Sorry! Make that Williams 3H-7X.
Did anyone go to the Unitization hearing for Parks Woodford Unit 31-3N-3W & 6-2N-3W?
Just curious. Since they canât get my DO right on the 1st well, I certainly was not going to sign the Unit papers until it is fixed. I saw it was continued into next week. Anyone else having trouble with their DO on Parks 1H-31X? I have been fussing for a year that they assigned my acreage to someone else and gave me theirs. They promised a new division order, but havenât seen one yetâŚ
New pipeline capacity coming.
http://fuelfix.com/blog/2015/09/16/cvr-energy-partners-up-for-oklahâŚ
Marathon has a pooling hearing for what looks like a Springer well in 31-4n-4w set for Oct 5 CD# 201504475
Linda It is Continental and it is under 23 & 26. The Wertz Trust 1-26-23XH. They are at about 13,0000 '. Woodford well.
Rig has been drilling for two or three weeks on section 26 4n 4w in Garvin. Donât know whether Merit is drilling it or not but their name was on the fence for a prior well (I guess). There is a big sound barrier fence around it.
RonâŚI donât have any of that one but am glad to see Continental havenât quit on the drilling even when the going gets rough and the prices get low.
Does anyone know anything about Joint Tenant laws pertaining to mineral rights? We did some research after the PI got a hold of us, and my grandfatherâs second wife had no heirs, she was named in the pooling process a few years ago, I guess that is how the PI got involved. He was looking for my grandfathers heirs, and there are five of us. There are 26 acres but according to our attorney they will just have to sit there in perpetuity because right before my grandfather died there was a document created in California (where they were living at the time) showing them as joint tenants. Then he passed away suddenly and since she had no heirs the mineral rights have just been âŚout there. He said that even though there are no heirs that document prevents the rights to going to anyone but her descendants, but of course there are no descendants. Crazy! The lawyer did say she never filed an affidavit of survivor, which he said was odd. He is going over the legality of the document, but so far it appears legitimate. I just find it hard to believe that these rights (and the large sum of money) are going to sit there forever. I am not sure what alternatives we have though. Our lawyer is based there in Oklahoma and seems to know his stuff. Anyone have any thoughts? I appreciate your feedback. Thank you!
Newbie here.
Any of you have experience with Marathon Oil? Iâm mineral/surface owner west of Highway 76 and south of Garvin Paint Road.
03N04W How quick/slow are they in getting paperwork mailed? Do they pay lease bonuses on time?
Section 3 and 10âŚTownship 3 NorthâŚRange 4 WestâŚdidnât know I had to be specific.
If you are a respondent to the pooling then you need to answer quickly. If you were not, then you may be held by your earlier leases in the Purdy Units. If you have an old lease and did not have a depth clause, you may be held by the HBP of the Purdy. I donât know what the terms of the unitization were and what levels are held. You can look up the unitization on the OCC website (sometimesâŚ).
I just wondered if any other folks in the Purdy Units had new dealings with new leases mostly and how it works.
Jackie - I am in Sec 10, and I would be very surprised if you were not HBP as assuming that your title is held under Jackie Mayo you are ânotâ listed in either Exhibit A for the respective new Poolings for Section 3 or Section 10.
I am actually HBP going back to 1947, and I have been looking forward to what should be a promising development in 03N/04W.
While I would have preferred Marathon to have gone ahead and drilled at least 4 or 5 wells up front, I am still optimistic that more development will take place after they are able to observe the results of this âtestâ well.
Usually, Marathon uses a lease broker to do their leasing. That firm can change from area to area, so it will depend upon the brokerâs speediness. After a well is drilled, it will take about five to six months to get paperwork back with the Division Order. This is common for the industry. If they are later than six months after the first sales, you get interest, so that is nice. Really depends upon the well and how snowed under they are in clearing the title work.
Does that answer your question?
There was a protest by XTO which was finally resolved. The pooling hearing was just on September 17, 2015. Folks that are pooled have 20 days to respond with their choice of bonus and royalty. (Personally, I would pick the 1/5 or 1/4 since I think there will be multiple wells there someday) Marathon is supposed to pay within about 35 days. They are pretty good about that. They have 180 days to drill the well.
I am not sure if that is the whole storyâŚ
http://imaging.occeweb.com/AP/CaseFiles/occ5201143.pdf plan for well
Thank you Bob Berry. So you are sayingâŚI and the other mineral owners in Sections 3 and 10 are âSOLâ for a lease bonus or royalty payments for this well?
I assume you are saying it all goes to Merit?
Jackie, you only get a bonus the very first time you (or an ancestor) lease. You will get royalties from any new wells. Bonus is a very small factor in the ultimate value of the acreage. Royalty is what really counts. Usually, the operator of the well pays the royalty, so it might be Marathon. But if Merit has a piece of the well, the new royalties may come through them if the new wells use their facilities. It depends on the JOA (joint operating agreement), but you donât have to worry about that part.
Do you know whatâs held up the Eubank in Sections 3 and 10?
Jackie, Section Township Range is more helpful. What is your question about Marathon?