Sondra, there are many "sec 22’s in Garvin Co. You need to be more specific and clarify the township and range to know what sec 22 you are referring to. Example sec 22 township 2N range 3W. Depending on T&R, my guess would be there is action or potential there.
They have pooled in all sections around 17. What does that mean for 17? Any thoughts? I have mine leased with XTO last I knew. Do they have to notify you if they lease to someone else? So many questions!
Charlie,
Wells not producing from 17 2N 3W would not hold your lease past the primary term.
Karla, they pooled in sec’s surrounding 17 (i.e., 20,29, 19, 18, and 7 because there has been drilling going on in those sections. However no production from 17 itself -if that makes sense.
I also have minerals in 17, 2N-3W, and I wonder, if Continental gets the leases there, and uses 17 for pads to drill into adjacent sections, can they just keep the leases past the expiration dates because they put a well there, even without paying us royalties? Am I thinking down the wrong path?
I’m new to this forum, so please forgive me if I have posted this in the wrong place. Last week I received a letter offering me considerably more for my small inheritance of minerals in Section 22 of Garvin County (Oklahoma). I usually throw these offers away, but this offer caught my attention. Makes me wonder if any activity is going on there. Any help you could give me will be greatly appreciated. Thanks, Sondra
Thanks, Vicki for your reply. My minerals are in Section 22-1N-1W. Excuse my ignorance, but what is T&R?
Sondra, if questions on the forum implied ignorance, most of us would be in trouble & I would be @ the top of the list. I think the whole concept was to help people learn about something we all have in common. Anyway, there are different townships and ranges and they each have 36 sections. Rick Howell shared an interesting article with me @ one time that explains all that very well. You could Google township and range and probably have several hours of reading to help explain your questions. Hope that helps
Garvin: Continental Resources Inc.; Sympson No. 1-6H Well; SE1/4 SW1/4 SW1/4 SW1/4 (SL) of 31-03N-04W; 6,675,000 cu-ft gas per day, 143.7 barrels oil per day; TD 21,180.
Well, I have a lot to learn! Recently I received a large manila envelope with all kind of mumble jumble about my holdings…along with pages and pages of others who also own minerals there. The only thing I could make out of it was that someone was going to court to get “the lines redrawn.” Then suddenly I started getting much higher offers on the minerals and one company wanting to lease the minerals for $1,700 per acre–MUCH higher than the $250 per acre I received 2 years ago. So something must be going on. Unfortunately, the lease was signed for 3 years + 1 year if they wanted to renew, so I can’t take advantage of the $1,700 per ac. Anyway, thanks for your advice!
Sondra…if you are getting offers like that to lease you can just about bet the farm that there’s hot activity there! Take a look at the papers they sent asking you to lease and it will say somewhere at the top that they are writing you about your interest in (example-Section 17 2N3W) If that’s the case then it’s Section 17 in Township 2North and Range 3West.
If that description I just gave you is yours and it’s in Garvin Co., Ok. then you are right in the direct line of the SCOOP which is a name that Continental gave this hot new play they have in the southern part of the Cana Woodford Shale. SCOOP stands for South Central Oklahoma Oil Province and this area is hot hot hot!!! It’s what Newfield Exploration Oil Company calls the “Sweet Spot” of the Cana Woodford and they’ve changed this sleepy little place into a boomtown where if you are not careful you’ll get your rear ran over by some of the big trucks that have turned the paved country roads into mush!! I didn’t catch where you are from but if your from Ok. you need to take a foliage tour down here and see for yourself how this place is a buzzin! Continental and Newfield and some others have said it will rival the “Bakken” of ND and anyone in the oilfield knows that’s been considered the Mother Load!!
My mother in law owns a little bit of royalty in 20 2n3w and they are drilling a well on that and going into the section directly under it on Sec. 29. Just down the road from there only a few miles they are putting 5 and 6 of these good deep horizonal wells to a section and talk is they are planning around 8 on each section before they are though. Are You Excited Yet???
Read this and notice the date is last year. Now it HAS BEEN PROVEN!
http://seekingalpha.com/article/754371-newfield-south-cana-wells-sh…
Ahhh, Sondra…I see why you can’t understand me. You’re a city slicker and you probably can’t understand this ole country hick! lol
If you are getting offers to lease they evidently have checked the records and think yours is not all leased. Who did you lease to and when is the lease up? Once we got ours leased those letters stopped and the offers to buy started. Could also be that you signed a lease for certain zones and the other zones may be free to lease again. Just a thought.
