Grady County, OK - Oil & Gas Discussion archives


#38375

I also have property leased in Grady county 9-8-7 if anyone can tell me any information about that as well. Thanks.


#38376

Shelby, you will find out more after the operator is chosen. Both of them want to drill a horizontal well. You will receive any notifications from the OCC.


#38377

Thank you Mr. Barnes. You are a blessing.


#38378

Thank you again M. Barnes. There was supposed to be a hearing on Monday April 23 for the Cagle well in Section 5-6n-6w but can't see the outcome of it either. I know that Robert Winslow's email this morning didn't show a permit for the Cagle.


#38379

Angela: I have been asking CLR for info on "other" deductions for a couple of years but have been told that the Strack litigation had an order that forbade them from giving me the details. Now that the suit has been settled, maybe we can get the info.


#38380

if its help fellow mineral owners we received a offer to BUY our minerals for $22,000 a acre with a 1/4 royalty in 12 6n6w. We are not sellers and based on the conversation there was some room on the upside to negotiate. I am assuming this was the advance team for the operator buying up what they can before they apply for a density order.


#38381

Jake,

Just curious why you would get a royalty offer with the sale of your minerals. You wouldn’t be entitled to royalties on minerals you no longer owned I wouldn’t believe.


#38382

Very interesting Jake... this week we also received an offer to BUY our minerals based on a 3/16 royalty HBP in 7-6n-6w. The numbers discussed ranged from $16,000/acre to $22,500/acre. We too are not sellers.

Note: We also turned down $750/acre back around 1987 when an oilman said, "... boys there is no more oil down there to get". They called us crazy back then too. :)


#38383

Echoing others .... about 3 weeks ago, I too, received an offer for mine in 18-6-6 across the road from Don at 7-6-6 and the offer was for $20,000.00 nma. Like others..... not selling either.


#38384

Carl we leased some of our minerals with a 1/4 royalty, the higher the royalty the better then price you can sell for


#38385

Way to go Continental!

Continental Resources Inc. will transport up to 400 million cubic feet of natural gas production per day on Enable Midstream Partners LP's Project Wildcat pipeline system, the Oklahoma City-based companies said Thursday.

Project Wildcat will connect Continental's central Oklahoma SCOOP and STACK production to the Dallas-Fort Worth area and other markets.

http://newsok.com/plugging-in-oklahoma-energy-briefs-for-apr.-27-2018/article/5592590

And they are in it for the LONG TERM!

The firm has said it would build additional pipeline and metering facilities to support a 20-year gas transportation deal it reached with Oklahoma Gas and Electric.

https://www.platts.com/latest-news/natural-gas/houston/continental-resources-to-move-oklahoma-gas-on-10387124


#38386

I was at an auction last week and saw some SCOOP minerals sell for $33,000/acre that were HBP'd on a 3/16 royalty. If you're going to sell don't do it on the cheap! A lot of the unsolicited offers people receive are from flippers.


#38387

I received an offer of $9000 per NMA on 10-07N-07W. I think they are trying to get ahead of the well results. Not interested at $9000. Maybe at $35,000.


#38388

The firm has said it would build additional pipeline and metering facilities to support a 20-year gas transportation deal it reached with Oklahoma Gas and Electric.

No wonder they are planning for 20 years ahead.

Japan Ship Takes ‘First of Many’ U.S. Gas Loads

Shale gas sent from U.S. fields is expected to rival Australia and Qatar for worldwide dominance in the next five years as three more export terminals may open on the Gulf Coast by 2019.

https://www.bloomberg.com/news/articles/2018-04-25/japan-ship-takes...

3 more LNG export terminals to open on the Gulf Coast by 2019.

And they are going to need lots of Grady County LNG to export......maybe for 20 years!


#38389

Northeast of Middleburg School saw 2 rigs drilling about 50 yds apart, seemed to be sharing the same location. Saw the same situation about 3 miles north of Blanchard close to the old KTs barbecue. Don't know what company, but have not seen 2 rigs drilling so close together in this area. Any thoughts?


#38390

Rick, That is not that uncommon to see two rigs drilling on the same pad. Many times it will be one rig drilling multiple wells on a pad, but the operator must have had rigs available. They still may move and drill a subsequent well bore when finished with the first. It usually happens with increased densities, but it could be different formations or even completely different spaced units.


#38391

Article to expand on below comment.

https://oklahomaminerals.com/trackin-stack-part-three/


#38392

I hope this guy is right because the price of NG could sure use a little GOOD NEWS!

I believe the North American natural gas market is setting up for a significant price spike in just a few months...... I certainly don’t expect gas go over $10.00/MMBtu, but a move back to over $3.50/MMBtu would make a lot of upstream gas company stocks look extremely attractive.

https://oilprice.com/Energy/Natural-Gas/The-Top-Natural-Gas-Players-In-2018.html


#38393

Great article Rick.

Here's another article on multiwall pads right next door in Stephens County.

The Sympson is a dual zone, a 2-mile long unit containing 14 wells creating a 10-well pattern. Two one-mile parent wells and 12 children wells of various lengths were required to fill in the 10-well 1,280-acre unit pattern. The result the equivalent of 5 wells in the Upper Woodford and five wells in the Lower Woodford. The 12 new wells produced at an average 24-hour peak production rate of 3,145 Boe per day (11% oil), and on average the wells are performing in line with the 2.3 MMBoe type curve.


https://oklahomaminerals.com/opportunity-knocks-woodford-condensate-play/


#38394

And here are 9 wells they just got permits to drill in one 2 section unit.

Blaine: Devon Energy Production Co. LP; Doppelganger 4-9-15N-10W No. 10HX Well; NE1/4 NE1/4 NW1/4 NE1/4 (SL) of 04-15N-10W; TD 20,417.

Devon Energy Production Co. LP; Doppelganger 4-9-15N-10W No. 2HX Well; NE1/4 NE1/4 NW1/4 NW1/4 (SL) of 04-15N-10W; TD 20,479.

Devon Energy Production Co. LP; Doppelganger 4-9-15N-10W No. 3HX Well; N1/2 N1/2 N1/2 NW1/4 (SL) of 04-15N-10W; TD 20,355.

Devon Energy Production Co. LP; Doppelganger 4-9-15N-10W No. 4HX Well; NW1/4 NW1/4 NE1/4 NW1/4 (SL) of 04-15N-10W; TD 19,057.

Devon Energy Production Co. LP; Doppelganger 4-9-15N-10W No. 5HX Well; NE1/4 NE1/4 NE1/4 NW1/4 (SL) of 04-15N-10W; TD 20,208.

Devon Energy Production Co. LP; Doppelganger 4-9-15N-10W No. 6HX Well; NE1/4 NE1/4 NE1/4 NW1/4 (SL) of 04-15N-10W; TD 20,454.

Devon Energy Production Co. LP; Doppelganger 4-9-15N-10W No. 7HX Well; NE1/4 NW1/4 NW1/4 NE1/4 (SL) of 04-15N-10W; TD 20,407.

Devon Energy Production Co. LP; Doppelganger 4-9-15N-10W No. 8HX Well; NE1/4 NW1/4 NW1/4 NE1/4 (SL) of 04-15N-10W; TD 20,589.

Devon Energy Production Co. LP; Doppelganger 4-9-15N-10W No. 9HX Well; NE1/4 NE1/4 NW1/4 NE1/4 (SL) of 04-15N-10W; TD 20,972.

https://newsok.com/oklahoma-oil-prices-and-drilling-report-for-satu...