Sometimes these numbers seem switched around from my perspective, Township 17 Logan popped up as Crescent, which is where my Mother and Auntie were both born and raised, that make sense, I think my lease reads "“Township 17 North, Range 3 West Section 20: N/E 4” They (Sendero Land in Edmond) offered me 1/8 at $400.00 and I counterofferred at Zero for more royalty, which they would not go for? So I went ahead and signed, the well is to go 10,000 feet which I understaqnd is a little strange for Logan County? The actual Pooling Order lists Osage Exploration out of San Diego CA. As far as I can determine, 2 verticle wells drilled about 14 years ago, one on my Mothers and the other on my Aunties, pumped for at least 15 years, my Mummy collected meager checks that dwindled from around $30 pm down to $11.00 per month but her lease is in storage in Philadelphia and I am in Fort Knox right now, but I will get the lease and read it in a couple weeks when I go to Philadelphia. I do believe the wells have both been shut down. FYI, my bones tell me it is going to get very active in Logan. LOL
I spoke with All the majors recently and no one was leasing anymore in Northern Logan and evidently the few wells that Continental drilled was not good enough to keep them in the area either even with them being very shallow wells.
All the majors? How recent? Activity in the area does not seem to suggest this… Believing those who are offerring the leases might not be the wisest thing to do. Having said as much, I went ahead and signed the first offer, which most people suggest that is not the wisest thing to do, either. Well, I have lived quite comfortably for 40 years without oil royalties, and no matter what happens, I, or my heirs, still own the Minerals. Maybe my grandkids will talk about how wise I have done, but please, nobody never call me GRANDPA! I gotta name just like you.
Actually, I did not say anyone was leasing, however, I personally signed for Osage last week, through one of their brokers in Edmond, (Sendero) and I would imagine there are others? De3von is also in this action, and I honestly believe there is leasing going on, but, Logan is, after all, just a county, so how many leases could we expect to be pursued and/or signed when probably everyone else in the county is already signed? Add that to the fact that it behoofs the Major Oils to make people think they are not leasing, so mineral owners think they are getting the best deal they can, and you have American corruption at it’s best, and at its worse. I would not believe nearly anything the corporations put out.
Ronald,
If you worked for Frisco, your train went through one of my farms west of Perry, it catch our wheat on fire many times. please don’t bring back bad memories of that train and all the fire it caused.
My husband brother on law and his sons also worked for the railroad and did at least get a retirement.
Ronald,
I didn’t say that Halliburton was flying helicopters for joyride or vacation. What I meant is, when they have a problem at the well site, they will fly people who can solve the problem quickly. I don’t think my husband took very many joyrides on a helicopter. Even though he loves to fly. And as far as what wells can make in the future, who knows. Just think what has happened in the last 60 years. From wood derricks to metal, now to walking derricks that can telescope. With new technology who knows what the future holes.
Could you give us a range on what you got for your lease and the location. I think you are probably near I-35 and 51 if I have it figured out right. And I still see leasing going on in the area, maybe not by the big companies but some smaller, good companies.
Also I am a retired Railroad telegraph operator having worked all over Oklahoma, as has my family members. Anyone recall the old FRISCO Railroad? That’s us, including a Trainmaster in Enid.
As to how much oil can 1 well do…this is clipped from one source, in which a well just leaking into the Gulf of Mexico, (Nowhere near as large as the BP spill,
"By Friday, April 30, a few industry experts were saying the well could be leaking oil into the Gulf of Mexico at a rate of 25,000 barrels (more than 1 million gallons) a day–five times the government’s recently revised estimate.
That is just LEAKING. Leaks in a pipeline can be fixed relatively quick and inexpensively. Under half a mile or more of ocean, as we well know by now, take much, much longer and cost a whole lot more. I have read 100,000 bpd frome ONE Horiz. well is a possibility in the not too distant future, I believe it. Halliburton (and othere) is not flying hellicopters all over Northern Okla Sou Kansas for a joyride/vacation. Past experience bears out that Land owners and Mineral owners have been ripped off day and night, and we should only expect more of the same on much larger scales. Halliburton (and others) does not want us to know ANYTHING.
Portia,
Seems like everyone who owns the mineral lives out of state. I live in TX, but since we retired, we do spent more time in OK when it’s not cold. When I’m at the farm, I don’t see but a couple wells being drilled here and there, nothing big time. In Arlington, TX, we had several rigs running at the same time, nothing like that in Logan Co.
