# 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:** 27
### Author:  [@Lee\_Phillips](https://www.mineralrightsforum.com/u/Lee_Phillips)
#### Post date: [December 15, 2012, 5:22pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/725 "2012-12-15T17:22:00Z")
Joe’s comments are very true. A bird in the hand is worth two in the bush (ALWAYS), and especially in the oilfield. I read most all of the comments here and have seen many people getting greedy. Guilty somewhat myself but did get 800 per. Most of the time a good producer will make far more money than holding out for that little bit more.
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [December 15, 2012, 7:29pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/726 "2012-12-15T19:29:00Z")
Slawson has permit but has not spud the well yet.
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### Author:  [@Andy](https://www.mineralrightsforum.com/u/Andy)
#### Post date: [December 16, 2012, 8:19am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/727 "2012-12-16T08:19:00Z")
Question: When an oil company has a lease with you, should they notify you if the lease is sold to another company? If not, then how would a person know if this has occurred?
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [December 16, 2012, 8:49am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/728 "2012-12-16T08:49:00Z")
If there is no production on the lease you will not know until there is, or you check the records at the courthouse. If the second one who got the lease filed for a spacing they would send you something then.
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### Author:  [@Mineral\_Joe](https://www.mineralrightsforum.com/u/Mineral_Joe)
#### Post date: [December 16, 2012, 2:20am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/729 "2012-12-16T02:20:00Z")
Many times a pooling order will include various formations and depths especially these in Logan where they are drilling several formations but when they drill they may not have a total vertical depth of an underlying formation which was included in the pooling order. Also they give you no shut-in clause, deduction clause and many others so you can be pooled if you choose but not me, not in Oklahoma, I want a better agreement than given by the pooling order. Also, in Oklahoma they care nothing about leasing your minerals and will not wait 1 or 2 years, they will pool you and get it over plus they get a better deal. In North Dakota it is an entirely different situation as they do not want to carry you. Oklahoma is ruled by the operators not by the mineral owner.
I know most everyone is greedy, some more than others, but I don’t think you are r w, not at all.
r w, do you own minerals in Logan County?
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### Author:  [@Andy](https://www.mineralrightsforum.com/u/Andy)
#### Post date: [December 16, 2012, 9:44am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/730 "2012-12-16T09:44:00Z")
Thank you Ron!
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### Author:  [@r\_w\_kennedy](https://www.mineralrightsforum.com/u/r_w_kennedy)
#### Post date: [December 16, 2012, 5:21pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/731 "2012-12-16T17:21:00Z")
To answer the question Joe, no I don’t own minerals in Logan County. I do have friends that own minerals in Oklahoma and I may own minerals there as well in the future. I thought I was done with mineral ownership in Texas but just inherited an interest. I and my brother are hoping that things can get untangled and that our interest can go to our great aunt because she deserves it and it would mean so much more to her than to us. I do post in places I do not own mineral interests and will continue to do so. Joe, do you only post in places where you own an interest?
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### Author:  [@r\_w\_kennedy](https://www.mineralrightsforum.com/u/r_w_kennedy)
#### Post date: [December 17, 2012, 1:34am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/732 "2012-12-17T01:34:00Z")
Kaye, it may not be exactly 1%, sometimes a little more if there is competition and I think their first offers are usually less and they say 85% of mineral owners sign the first lease they see. I do think it works quite often and it wakes people up to just exactly how much they were paid for 100% of their gas and oil, followed by a promise of a royalty on production.
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### Author:  [@Virginia\_Pflum](https://www.mineralrightsforum.com/u/Virginia_Pflum)
#### Post date: [December 17, 2012, 8:50am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/733 "2012-12-17T08:50:00Z")
R W,
I found it interesting that you stated the bonus is about 1% of what they expect to make. I have never heard that before. I have been investing for years and it has always been my understanding, get it as cheap as we can. If someone will take $50, get them signed up. If we need the Section to drill and someone want $250, we need it. I think a lot of people sign before they think. I love the way some land men sent the lease. First page is the bonus check, 2nd page a bad lease. When you call them and tell them you aren’t going to sign this bad lease, their reply is, did you see the check? People need to read, read and re-read the lease, then think about the money. I have seen some really bad leases, can’t remember seeing a real good lease. So most of my leases are half marked out, then we talk about money. Remember, if the land man think you need the money, you will get less and a really bad lease.
Remember, land men work between the company and you, most companies only pay so much for the lease and if the land man get it cheaper, it more profit for them. A higher lease may be less profit.
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### Author:  [@Kaye](https://www.mineralrightsforum.com/u/Kaye)
#### Post date: [December 16, 2012, 11:18pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/734 "2012-12-16T23:18:00Z")
Very interesting R W! Had no idea that “The bonus money is about 1% of what they expect to make off your minerals or less” … makes a lot of sense!
Thanks for your great posts!!
