Hello:
I read through the topics here and see that Seminole is generally a low-producing county these days. I understand the usual procedure for requests to lease is to wait for the pooling order to get the best offer, but thought I’d run this by the group to see if anyone has additional info.
Reach Oil & Gas Co. out of OKC sent me the following, dated Dec. 22, 2025:
(Pertains to 2.4 net mineral acres my mother owns in NW/4 NE/4 of Sec. 21-8N-6E)
Reach hereby proposes the drilling of the Soule well to a total depth of 4400 feet to sufficiently test the 1st Wilcox formation in the referenced unit. Total cost to drill and complete this well is $859,760 as shown in enclosed AFE. (They included a one-page AFE, but nothing else).
I was offered $175/acre with 1/8 royalty, $150/acre with 3/16 (both for 3 years) OR participate in the well (not interested in that.)
I looked up Seminole Co. oil production over the years, found that it started in the 1920s and at one time (according to Google) accounted for 2.6% of the total world’s oil production! Despite comments here that Seminole Co. is not a hotbed for oil/gas any longer, just out of curiousity, is it possible the “Wilcox Sand” could yield more than expected in some cases? Are geologists able to accurately predict the amount of oil/gas located in any given PUD (just learned the term “Proved Undeveloped Reserves”)? Does finding a high-producing well in Oklahoma today require horizontal drilling?
Maybe Martha Barnes or someone else knowledgeable about all this could answer. Thanks in advance for any info.
Angela
My family and I have mineral rights in Seminole County, although primarily to the east and south of the property your mother has, and our volumes have been little to none since Covid - old wells.
I looked at the OCC GIS for your location, and it appears only one well has been drilled there, the Arnold well, in 2000. It was dry and almost immediately plugged. It appears they went to a depth of 4250’. Everything else to the east of your property shows plugged wells.
Per a November 26, 2024 article in the Oil & Gas Journal, Reach O&G drilled the Taylor 1-16 well (API 3513325410) to 4,577’ and found hydrocarbons at 4,168’ in the Hunton Limestone interval. This well is in Section 16 SW4/SW4, or NW of your rights. The article says they will be evaluating two other intervals, the Cromwell Sand and the Misener Sand. Nothing was mentioned about the Wilcox Sand.
3/16ths is fairly standard for Seminole County, and most likely what would be offered in a pooling arrangement (we were offered that several years ago for a Pottawatomie lease via pooling). $150 is better than what we were offered via pooling - ours was $75 in 2021. Perhaps someone else in SC can provide more recent information about their offers.
Thank you for this detailed info–I appreciate it very much! I believe I’ll go ahead and take the $150 for 3/16ths.
Reach h Oil and Gas has already filed a pooling for the S2 SE4 16 and the N2 NE4 of 21-8N-6E. Case 2025-003279. Stay on top of it as you only have 20 calendar days in which to make your election after the pooling. You can choose to lease or you can go to pooling. Both have different advantages. This will be an irregular dewatering drilling and spacing unit.
I would take the 3/16ths if it were me.
Geologists are reasonably able to predict the amount of oil and gas in an area if they have enough information. Probably good old fashioned log correlations here. Not sure if there is seismic. Some of the nearby wells go back to the 1920’s! Given the depth, this well will not be stunning as the pressures are not high enough and a vertical well does not give very many feet of perforations here. High producing wells in OK tend to be horizontal these days and in shale reservoirs. This will be a conventional reservoir. I looked up several of the Wilcox wells within about a mile and they tended to have from 60,000 to 120,000 bbls of oil EUR. (Estimated Ultimate Recovery)
Barb already mentioned the Taylor well to the NW.
Thank you for the great info, Martha. I’m sending the election letter back today. Hope you’re doing well!
If you are talking about the Offer letter, I do not sign them. I talk to the leasing group directly. If you are talking about the pooling order, then you do not send an election until you have the order number.