Kaye, your September 8 comment helped me understand what’s going on a bit more. Thank you! At this point in time, I’m sitting back and waiting. I do want to get the best bonus and the best terms.
Thanks again, Pam
FYI
I have minerals in S26, 15N, 2W. Currently, the best lease offer is $350 NMA with 3/16 royalty.
FYI
Also have minerals in S7, 16N, 1E. Best lease offer thus far is $300 NMA at 3/16 royalty.
Ron,
What is the name of this well? It’s a few mile west of me. Do you know what sand it’s in?
Completion 5-19n-3w, 310 BOD & 359 MCF
Thanks Virginia, good to know.
Dazed & Confused
This is very common in the oil business to buy cheap, flip a few time as they may need the money to pay off a mortgage or drill a well and something just to make a profit.
Also, I just found out that a guy sold the minerals for a whole section which inclued my minerals and he didn’t own any of my minerals. I called Uni Royalty Group out of CO. whom purchases it and told them they had put a cloud on my farm because of their filling a mineral Deed, they told me to go to hell and they wouldn’t do anything. Then I found out they had already sold it to another group. So, now I’m having to pay a lawyer to have them sign off and clear my title. So, everyone needs to check their records about once a year or more to be sure something like this doesn’t happen to them. Go to your Co. Clerk office and ask to see your records, most people that work in these offices are nice and will show you how to do it, but they can’t do the work for you. Hope this hasn’t happened to anyone else.
Virginia It is the Box 1-5H in the Cleveland & the second well in that section the first was the Jantz 1-5H 55 BOD and 135 MCF . I also found the Wilson 1-H in 1-19n-3w 129 BOD & 113 MCF
Ron,
Do you have any information on production for Osage/Slawsons, Davis Farms 2-5H in S5-T16N-R3W which was spudded on 5-27-12? There is no completion report in the OCC’s Electronic Well Data Base as yet and it’s been almost four months since they tapped in!
anyone know a good oil and gas attorney in guthrie or perry?
Brooke,
Don’t lease for $100. I haven’t heard of anything less than $300 in the last year. Most of it is a lot more. Some people are even getting 1/5.
They are trying to make a profit. Hold out and then read the lease really good, don’t sign anything that you don’t understand or you still might not get anything.
Brooke,
Minerals are leasing from 300 to 1400 per acre in this area right now.
Osage is drilling a vertical well to check out the oswago formation just south of me. Apparently, they found a very oil rich zone. Anyone know anything about this zone?
I recently found out by a land man from striker oil service that my great grandmother purchesed 4 acre of mineral rights in secton 15-16N-1E can anyone tell me what is going on in this area they made an offer of 100 an acre and 3/16 royalty we did not except 2 weeks later they are no longer interested and said there was no oil there we are from arkansas and have no clue how to find out were the location are who to talk to about these mineral rights can anyone help are just tell me whats going on in this area and what trustworthy company we can talk to
Brooke, some people and companies just go around looking for bargains. If you refuse the first offer or want to negotiate, they just keep searching for the bargain. Since they found you they probably already had a good idea about the title and it’s easy to see where they could flip your acres to someone else at a profit if they only paid you $100 per acre. I hope you found out enough so you could record your ownership through proof of death and heirship or other document.
Has anyone on the forum had any leasing deals with Tetra Energy? Would like to get a contact number for their land person.
so has anyone heard of any offers are any wells coming up in section 15 are if there is any oil to b pulled from this area
Robert There is an article posted by Clint in discussion forum above about Osage well in 18-18n-3w.
Ive not heard of any lease bonus paid above 800 in the Mullhal Orlando area which was for my lease. What compny paid 1400 and in what area.That is a lot for an unproven area.
Lee
After reading many of these posts I’ve learned a lot. I’ve learned that negotiating a lease is not for the faint hearted or uninformed. Becoming informed takes a lot of time and study. Even then mistakes can be made that would leave one short in many optional areas.
As a result, I went searching for an Oklahoma Attorney to handle my mineral rights and leasing. By the Grace of God, I found a Jewel among the refuse.
He only charges a flat fee one time and has over 30 years experience. He’s in Oklahoma City and communicates clearly in all aspects of the leasing offer.
He is currently working on a lease for me between two landmen who represent two different operators, which is a fortunate opportunity for me as the competition is working to improve the lease.
I can highly recommend Robert Robles based on the relationship I’ve had with him via phone and e-mail. In case you might be interested, I’m posting his web site link: