Multiunit horizontal well filed April 7th and increased density as well. Wondering about the time frame to get approved and drilling time. Case 2026-001456. Wondering if this is a good well? or any information, thanks!
There are several OCC cases in those sections. Some by Continental Resources and some by Ovintiv. More than one horizontal well is planned. The original wells in the section were nice. These will be infill wells. Ovintiv plans two wells.
“It depends on the timing” The one you are asking about has a hearing set for May 5, so will see if it actually happens. In general, multi-unit horizontals can take four-five months to drill and complete. They will probably drill both of these before frac jobs. So will take a bit longer. They will frac both with the same crew to save money. Takes about five months after first sales to get the division orders out and then first royalties usually show up six months after first sales.
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Thank you! You’re the best
What sections are these new Grady County wells in?
Thank you!
Sections 22 and 27, Township 7 North, range 5 West, grady county, Oklahoma
I see Eckard Energy entered into 3 Oil & Gas Lease’s with the Commissioners of the Land Office of the State of Oklahoma in Section 22-7N-5W. Each lease was for $7,000 per acre bonus with a 3/16th royalty. Less and except the Mississippian and Woodford Formations.
The terms of the state is terrible. An owner can do much better At least 1/4 and some bonus.
$7000 acre and 3/16 sounds pretty good. Is that normal for this county lately? I wouldn’t be too picky with my lease if the bonus were that high per acre. Also curious as to why CLO leases are “terrible”. Can a typical mineral owner get that kind of bonus? Are CLO terms really that terrible? Seems like they would have a lot of leverage with companies since they own so many minerals in the state.
You can find the lease on the www.okcountyrecords.com website. I looked up one of them and the E/2 SE/4 was for $280,000 for 80 gross acres. Not sure what their net is. But at 80 gross, that would be $3500 at 3/16ths. The royalty of 3/16ths is the minimum for a CLO lease. You can read their clauses. (The other were similar $$-different acres) If they had half the gross, then the $/ac could be $7000/ac. Regular mineral owners are unlikely to get those kinds of offers.
For comparison, Continental Resources pooled section 21-7N-5W at $2250 1/8th, $1500 3/16th, $1000 1/5th in late 2025. Case 2025-001789 order 754423. (War Pig 1-21-16XH) Completed June 2025.
Staghorn Petroleum pooled section 14-7N-5W at $1000 1/8th, $750 3/16th, $500 1/5th and $0 1/4th in late 2025. Fewer horizons. Case 2025-002804 order 755136. Pathfinder 07-05-14-11 just completed.
Personally, I would rather have the higher royalty rate…
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On the CLO website it shows $7,000/acre on their tabulation sheet and 1/2 M.R.
I too would rather have a higher royalty rate (25%). Not sure why CLO is not at a 1/4 royalty rate.
That would make sense with the 40 net acres and the $280,000.
You were right, I received a filed case from April 10th from the Continental Resources. thank you for your insights! Seems to be a good thing!
The cases for section 22 & 27 7N 5W were held May 5th, how to see if case was granted? CD2026-001456 thru 61
Use the link above (even though it says ERROR) It will take a few days-weeks for the order to be posted. I just checked and it is not there yet.
I am having trouble with the link looking results from the hearing CD 2026-001456
