# McClain County, OK - Oil & Gas Discussion archives
**URL:** https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413
**Category:** McClain County, OK
**Created:** [June 24, 2011, 6:48pm UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413 "2011-06-24T18:48:07Z")
**Posts on this page:** 20
**Page:** 4
### Author:  [@Joe\_S](https://www.mineralrightsforum.com/u/Joe_S)
#### Post date: [November 20, 2017, 10:25am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/265 "2017-11-20T10:25:00Z")
The last crash was a really good one. So, I personally think the market is in a state of repair. Sometimes it’s a really long grind for higher prices. The crash in the late 90’s, oil was like $10 a barrel or so. I did not think it would ever go up! Most everyone in any oilfield business was dying. I knew a guy that bought a directional drilling rig at a fire sale price and built a business starting with that one rig and went on to make millions.
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### Author:  [@John\_W](https://www.mineralrightsforum.com/u/John_W)
#### Post date: [November 24, 2017, 1:09am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/266 "2017-11-24T01:09:00Z")
Thanks Stephen Weeks for the info. I was afraid that was the answer. At least the prices are better this time around.
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### Author:  [@Murelene\_Louise\_Nelson](https://www.mineralrightsforum.com/u/Murelene_Louise_Nelson)
#### Post date: [November 27, 2017, 11:44am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/267 "2017-11-27T11:44:00Z")
M Barnes is right. The book from NARO Look Before You Lease is very good. I have learned a lot of things I did not know and will be better prepared when the lease expires in April 2018. Thank you.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [November 27, 2017, 9:27am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/268 "2017-11-27T09:27:00Z")
I received an offer for a mineral interest lease last week for a tract of land described as being in the W/2 of Section 6, Township 7 North, Range 3 West, McClain Co., OK, which apparently was owned by my grandfather and left in my name. He died in 1985, however, and it’s as yet undetermined how many acres he owned or if it might have been sold. No records in OK. Fortunately, There is a probate trail that I’m following, but any insights into activity in the area would be helpful. The initial offer was for $1,600 per net acre bonus for a 3 year term with a 2 year extension, having a 18.75% royalty 3/16th. Based on my cursory review of recent discussions, that seems low, but I’m also new to the forum and learning about the topic as I go. Thanks to all for any help you could provide!
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [November 27, 2017, 10:31am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/269 "2017-11-27T10:31:00Z")
Eric,
That sounds a lit low. Section 7 had $1600 1/5 previously. You do not want a two year extension. Always ask for the 1/5th and 1/4th set. Read over the last six months of comments here on the county and get a feel for the advice regarding lease terms, Exhibit A clauses, etc.
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### Author:  [@Kirk\_Bloomquist](https://www.mineralrightsforum.com/u/Kirk_Bloomquist)
#### Post date: [January 4, 2018, 11:18am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/270 "2018-01-04T11:18:00Z")
I signed a lease with Okie Energy this past November. They said they had 45 days to do their title work and get a check to me. Those days have come and gone and when I called to inquire they said they have been busy and needed more time. I have not dealt with this before and am wondering what my options are?
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### Author:  [@Brent\_L\_Rooney](https://www.mineralrightsforum.com/u/Brent_L_Rooney)
#### Post date: [January 5, 2018, 7:54am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/271 "2018-01-05T07:54:00Z")
The McClain County Clerk’s Office closed the Tuesday before Thanksgiving and just reopened this week. There has been a delay for all companies needing to verify title due to this.
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### Author:  [@Kirk\_Bloomquist](https://www.mineralrightsforum.com/u/Kirk_Bloomquist)
#### Post date: [January 5, 2018, 8:09am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/272 "2018-01-05T08:09:00Z")
Thanks Brent. That would explain the delay.
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### Author:  [@Kirk\_Bloomquist](https://www.mineralrightsforum.com/u/Kirk_Bloomquist)
#### Post date: [January 5, 2018, 7:17am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/273 "2018-01-05T07:17:00Z")
It is not. When I talked to the guy he says it is the standard number of days in which to close.
