Hutch, I am familiar with the term force pool but didn’t know they were required to have a hearing to “enforce it” I guess. I just leased about 2 wks ago in 29 and in '10 for sec 20. Does multi-unit mean they will maybe go in to adjoining secs in the future? I hear you guys in 2N4W discuss multis but this is my first experience. I own in 17 also, so do you think they might go that direction eventually? I know you can’t say for sure but is that kinda the way it works or will the additional wells all remain in 20 & 29? Thank you for your seemingly tireless info.
Vicki, the way it stands right now Newfield will be drilling a vertical hole in 17, when the desired depth is reached the bore will turn until it becomes horizontal and goes south into section 20 and continue through 29. The production will come from sections 20 and 29, royalties will not be paid to owners in section 17 but there is always a good chance that additional wells will be drilled including a well or wells producing from section 17.
Preston’s mom and cousin have that tiny bit of royalty in Sec. 20, 2n,3w and when they called them to lease they told them they were going to be force pooled. They got their lease money several months ago so is this a second pooling hearing taking place now?
That’s some good insight Susie. Prior to all this activity, I’m sure none of us can remember receiving and offer to purchase. I remember not too long ago, if you got a lease bonus of $100 or greater in Garvin County, that was considered really good, and that’s only been prior to 2007. My family has own minerals in Garvin, around the Maysville area since statehood, and my Dad was in the Leasing business in the late 70’s and early 80’s and he has seen all this once before. I had not thought of that logic you were presented but it makes sense. Thanks for sharing.
They are finding a lot of needles in 3n-4w . And that is nice of the Co. to save you and take the loss on your minerals.
Anadarko made big assignment in Garvin Co. to subsidiary. I think it is the deeper formations under what they sold Merit .
Linda our location is 3N-4W.
Linda, it looks like section 20 was pooled in April as a single unit with surface in 29. On May 20 NF applied for a location exception for a multi-unit with 29 and surface in 17. The pooling order hearing today was only for sec 29.
Like many of you, we have been receiving multiple offers to buy our minerals, much much more than in the last maybe 20 years if not more. Our family members just let them pile up as not really interested in selling when there is such a hotbed of activity in Garvin County.
Well the other night I got a call from a representative for a company (no need to mention names) and he wanted to know if we were wanting to sell. His offer was our highest yet. Now all this is tempting yes but nothing compared to the potential that exists.
His comment was that these companies are just buying up as many minerals as they can because hitting a specific area is like finding a needle in a haystack. Like playing the lottery. And after this production round completes (time unknown) we may not get any more offers for 30 years.
Yes of course I understand he is a salesman. So just searching for some thoughts from all of you who have some knowledge of what really goes on and how one can predict what the time factor is before one starts receiving royalties.
Thanks for any insight.
Susie…where did you say your minerals are that they are making the offer?
Thanks for the info, as usual you are on top of things.
Fracking continues on the Branch wells. Friend reported that they were taking the Cactus drilling rig down on highway 76 on the west side on Sunday. I’ve lost track of some of that stuff in Garvin Co. but I believe it might be Sec. 27 3n,4w. and the name is ???
I sure hope there is a giant needle under 7-3N-4W!!
A needle in a haystack would probably be easier to find with that 3D Scismagraph, reckon?
Our shares are in 7-3N-4W too - hoping for that needle as well David
Susie, it’s hard to predict a timeline but I think it would be safe to say starting from the application for pooling until you receive a royalty check close to a year will have passed
GARVIN, OK - SEC 34, T 2N, RG 2W McLain - Akers 15 Acres 15 of 80 - E/2 NW/4 This is a description of our interest in Garvin. I looked it up on the OCCOG website and there are 14 wells listed. It’s hard to get info from that site. I’m wondering how I find out more. Thanks
Rick There are about 5 wells that still show some production , but they are not that good. Two Akers well in nw/4 but not doing much. What are you looking for ?
When I see wells in a section that we own I figure I should have at least a division order that covers it. I am going through all the old paperwork but have not information about the wells in our section. I would like to narrow it down to a list of operators to contact about the wells. Plus I would like to be able to zoom in on the Commission GIS site to refine the information. This has been a long process for me chasing down wells in the different interests that are in the family business. Connecting wells to our interests so I have the right information for each property is the tough part. Thanks for replying.
Rick,
Most of the time you have to look at it a bit deeper than the obvious when researching ownership. Owning mineral rights in a section does always mean you are entitled to proceeds from a well located in that section.
While most of the conversation on this forum involve some of the newer horizontal wells that have spacing units of 640 acres, going back a few years it was not as common. Even today many if not most of the new wells are smaller, they just don’t gets as much “press” here. So you have to look at the unit spacing of the well also. Most of the wells in that section are 40 and 80 acres. The Akers wells are showing E2 NW4 (stand up 80 acre) so it does match your property description. The rest seem to be in the NE/4.
Also you will find the OCC website has wells listed by surface-hole location. It is not uncommon to find wells that produce from a location other than the surface location. Irregular shaped spacing also happens and a 640 acre unit well may get its production from 3-4 different sections. Then you can have unitization of many wells. I know of one such group that has about a 100 wells. Take a look at this one.
It covers some of 11 different sections.
Here is an example of one that will show in OCCeWeb as 9-1S-3W However, it has more production space in sections 15 and 16.
We got a new offer from Bridgeport to by our minerals for $8000 an acre in Sec 30 3N 4W today. Not interested.