I received a letter from a landman working for an investment company over 2 weeks ago wanting me to sell what my sister and I inherited from my mom. He sent me another letter of the mineral deed and letter of agreement. I am not in dire need of immediate cash and he wants to buy my rights for 8,300. It’s in Washita County, OK Section 25, Township 11 North, Range 18 West. I receive a check once a year from SM Energy. Are they the leaser or operator? Any info given will be greatly appreciated as I can tell he is desperately wanting me to sign.
Babette,
Here are the last completion reports on 6 wells that have been drilled in Washita County. After looking at the completion on these wells I can understand why someone would want to pay you chicken feed for your minerals. These are some fairly good wells. You might be making a big mistake if you sell. This investment company knows something you don’t know.
500220524 1002A 0511N18W SW SE SE SW 149216560003 JOYE 5-11-18 3H 1/14/2013 2/6/2013 500224296 1002A 0811N18W NW NE NW NW 149216620001 NEIL 5-11-18 1H 1/13/2013 2/27/2013 500227471 1002A 1411N18W NW SW SE SE 149216680000 KENTON 23-11-18 1H 2/15/2013 3/20/2013 500223526 1002A 1611N20W SW SW SE SW 149216660000 AA GREEN TRUST 1-16H 1/18/2013 2/22/2013 500227470 1002A 1711N18W NW NE NW NW 149216640000 MARTY 8-11-18 1H 2/2/2013 3/20/2013 500226858 1002A 1711N18W NW NW NW NE 149216650000 DON 8-11-18 3H 2/4/2013 3/14/2013 1
Daily Production:
Joye 5-11-18 3H 197 BBL Oil 3,363,000 MCF Gas Neil 5-11-18 1H 184 BBL Oil 4,423,000 MCF Gas Kenton 23-11-18 1H 484 BBL Oil 10,154,000 MCF Gas AA Green Trust 1-16H 354 BBL Oil 10,605,000 MCF Gas Marty 8-11-18 3H 304 BBL Oil 8,731,000 MCF Gas Don 8-11-18 3H 134 BBL Oil 5,718,000 MCF Gas
Clint Liles
Babette, Who is the buyer/landman?
Matthew
I show Samson has a well in 25 the Bullitt 1-25H. I also show SM has a well drilled from 36 under 25, the OSU 2-25H. I also show SM started another well on 2/2/13 on 25, the Bullitt 2-25H. The OSU 2-25 well has average 224 BOD & 5275 MCFD from April to Oct 2012. That is a very good well. If you are getting a check once a year you must have a very small interest. With three wells you should get a check once a month. And the well names should be on the check. There should be payment from two wells now and another before long. I am going to do some more looking for I don’t know why Samson & SM are both in 25. The Bullitt 1-25H looks to be a good well also.
http://imaging.occeweb.com/AP/Orders/OCC_OG_2PLHMKK_1LUG5ND.pdf
http://imaging.occeweb.com/AP/Orders/02FEB389.pdf
I would think long and hard about selling and do not rush into anything. It looks like they have something there. How many acres do you have? Above are some links to what went on with Samson & SM. You should be getting paid for two wells now. Are you?
Babette,
These are some fairly good wells. I’m sure your minerals are worth several times more than $8,300.
Clint Liles
Babette Myers nka Babette Struth said:
Thank You for replying!! Sorry but I don’t know what any of that means. I can send you what I do have, but I’m still learning, researching and tomorrow I’m going to type up letters to send to SM Energy, Samson and Plains Marketing to find out more info
Clint Liles said:
Babette,
Here are the last completion reports on 6 wells that have been drilled in Washita County. After looking at the completion on these wells I can understand why someone would want to pay you chicken feed for your minerals.
Clint Liles