FYI - I recently leased 80 acres in 2n2w, Sec 29& 30 for $700 per and 3/16ths. I was also offered $500 and 1/5th. This was for 3 years with
no option to renew. I got an “Exhibit A” as Martha B suggested. If I had
not joined this forum a year ago, I probably would have leased for $250 per believing that was a good deal. I took this deal because I don’t believe they will drill in my area for another couple years. I hope I am wrong. Keep dispensing your great help.
Oil prices were up again today for about the 4th or 5th day in a roll at over $50 for WTI and over $58. for Brent Crude. Yea!!!
Yea!!!
Does anyone know of an online bulletin board for buying and selling very small nma holdings in Oklahoma? Thanks for advice and pointers.
Mark I’m almost finished with a website that does that. WellSeller.com it should be finished in less than a week. You could list there now if you want to be my first tract.
Great! I can actually see myself using the site as a buyer and a seller depending on what’s going on at a particular time.
Thanks, John McClain. Looking forward to seeing how you set it up.
Should be fun… Check it out in a few days. I’ll try to finish wording it up and launch as quick as I can.
Mark, are you a buyer or seller right now?
Trying to locate the Omer 1-17H, spud Dec. 2014, CR. Just trying to figure out where it is on the map. Looks to be a good one, flowing 1100 bpd But I would really like to see the direction of the horizontals and I’m not practical with the terminology. Can anyone help me to visualize this well?? (I really like those maps that show the oval fracked areas…!) Oh and greetings to all!
Sandra, it runs parallel with the Hines 1-17H
See map:
Thanks, M.H! I knew I could count on quick answer!
I have a more general question. Negotiating a lease with Chesapeake and they want to include transportation costs which I am not too keen on. It is a very small parcel. Does shorting the primary lease sound like a alternate?
I wouldn’t budge on transportation or any other deducts in dealing with Chesapeake. I regularly see 30% to 50% deducts from them on monthly revenue checks. I believe there has been a royalty owner class action filed against them for these type of charges.
Thank you Laura, I thought as much
Does anyone have an update on Sec. 28, Township 2 North, Range 3 West in Garvin County.
Vicki, anything on the Hays?
On 23 & 26-1N-1W, the final order was just issued April 9
23 has 76.1128 % of the well
26 has 23.8872 %
Anybody leased since the drop in prices? I am curious about anything close to 33-01N-01W. Continental is trying to lease again.
Barbara, The Riddle 1H-9XX spud on Sept 5, so it should be about done by now. Completion report is not listed yet. So probably won’t hear anything else for about six months unless someone drives by or the coffee shop is chatting about it.
Laura, Continental has filed for 17 leases in 33 in the latter part of 2014. Most of them were two year leases which is a bit odd.