# Logan County, OK - Oil & Gas Discussion archives
**URL:** https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427
**Category:** Logan County, OK
**Created:** [June 19, 2011, 3:10am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427 "2011-06-19T03:10:40Z")
**Posts on this page:** 20
**Page:** 164
### Author:  [@Virginia\_Pflum](https://www.mineralrightsforum.com/u/Virginia_Pflum)
#### Post date: [May 16, 2014, 10:50am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5116 "2014-05-16T10:50:00Z")
Liz,
Lots of the oil is being purchased by Conoco or Phillips 66 and gas may go into Mustang lines. Plus several other companies are in the area.
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### Author:  [@Martha\_McMorries](https://www.mineralrightsforum.com/u/Martha_McMorries)
#### Post date: [May 16, 2014, 7:44pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5117 "2014-05-16T19:44:00Z")
Liz, don’t worry, you can learn almost everything concerning your minerals on the internet and/or this forum. However, there’s a few things you need to know right away. (1) Never sell your minerals. (2) Completely understand every clause in your oil and gas lease before you sign it. (3) Know who you can and cannot trust. (4) You have a legal right to participate with your mineral interest but it can be very expensive and complicated.
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### Author:  [@ronald\_von\_wilson](https://www.mineralrightsforum.com/u/ronald_von_wilson)
#### Post date: [May 16, 2014, 1:57pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5118 "2014-05-16T13:57:00Z")
As a footnote, it is good to look for advice and answers to our Mineral quest, but counter-productive, I think, to admit in public that you are a “newbie and know nothing about minerals…” I know it all. I know everything I need to know and indeed have a pretty lengthy manuscript nearly finished about Mineral Rights and the plights and problems of Mineral owners. It will be published shortly. The operators and oil companies do not want any of us to know anything about minerals. They want us totally ignorant to everything. They do not want us to know anything about fracking. They do not want us to know where the crude goes to after it is drawn out of the earth and what happens to mother earth after they rob the Earth of the crude. They do not want us to know who purchase the oil and how it is bought and sold, and they make every little detail of these matters intentionally confusing and misleading so that even those who do know a little are confounded by what they know. This is the REALITY of the situation, so everyone needs to know everything they can learn about what is going on. Only then will we have the right stuff to deal with the oil magnates, who have down through history gone to the extremes of bombing their own competitors out of business right here in the USA. And it still goes on.
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### Author:  [@Liz](https://www.mineralrightsforum.com/u/Liz)
#### Post date: [May 16, 2014, 6:18pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5119 "2014-05-16T18:18:00Z")
Well I guess from your last comment I have blown it.
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### Author:  [@Martha\_McMorries](https://www.mineralrightsforum.com/u/Martha_McMorries)
#### Post date: [May 19, 2014, 9:05am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5120 "2014-05-19T09:05:00Z")
Devon & GE are collaborating to develop new artificial lifts that will be used on oil wells to increase pressure within the reservoir and drive oil to the surface when the reservoir’s natural pressure is not strong enough to push the oil to the surface.
[http://fuelfix.com/blog/2014/05/12/ge-devon-sign-collaboration-deal](http://fuelfix.com/blog/2014/05/12/ge-devon-sign-collaboration-deal)
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### Author:  [@Martha\_McMorries](https://www.mineralrightsforum.com/u/Martha_McMorries)
#### Post date: [May 19, 2014, 10:22am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5121 "2014-05-19T10:22:00Z")
Sir Ron Von, An Oklahoma man sold over 10 thousand acres of highly valuable mineral acres about 5 years ago for 5 million. To date, the money made from just the leasing and production of the same minerals has been about 10 million and there are many more wells to be drilled. Think of what could have been made if he had participated with his mineral acres. Yes, it is too late for some. It took over 50 years to purchase the minerals and less than 50 minutes to give them away. What a shame.
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [May 18, 2014, 7:38am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5122 "2014-05-18T07:38:00Z")
Liz the pooling hearing on 29-17N-4W was moved to 6/19/14.
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### Author:  [@Harley\_Baade](https://www.mineralrightsforum.com/u/Harley_Baade)
#### Post date: [May 19, 2014, 1:28am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5123 "2014-05-19T01:28:00Z")
Ron, any notice about pooling on 30-17N-4W? Payne exploration.
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [May 19, 2014, 7:10am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5124 "2014-05-19T07:10:00Z")
Harley the pooling was recommended on 2/21/14, however no order filed yet.
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### Author:  [@Martha\_McMorries](https://www.mineralrightsforum.com/u/Martha_McMorries)
#### Post date: [May 19, 2014, 9:13am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5125 "2014-05-19T09:13:00Z")
Jeopardy knows what’s happening and so should we. The Anadarko Basin is not as big as the Bakken, but it’s less expensive to drill, so our area will greatly profit when the oil export ban is lifted.
[http://www.exxonmobilperspectives.com/2014/05/12/this-is-shale-energy/](http://www.exxonmobilperspectives.com/2014/05/12/this-is-shale-energy/)
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### Author:  [@ronald\_von\_wilson](https://www.mineralrightsforum.com/u/ronald_von_wilson)
#### Post date: [May 19, 2014, 9:27am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5126 "2014-05-19T09:27:00Z")
Actually, admitting to knowing nothing and being a “newbie” is a bad thing to do not only in mineral ownership, but in everything. A lot of people see this and a lot of people will take advantage of it and it could cost hundreds or thousands of dollars. But a lot of people do this very dangerous thing, sometimes to the point of being too late to correct it.