Virginia
Just got an offer from Osage. Started low and went a little above other offer.
I don’t live in OKla now so can’t actually see the activity that is going on.
Yes, Virginia and Portia, mine is and I quote from the actual lease in my lap, “tOWNSHIP 17 nORTH, rANGE 3 wEST, sECTION 20: ne/4” Township 17 being Crescent, OK where our ancestors go back to the SOONER YOU GET THERE THE SOONER IT IS YOURS…etc. Now read this, mine is a whole whopping Gross Acres 160 Net Acres a whole whopping 1.645833 Acres, and I imagine they will gyp me out of Millions. LOL I dcon’t have a day job, but I do have 5 books I have already written and published, and am not starving.
Ronald,
If you only have 1.645833 A, I doubt that you will become a millionaire anything soon. I hope you get a check once a year as most companies won’t mail anything under $100. And it sounds like your land is SW of mine several miles. So you aren’t close to Portia and me. As far as getting gyp out of anything, hate to say this, but you are a problem to oil companies recorder keeping/accountant. Please don’t take that the wrong way. But, just think if the well is on 640 A and everyone owned 2 A, they would have to sent letters & checks to over 320 people. It cost an avg. of about $25 company fees or more of each person checks alone. So, the oil company has to make big profit to stay in business.
I got an offer from the president of Osage (about 2 months ago) and then they backed out when I wanted to go forward. Logan County Section 33, 17N, 2W.
Portia,
what township and range are yours in that Osage leased? I had spoke with the President of Osage, they are probably just filing in where they hold a majority as I was told they are not leasing overall or expanding. They all might change their mind if oil prices continue higher, now if it will remain up here in the $90’s.
It has been a while, but I have discussed oil with Emit Smith at Fatso’s Hamburgers in Arlington when I lived there a while. The small mineral owner can be likened to a football team, it takes a whole lot of bench warmers to keep the team in the best shape.
So, the President of Osage is making the rounds and offerring leases? What about Dick Cheney, does anyone have an offer from him, or from Ted Turner? My great 2X removed Grandaddy was on thetrail of tears, you know where the gov rounded up all of the Cherokee Nation, because they discoverd gold in the Carolinas, and sent them to the most worthless land they could find in the entire USA. It was totally worthless, that is why they sent us there. Now they are confined to a few reservations, but it is all on more totally worthless land, wait-a-minute-no0w, our Native Americans have more sense than we give them credit for, just look at the Casinos the sucker us all to throw our money away in> LOL We have no imagination, and it prevents the hundred thousand barrel pd wells, ----- until someone gets one, then another, and then another…etc. God gives to the dreamers, never the doubters.
I clipped this from the MISSISSIPPIAN CARBONITE part of this website, and to me it speaks tons about what is about to happen in Noble Cty for example. I have seen conservative estimates of well over 30 BILLION barrels in the MISS. And that is at shallow depths, but the bacon in the beans is even deeper, to ten thousand, twenty thousand feet and eve more. But people are so negative about the whole thing, and they do not seem to believe in much of anything. We need some enthusiaqsm, some dreaming, some action on it all that GETS THINGS DONE! This is America! WE are America. What would the GREAT STATE of klahoma be today, if the SOONERS had just squatted on the border and said. “Well, that ground ain’t even worth running for…?” That is NOT the Oklahoma I know.
Comment by Larry on Tuesday
i’m trying to learn something about this, but not sure exactly what yet. I guess it’s the meaning/usage of the word ‘carbonate’. – I’m monitoring pretty closely 2 counties in N.N/E Oklahoma, Pawnee and Noble, which are just N/W of the orange colored area labeled ‘Fatetteville and Caney Fms’ in illustration 2. Those two counties aren’t colored. There’s quite a bit of drilling activity in Noble now, has been some in Pawnee and will be more again soon, all in the Mississippian depths. Is that NOT Mississippian carbonate?
6 & 1-19-3 cleveland ,33 miss. 16 &33-19-2 Woodford
Robert,
Do you know if they drilled the test well in 30-21N-2W, Noble Co. It would be about 1 mile N of the Logan line. I heard they planned on testing about 20 sands and I forgot how deep they were going. I think they may have got a spacing for it last fall while I was out of town, yet I can’t find anything on it now and don’t know if it was drilled.
16-19-2,1047BO,8/12. 33, 688 BO , 8/12