# 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:** 18
### Author:  [@Brooke\_Lynn\_Cash](https://www.mineralrightsforum.com/u/Brooke_Lynn_Cash)
#### Post date: [September 5, 2012, 2:15pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/542 "2012-09-05T14:15:00Z")
Just got a call from a “landman” about mineral rights that my great grandmother purchased. Section 15 (16N, 1E) 3.3 acres. He offered me 100 per acre & 1/6 royalty with 3 yr lease. He works for Striker. This is all new to me & I don’t know which way to turn. Is this a fair price? What about Striker, any info on them?
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [September 5, 2012, 4:37pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/543 "2012-09-05T16:37:00Z")
Brooke, The horizontal drilling is new to Logan County. I think I would wait a little but if you must lease get some help on the forum with your lease agreement.
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [September 5, 2012, 5:57pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/544 "2012-09-05T17:57:00Z")
Brooke, They would give you $330.00 for the lease and they get 3 years to drill a well. If they drill a well you get 1/6 of the income for your 3.3 acres. If they don’t drill a well within the 3 years you can lease it again. How much the royalty payment would be depends on how big the tract was they drilled (spacing) and how good the well was. For the most part royalty is paid once a month if they get a well. I don’t know if it will be horizontal but that is where the interest is and what would make the price go up.
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [September 5, 2012, 1:58pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/545 "2012-09-05T13:58:00Z")
Kaye 640 1 section some are 1280 or 2 sections.
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### Author:  [@r\_w\_kennedy](https://www.mineralrightsforum.com/u/r_w_kennedy)
#### Post date: [September 5, 2012, 6:37pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/546 "2012-09-05T18:37:00Z")
Brooke, I would also keep in mind that it looks like most people are doing well to keep 60% of what their royalty payment would have been without the operator making marketing deductions and taxes production and severance, state income tax (Oklahoma and your state if any) and federal income tax. If you only get to keep half anyway, make the best deal you can.
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### Author:  [@Brooke\_Lynn\_Cash](https://www.mineralrightsforum.com/u/Brooke_Lynn_Cash)
#### Post date: [September 5, 2012, 5:14pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/547 "2012-09-05T17:14:00Z")
Thank you Ron. How do you know it is horizontal? Because of location? How do royalties work? Is this a yearly payment? Let’s say they offer 1/6. How much would that be?
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### Author:  [@Richard\_Pruitt](https://www.mineralrightsforum.com/u/Richard_Pruitt)
#### Post date: [September 5, 2012, 6:53pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/548 "2012-09-05T18:53:00Z")
Brook, you need to get at least 3/16 for your royalties or ask for a 1/4. I would think that with 3/16 the average price in that area has been $150 per acre. At the top of this page is an area called mineral help, need to read about mineral leasing and you will benefit from it. No need to get in a hurry to sign the lease, take time and get the clauses in your lease that will benefit you not the oil company. Keep asking questions on the forum, many knowledgeable people to help you.
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### Author:  [@Kaye](https://www.mineralrightsforum.com/u/Kaye)
#### Post date: [September 5, 2012, 1:50pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/549 "2012-09-05T13:50:00Z")
Have a Question: If a horizontal well is drilled how many acres do they normally drill under?
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### Author:  [@Brooke\_Lynn\_Cash](https://www.mineralrightsforum.com/u/Brooke_Lynn_Cash)
#### Post date: [September 5, 2012, 9:26pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/550 "2012-09-05T21:26:00Z")
Thank you guys!! Very helpful information! 🙂
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [September 6, 2012, 9:08am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/551 "2012-09-06T09:08:00Z")
Kaye, where is your tract?
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [September 7, 2012, 6:15am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/552 "2012-09-07T06:15:00Z")
Pam No they do not need to have all of the leases to drill a well. The operator will file a force pooling and the third party broker or anyone who has not yet leased to the operator will have to make an election to take a working interest with some or all of their interest and pay their share of the drilling cost for that interest and get their full share of the proceeds 8/8 for that interest in the well or elect to turn their interest they do not take a working interest in over to the operator and take one of the royalty options offered in the pooling and get that fraction for that interest. If you want to elaborate or have more questions let me know.
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### Author:  [@Kaye](https://www.mineralrightsforum.com/u/Kaye)
#### Post date: [September 7, 2012, 6:50am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/553 "2012-09-07T06:50:00Z")
**Thanks Ron, I just received the order in the mail today. Previously, I tried looking it up, but could only find the affidavit, but now I see where you said, the order was signed on the 22nd.**
**I read over the order and from my understanding Section 21 had a previous order approving an 80 acre spacing, but then vacated that order to increase the spacing to 640 acres which includes the section I’m in. I realize that I don’t know the entire concept of how things proceed, but I’m confused if this is for a new well they might be thinking about drilling or if this is an existing well that’s already producing that they want to take further out horizontally or if that is ever done?**
**Or, maybe I’m just so tired I’m dreaming “Oil” and it might be a good idea for me to get some sleep and start all over again when I wake up! Lol**
**Ron thanks again, for your help!**
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### Author:  [@Kaye](https://www.mineralrightsforum.com/u/Kaye)
#### Post date: [September 6, 2012, 8:12am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/554 "2012-09-06T08:12:00Z")
Ron, thanks! I had no idea how many sections a horizontal well could cover! Devon already had a spacing order as of last October for the section adjacent to me, but as of last month filed another motion to set the October motion aside and include the section I’m in. Since, I’ve seen other motions filed pooling, etc., but no permit. Don’t know if that’s a good sign or not!
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### Author:  [@Kaye](https://www.mineralrightsforum.com/u/Kaye)
#### Post date: [September 6, 2012, 4:50pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/555 "2012-09-06T16:50:00Z")
Ron, I’m in 22 19N 3W.
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [September 6, 2012, 6:04pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/556 "2012-09-06T18:04:00Z")
Kaye they have a spacing order for your section for a horiz. well dated 8/22/12. No pooling filed yet.
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### Author:  [@Brooke\_Lynn\_Cash](https://www.mineralrightsforum.com/u/Brooke_Lynn_Cash)
#### Post date: [September 6, 2012, 7:57pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/557 "2012-09-06T19:57:00Z")
ok so as I said before I have land at Section 15 (16N, 1E) 3.3 acres. How would I find out who my neighbors are? Also, who would I contact to get a copy of the deed on the mineral rights as we have no record of it.
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### Author:  [@Pam\_Mineralowner](https://www.mineralrightsforum.com/u/Pam_Mineralowner)
#### Post date: [September 6, 2012, 11:39pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/558 "2012-09-06T23:39:00Z")
If an operator wants to drill a horizontal well in a section, does the operator need to acquire all leases in that section? Even if there are other third party brokers who’ve bought the leases in hopes of flipping them to the operator?
Let me know if you need me to elaborate. Thank you!
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [September 7, 2012, 6:25am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/559 "2012-09-07T06:25:00Z")
Brooke Do you have the land and the minerals or just the minerals.
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [September 7, 2012, 8:39am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/560 "2012-09-07T08:39:00Z")
Kaye Now you wait. If they had it all leased they would not need to file for a pooling.
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [September 7, 2012, 11:47am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/561 "2012-09-07T11:47:00Z")
Brooke
What name could the interest be under?
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