More of us than not started out not knowing squat! We’ve all learned a lot from some of these kind people on here that are veterans of the oil field. My husband is one of those but I never was interested in listening to what he told me about the work until it meant “money in my pocket” and now like we’ve said before many of us are like sponges~soaking up everything we can! Welcome aboard and hold on for the ride~it’s fun!!!
Typical wife…does all the talking!
Sondra…you look like the kind of teacher my sons wished they had been taught by! Really pretty! My husband kind of laughed the other day when they told of one of those young women school teachers that was having an affair with a 16 year old student. He said “Dang, I never could get my women teachers to come on to me like that!” like he missed something. lol He’s quite a joker but a good Christian man and a former teacher and coach himself.
Hutch…we’ll try real hard not to tell your wife you said that but you know me I might explode if I zip my lip! lol
Sondra…Our first offers to purchase were about $1,000. to $1500. an acre and they have been climbing ever since. The last and best offer we got on Section 16 2n 4w was $12,000. an acre! Of course we know it’s because they knew they were going to drill 6 wells on it named “Branch” but that’s quite a difference and the companies are not going to pay that kind of money if they don’t think they can get it back plus a big profit.
Because of the 3D sciemac they do now days they tell me that they can see everything that is down there. I’ve said this stuff several times before but just want those of you to know what you are dealing with when they talk about the SCOOP and hopefully you will profit from keeping your royalty and make your mama proud! Your royalty is a little further south and east than I thought you said but that’s all been good oil country and it’s just getting better and better. All my dad’s family lived and grew up in the Loco/Healdton/Wilson area and it’s oil country for sure. Your higher offers should let you know it’s good stuff!!! I was born 65 years ago when my dad lived in the old Phillips camp in Clemscott down that way and close to Graham, Ok. and unless you were from around there you would not know where it is. There has never been much there but now there is nothing but maybe a house every 2 or 3 miles. Your still right in the line with the SCOOP play. Best Wishes for Many Gushers in Your Future! Hope since you joined the forum you are not going to grade my posts. I am known on here, you know, as “Ms. Type-0.” Some are accidents and some are on purpose. I’m not quite as dumb as I look but also I don’t have spellcheck for the typing I do on the forum. But I don’t mind be corrected. lol That reminds me of my cousin when he was alive he was teacher of the year one year in McAlester,Ok. Once he was burned badly and while he was in the hospital all his Kindergarden students wrote him Get Well Notes. His sister laughed and said “Bill just graded them and sent them back”. lol
Linda. I guess all us guys think alike. Where were all those teachers when I was in school? For educational purposes of course!
Sondra, just to put my 2 cents in here, I came on this forum about a year ago, knowing less than nothing about the minerals I inherited from my Dad. The wonderful, generous, knowledgeable people here will give you quite an education if you let them, and consider any question a search for knowledge- believe me, I can be pretty dense sometimes but they just keep at it until I understand! Since you are getting both offers to lease & offers to buy I would guess Linda is correct in suspecting you have only part of your minerals under lease. That can mean parts of the land area or only some depths ( called sources of supply sometimes). It can be complicated but if you post the wording of your lease someone here can help you figure it out. Good luck!
Of course!!! hahaha
LOL - Linda, I know LESS than squat!!! And I guess you could say I’m a city slicker (although Ok. City is the biggest city I’ve ever lived in). These minerals are from my grandpa (died in 1971) who worked in the oil fields back in the 1920s. He and grandma took their family to California around the end of the depression. My mother was his oldest daughter. All of us kids were born in Calif. Mother died in '95 and thus her portion came to me and my 2 siblings. Like you, I would hear my mother, aunts and uncles talk about the holdings but I never paid much attention. My brother and sister just recently sold their minerals for $2,000 per acre; less than a month later I received a letter from the SAME company offering me $3,600 per ac. for my portion. The 2,000 sounded like a good offer to my brother/sister (who live in Tennessee) because previous offers had been like $500 per ac. But since they sold I got this much higher offer, plus the proposal to lease for up to $1,700 per ac. About the same time this large envelope with court papers about “redrawing lines” came. So I’m really curious, but uneducated, on what is going on. The lease for Section 22-1N-1W signed almost 2 years ago is with Eagle Land & Minerals Co. Trust Account for only $250 per ac. I’m a busy school teacher getting close to retirement and looking forward to having time to study all of this in more depth. For right now, I’m just bidding my time on any offers. My mother, aunts and uncles didn’t want us to ever sell because grandpa felt like he had a good chance of getting something from these minerals. So I have held out on doing anything. Anyway, I’m glad I found this forum and hoping I can learn more about this business. Thanks for interacting with my post.