Calyx Energy III has notified me of their desire to build horizontal wells along unleased portions of 36-8N-13E in Pittsburgh County. Their options are $100 bonus at 3/16th royalty or $125 bonus for 1/8th royalty. The court date, I understand, is October 10th. I am not sure what the fair market price and bonus would be for forced pooling in Oklahoma. Any advice would be appreciated.
Likely to be close to what they are offering. Most of us prefer the higher royalty option as the bonus is not that relevant to the bigger royalties at the higher royalty percentage. It would be wise to get a good oil and gas attorney to review any lease as most are written in the operator’s favor and need some negotiation.
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Force pooling in OK is very different than in TX or ND or other states with a risk penalty. The Oklahoma Corporation Commission has a good document in their publications area.
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