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### Author:  [@ronald\_von\_wilson](https://www.mineralrightsforum.com/u/ronald_von_wilson)
#### Post date: [May 19, 2014, 8:38pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5127 "2014-05-19T20:38:00Z")
Liz, how right you are. If I’d had my druthers, I’d rather have bought tons of Microsoft stock back when I could. LOL But on the other subject, my grandfather Wilson, a truly incredible devoted husband and family man, was also a realist, and several times I recall him telling my father not to tell your “enemy” what you are doing, keep them in the dark until a deputy sheriff hands them a summons letting them know they have been sued.
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### Author:  [@Liz](https://www.mineralrightsforum.com/u/Liz)
#### Post date: [May 19, 2014, 7:06pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5128 "2014-05-19T19:06:00Z")
I lived and was educated in North Dakota. If I thought this would happen I would have bought a lot of land there in the early 70s. Forget education, let’s buy land. LOL
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### Author:  [@ronald\_von\_wilson](https://www.mineralrightsforum.com/u/ronald_von_wilson)
#### Post date: [May 20, 2014, 9:40am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5129 "2014-05-20T09:40:00Z")
equal to seven percent (7%) of the gross value of the production of oil based on a per barrel measurement of forty-two (42) U.S. gallons of two hundred thirty-one (231) cubic inches per gallon, computed at a temperature of sixty (60) degrees Fahrenheit.
I don’t know if I even want to know. LOL
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [May 20, 2014, 8:11am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5130 "2014-05-20T08:11:00Z")
**Logan:** Crown Energy Co.; Schrammel No. 1-6H Well; SE1/4 SW1/4 SE1/4 NW1/4 (SL) of 06-19N-02W; 146 barrels oil per day, 62,000 cu-ft gas per day; TD 9,194.
Stephens Production Co.; Jane No. 3-16H Well; SE1/4 SW1/4 SE1/4 SE1/4 (SL) of 16-16N-04W; 95 barrels oil per day, 143,000 cu-ft gas per day; TD 12,172.
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### Author:  [@ronald\_von\_wilson](https://www.mineralrightsforum.com/u/ronald_von_wilson)
#### Post date: [May 20, 2014, 9:39am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5131 "2014-05-20T09:39:00Z")
LOL Thanx, Martha, I have only very briefly scanned this, noting keywords-phrases like, “exemptions allowed,” and tax of 7%, based on 53 gallons per barrel at 60 degrees Fahrenheit… and it gets better. I don’t know, I just don’t know.
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### Author:  [@Martha\_McMorries](https://www.mineralrightsforum.com/u/Martha_McMorries)
#### Post date: [May 20, 2014, 10:33am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5132 "2014-05-20T10:33:00Z")
Sir Ron Von, Notice the tax rate has been changed from 1% to 2% for the first 3 yrs of production and has been changed from “horizontal wells” to include “all wells”. Also, notice that the dates for “secondary recovery projects approved or having an initial project beginning date on or after July 1, 2000, has been changed from before July 1, 2014 to July 1, 2020” and states…“any incremental production attributable to the working interest owners which results from such secondary recovery projects shall be exempt from the gross production tax levied pursuant to this section for a period not to exceed five (5) years from the initial project beginning date or for a period ending upon the termination of the secondary recovery process, whichever occurs first.”
Basically, these new ‘adjustments’ could serve as an incentive to hold entire sections with one or two vertical wells and the working interest owners will not be subject to the increase in tax rates for 5 yrs. So, a working interest owner will not have to pay the 1% increase and gets a 2 yr extension on the 7% increase, but may have to wait 3 years before realizing any significant payback.
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### Author:  [@Martha\_McMorries](https://www.mineralrightsforum.com/u/Martha_McMorries)
#### Post date: [May 20, 2014, 12:12pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5133 "2014-05-20T12:12:00Z")
Oklahoma Corporation Commission well spacing rules and regulations can be subject to change as in location exceptions, secondary recovery, etc. which are set forth in Title 165: Corporation Commission Chapter 10: Oil and Gas Conservation Part 5. Spacing 165:10-1-20 thru 165:10-1-37
[http://www.occeweb.com/Rules/Web%20Ready%20Ch10%20FY14%2007-01-13%20searchable.pdf](http://www.occeweb.com/Rules/Web%20Ready%20Ch10%20FY14%2007-01-13%20searchable.pdf)
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### Author:  [@Martha\_McMorries](https://www.mineralrightsforum.com/u/Martha_McMorries)
#### Post date: [May 20, 2014, 9:25am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5135 "2014-05-20T09:25:00Z")
Oklahoma Legislators making a few adjustments to drilling tax incentives today. HB 2562 [http://webserver1.lsb.state.ok.us/cf\_pdf/2013-14%20SUPPORT%20DOCUMENTS/SCHEDULED%20CCR/House/HB2562%20CCR%20A.PDF](http://webserver1.lsb.state.ok.us/cf_pdf/2013-14%20SUPPORT%20DOCUMENTS/SCHEDULED%20CCR/House/HB2562%20CCR%20A.PDF)
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [May 20, 2014, 12:37pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/5136 "2014-05-20T12:37:00Z")
Russell, please be a little more specific about type of information you need
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