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### Author:  [@Larry\_C\_Kerr](https://www.mineralrightsforum.com/u/Larry_C_Kerr)
#### Post date: [January 7, 2018, 12:55am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/274 "2018-01-07T00:55:00Z")
Does anyone know if there are any laws or rules for how long before oil companies have to pay out royalties once they start producing?
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### Author:  [@Larry\_C\_Kerr](https://www.mineralrightsforum.com/u/Larry_C_Kerr)
#### Post date: [January 8, 2018, 1:09am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/275 "2018-01-08T01:09:00Z")
Thank you Tom and Debbie, to my understanding they started production the first part of July of 17, how can I confirm that?
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### Author:  [@Debbie\_Brake\_Downey](https://www.mineralrightsforum.com/u/Debbie_Brake_Downey)
#### Post date: [January 8, 2018, 12:11am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/276 "2018-01-08T00:11:00Z")
They are to begin paying 6 months from date of first production.
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### Author:  [@Tom\_Ed\_Moore](https://www.mineralrightsforum.com/u/Tom_Ed_Moore)
#### Post date: [January 8, 2018, 12:15am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/277 "2018-01-08T00:15:00Z")
Six months from date of first sales. If longer the operator owes you back revenue + 12%.
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### Author:  [@Tom\_Ed\_Moore](https://www.mineralrightsforum.com/u/Tom_Ed_Moore)
#### Post date: [January 9, 2018, 6:52am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/278 "2018-01-09T06:52:00Z")
Larry,
Try this.
[http://www.occpermit.com/WellBrowse/Home.aspx](http://www.occpermit.com/WellBrowse/Home.aspx)
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### Author:  [@Frank\_Pfisch](https://www.mineralrightsforum.com/u/Frank_Pfisch)
#### Post date: [January 9, 2018, 9:08am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/279 "2018-01-09T09:08:00Z")
Larry - If it is an oil well, first sales occur when the purchaser picks up the first load of oil. The acronym is “dofs”. That may, or may not, be the first day oil started flowing into the tanks. The acronym is “dofp”.
Gas is different because first sales occur when gas starts flowing into the pipeline.
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### Author:  [@Debbie\_Brake\_Downey](https://www.mineralrightsforum.com/u/Debbie_Brake_Downey)
#### Post date: [January 10, 2018, 7:11am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/280 "2018-01-10T07:11:00Z")
Also Okla Tax Commission website - do a public PUN search. Will give you month of first sales
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### Author:  [@Larry\_C\_Kerr](https://www.mineralrightsforum.com/u/Larry_C_Kerr)
#### Post date: [January 22, 2018, 5:09pm UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/281 "2018-01-22T17:09:00Z")
Tom Moore/Debbie Downey, just got an email from Casillas Petroleum saying that division orders have been sent. They also stated that their DO analyst said that my interest is in suspense. Can you tell me what they are talking about? Thank you in advance for any help you can give me.
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### Author:  [@Tom\_Ed\_Moore](https://www.mineralrightsforum.com/u/Tom_Ed_Moore)
#### Post date: [January 23, 2018, 12:13am UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/282 "2018-01-23T00:13:00Z")
Larry,
Saying the title is in suspense is a way to only allow 6% six months after first sales. Contact their DO analyst and inquire what hoop they want you to jump through. They have to tell you what clouds the title.
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### Author:  [@Rick\_Blackwell](https://www.mineralrightsforum.com/u/Rick_Blackwell)
#### Post date: [February 5, 2018, 4:47pm UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/283 "2018-02-05T16:47:00Z")
Any thought on what a fair price would be for a 3-year, 3/16th lease on minerals in 5N-3W? (More specifically, 50 net mineral acres in Section 2-5N-3W.) These minerals are open and would like to get them leased.
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### Author:  [@Sharon\_Miller](https://www.mineralrightsforum.com/u/Sharon_Miller)
#### Post date: [February 6, 2018, 3:35pm UTC](https://www.mineralrightsforum.com/t/mcclain-county-ok-oil-gas-discussion-archives/1413/284 "2018-02-06T15:35:00Z")
I would suggest you not consider selling any mineral rights in McClain right now. Lots of leasing and drilling going on there. Hang tight if you can!
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