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### Author:  [@Mineral\_Joe](https://www.mineralrightsforum.com/u/Mineral_Joe)
#### Post date: [December 17, 2012, 2:43am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/735 "2012-12-17T02:43:00Z")
R W,
I do only post where I own minerals and own minerals in many more counties than I am a member of. I have no problem with where someone posts. I only asked out of curiosity and thinking from reading all your posts that you were more familiar with other states (ND) than Oklahoma. I read all posts of interest no matter where they are. I know you contribute a very large percentage of the overall posts. It’s good to have someone as yourself giving of themselves and their time to help others as you do.
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### Author:  [@Virginia\_Pflum](https://www.mineralrightsforum.com/u/Virginia_Pflum)
#### Post date: [January 6, 2013, 10:37pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/736 "2013-01-06T22:37:00Z")
Question?
What one of these 3 sands produces the longest?
The Mississippi, Woodford, or Cleveland?
I have a bet on this, so I really need to know.
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### Author:  [@Virginia\_Pflum](https://www.mineralrightsforum.com/u/Virginia_Pflum)
#### Post date: [January 7, 2013, 1:19pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/737 "2013-01-07T13:19:00Z")
Ron,
What great articles. Thanks. Looks like I’m going to the club to eat off someone else this weekend.
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [January 7, 2013, 1:28pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/738 "2013-01-07T13:28:00Z")
Which formation did you come up with?
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [January 7, 2013, 3:28pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/739 "2013-01-07T15:28:00Z")
This is a Cleveland I would like to have a W.I. in.
Roger Mills: Plano Petroleum LLC; Charlotte No. 1H-13 Well; SW1/4 SE1/4 SW1/4 SE1/4 (SL) of 13-17N-25W; 1,031 barrels oil per day, 5,093,000 cu-ft gas per day; TD 14,000.
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [January 7, 2013, 10:02am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/740 "2013-01-07T10:02:00Z")
Virginia, if you haven’t seen these they might help. Good question.
[http://newsok.com/northern-oklahoma-oil-field-has-growing-potential/article/3732826](http://newsok.com/northern-oklahoma-oil-field-has-growing-potential/article/3732826)
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [January 7, 2013, 11:15am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/741 "2013-01-07T11:15:00Z")
[http://seekingalpha.com/article/754371-newfield-south-cana-wells-shine-but-the-play-s-scalability-remains-to-be-proven](http://seekingalpha.com/article/754371-newfield-south-cana-wells-shine-but-the-play-s-scalability-remains-to-be-proven)
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### Author:  [@Virginia\_Pflum](https://www.mineralrightsforum.com/u/Virginia_Pflum)
#### Post date: [January 7, 2013, 3:13pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/742 "2013-01-07T15:13:00Z")
Ron,
I came up with Mississippi, followed by the Cleveland and then the Woodford. I hope I’m right.
I know of a Mississippi and Cleveland well that my parents had and the Mississippi was the last one to produce. Seems like the Woodford has the same pressure as the Mississippi and are usually produced together, but the Woodford usually goes dry first. I have found little information on the Cleveland, but I know it’s not a big producer, but does last a long time. I have invested in a Cleveland well years ago and it just keeps stripping along, sure not going to get rich off it, but it has lasted a long time.
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### Author:  [@Virginia\_Pflum](https://www.mineralrightsforum.com/u/Virginia_Pflum)
#### Post date: [January 7, 2013, 3:39pm UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/743 "2013-01-07T15:39:00Z")
Ron,
Wouldn’t mind having a W.I. in that well either. Guess I just invest in the bad ones. I think I just lost the bet. In Ohio, I think that is what he said, the Cleveland wells go back to the 1880s and produced a long time. So, we are having to go Dutch on this bet. Just my luck nowadays, just can’t win anymore.
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### Author:  [@Ron\_McKenzie](https://www.mineralrightsforum.com/u/Ron_McKenzie)
#### Post date: [January 7, 2013, 9:58am UTC](https://www.mineralrightsforum.com/t/logan-county-ok-oil-gas-discussion-archives/1427/744 "2013-01-07T09:58:00Z")
[http://media.corporate-ir.net/media\_files/irol/19/197380/CLR\_Sunday\_10\_7\_12\_Anadarko\_Woodford\_3.pdf](http://media.corporate-ir.net/media_files/irol/19/197380/CLR_Sunday_10_7_12_Anadarko_Woodford_3.pdf)
[http://newsok.com/northern-oklahoma-oil-field-has-growing-potential/article/3732826](http://newsok.com/northern-oklahoma-oil-field-has-growing-potential/article/3732826)
[http://superioroilandgas.com/mississippi-limestone-emerging-as-top-flight-horizontal-liquids-play](http://superioroilandgas.com/mississippi-limestone-emerging-as-top-flight-horizontal-liquids-play)
[http://www.reuters.com/article/2012/11/28/column-kemp-shale-oklahoma-idUSL5E8MSCY120121128](http://www.reuters.com/article/2012/11/28/column-kemp-shale-oklahoma-idUSL5E8MSCY120121128)
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