Also, has anyone had a bad experience with Continental Resources? Thanks, Ed.
Ed, that is a lot better than we got about 3 years ago. We got $175 an acre and had no idea of play going on. Ours is also with Continental Resources. They drilled last year and we have a producing well in Section 1, Township 16N, Range 14W, Dewey County. Took almost 8 months to get first check but is nice to see something every month. Have no complaints with them. When they were drilling and we visited the well site CR people were good to talk to us. Good luck.
Hey Ed, I received a little more than that when I signed in 2010. I went with Samson. Also my minerals are in 11-16-16 right across the road and also 25-16-16. What was your %? It took some negotiation, but with my brothers having minerals in those sections we were able to get more $. They started off at $900 with 3/16ths, and it was like dealing with a car salesman!!! Ha, back and forth.
My % was also 3/16ths. Also, on 7-16 I received a letter from Aegis Energy Partners, to buy all or some of my mineral rights. They offered $1,600 an acre, what morons. Have you received such a letter?
heather b said:
Hey ed, I received a little more than that when I signed in 2010. I went with Samson. Also my minerals are in 11-16-16 right across the road and also 25-16-16. What was your %? It took some negotiation but with my brothers having minerals in those sections we were able to get more $. They started off at $900 with 3/16ths and it was like dealing with a car salesman!!! Ha, back and forth.
Hey Ed, We did get a 1/5th. I also received a letter from them along with about 10 other places wanting to buy. Why sell when you can get more from your lease. You see the post on the activity I sent. I drove up around there the other day and still nothing going on. I will keep you posted if I see anything. ed said: My % was also 3/16ths Also, on 7-16 I received a letter from Aegis Energy Partners, to buy all or some of my mineral rights. They offered $1,600 an acre, what morons. Have you received such a letter? heather b said: Hey Ed, I received a little more than that when I signed in 2010, I went with Samson. Also my minerals are in 11-16-16 right across the road and also 25-16-16. What was your %? It took some negotiation but with my brothers having minerals in those sections we were able to get more $. They started off at $900 with 3/16ths and it was like dealing with a car salesman!!! Ha, back and forth.
Heather, do you know a Mr. Gleeson? He owns the land next to us. He used to rent our acres from us for his cattle and raised soybeans or corn on 40 acres but that was in the eighties. Since then we sold the land but kept mineral rights.
heather b said:
Hey Ed, We did get a 1/5th. I also received a letter from them along with about 10 other places wanting to buy. Why sell when you can get more from your lease? You see the post on the activity I sent. I drove up around there the other day and still nothing going on. I will keep you posted if I see anything.
ed said:
My % was also 3/16ths. Also, on 7-16 I received a letter from Aegis Energy Partners, to buy all or some of my mineral rights. They offered $1,600 an acre, what morons. Have you received such a letter?
heather b said:
Hey Ed, I received a little more than that when I signed in 2010. I went with Samson. Also my minerals are in Township 11, Range 16, Section 16 right across the road and also Township 25, Range 16, Section 16. What was your %? It took some negotiation but with my brothers having minerals in those sections we were able to get more $. They started off at $900 with 3/16ths and it was like dealing with a car salesman! Ha, back and forth.
Ed, yes I know him. He leases land from my brother now. He owns land in 11-16-16. Our dad passed away 4 years ago. See him all the time!!!
Hi Heather, is Mr. Gleeson’s oil wells still producing? Back in the eighties my mom (Dorothy) and me went to Oklahoma, to see the oil well on our land. We stopped by to see Mr. Gleeson but he wasn’t home but his daughter or daughter-in-law was there and her young daughter I believe was there and invited us in and we visited, she was real nice. Mr. Gleeson and Mom had a good relationship, but my aunt Mary owns the land now and she and Mr. Gleeson didn’t get along, but I know it wasn’t his fault, my aunt is hard headed and a nut SMILE. Do you think an oil company could still drill on the land even though the oil well didn’t produce enough to keep it running the last time and it was shut down? I know there is still oil on land and would hope someone would re-drill deeper to get it. Hopefully Tell the Gleesons I said Hello.