Payne County, OK - Oil & Gas Discussion archives

Oklahoma Mineral Rights Payne County, OK
2139

Steve, Yes, the US oil companies that are hedged around $80 did. 2015 Low oil prices is part of the plan to aid the US economy and global economies. The world has to be healthy enough to buy US oil and gas exports or it won’t do us any good to produce. Once the developed and emerging countries are showing strength, the price of Brent oil will rise. Brent is the global oil price and WTI is the US oil price. US oil and gas companies need a certain price WTI to keep producing while Brent stays low enough for the world economies to grow. In 2014, WTI averaged about 8 dollars less than Brent, but is expected to average 3 to 4 less in 2015. EIA STEO report for January 2015:

"As noted in this month’s STEO, with WTI crude oil prices projected to start rising in this year’s second half, drilling activity is expected to increase again as companies take advantage of lower costs for both leasing acreage and drilling services, causing production to resume rising at a relatively low WTI crude oil price.

Drilling activity is expected to increase in 2016 and US production should rise to its second highest daily output level since record production was set in 1970, Sieminski noted." http://www.ogj.com/articles/2015/01/eia-continued-global-oil-stock-…

2140

I was sent a notice of hearing for increase of density for my unit. The increase of density is supposed to be that the existing well or wells in the unit will not be able to produce the available recoverable unit reserves. Does that mean that my well, 347 BOPD and 1436 mcfgpd is not doing well???

2141

yes martha it is for the MClain well 31-18N-3E. There is no well name on the document. Cause CD No.2014406829 order no. 633891

2142

Bob, the young lady at the O.C.C. told me that the oil company has 6 months from the oct. 30th completion date to send the first check.

2143

G Win, It looks like your well is doing fine. In order to get all of the oil and gas out of the reservoir underneath your well, more wells are needed in the spacing unit. Only AEP knows for sure, but you may see 4 or more wells drilled in your spacing unit. Hope they all produce as good as the first one!

2144

Martha, I talked to the young lady at the O.C.C. about the signature card of the certified pooling choice letter that i have not received. She checked dates and they should have sent me something as of the January 12th. She then told me to contact AEP and ask about the certified letter. She told me to make sure I have my receipts. This is what the young lady at AEP sent me.

Hi Greg,

I spoke with the Landman and the Hartley 31-1MH well (31-18N-3E) was pooled in 2012. If you could email or fax me a copy of what you received then I can have the Landman look at it. They didn’t send any pooling orders or elections for this well.

Amanda Krewall
Owner Relations Technician

ownerrelations@aep-lp.com

www.americanenergypartners.com

P: (844) 730-9906; F: (844) 791-7135

P.O. Box 18107, Oklahoma City, OK 73154

this is what I am sending for now.

2145

Martha this the MCLAIN WELL well.

permit to drill was 8-29-14.

spud on 9-2-14. API NO. 119-24262-00.

The permit to drill for 1-14-15 is news to me. I just received the notice of application for increased density this last Tuesday. ???

well was completed and first sale was 10-3-14

completion report on 12-3-14.

2146

Bob, I haven’t received any checks first check should be end of April which will be 6 months.

2147

G Win, What is the date and the well name on the pooling order Attorney Charles Helm mailed you? Isn’t it for the MCLAIN well?

http://imaging.occeweb.com/OG/Well%20Records/1DD2A751.pdf

2148

G Win, Amanda stated “Hartley 31-1MH well (31-18N-3E) was pooled in 2012”. I can not find any records whatsoever from OCC or OTC for the Hartley 31-MH in Section 31-18N-03E and Amanda stated that “they did not send any pooling orders or elections for this well.”

Amanda’s statements raised questions in my mind.

Ask Amanda to send you the API # and legal description, surface location and bottom hole location of the Hartley 31-1 MH well.

The MClain Permit to Drill approval date was 1/14/ 2015 http://imaging.occeweb.com/OG/Well%20Records/1DD2BD17.pdf

However, the MClain completion report is dated October 03, 3014

http://imaging.occeweb.com/OG/Well%20Records/1DD2A751.pdf

AEP should have received the permit to drill before they completed the well.

2149

G. Win…I thought it was from spud to checks was 3 months max…6 months is a long time…Good Luck, let us know when you get your first one…Hopefully on this forum, prices go up and they keep fracking…bob…Thanks G. Win…

2150

Yes Martha it is the MCLAIN WELL. CAUSE CD NO. 201406829 ORDER NO. 633891. It was signed by the commission on the 8th of December. Is this what you mean.

2151

G Win, It is extremely important for you and your family to Do Not Sign Leases, Division Orders, Sales Agreements and/or any other documents pertaining to your minerals until you know each exact interest and the Quit Claim Deeds are filed and recorded.

2152

I will do. Thank you BIGGGGGG!!!

2153

Martha what does this mean??? This is the information that AEP just sent me back.

Gregg – you were pooled for curative purposes and we have received updated title in this section. It appears there are some title requirements on the interest you are claiming. Please le t me know if you have further questions, or can provide the documents needed to clear up the title requirement.

Requirement 16****:

34.19575 Acres; Tract 2, 3, 6, 7, 8 and 9; Unleased, Leases 5, 6 and 23; American Energy - Woodford, L.L.C., Devon Energy and Tiptop Energy; Payment:

Please have Katherine Peni Stevens and Gregg Oscar Winchester, Judith E. Winchester, American Energy – Woodford, L.L.C. (as successor to Dannie Winchester) and Connie M. Arnold either execute mineral quitclaim deeds to the Tract 2, 3, 6, 7, 8 and 9 parties listed above, for each tract, as described herein. In the alternative, obtain and submit for examination a stipulation of interest between the six Tract 2, 3, 6, 7, 8 and 9 parties, listed above, and Katherine Peni Stevens and Gregg Oscar Winchester, Judith E. Winchester, to American Energy – Woodford, L.L.C. (as successor to Dannie Winchester) and Connie M. Arnold.

Be advised that Raymond C. Arnold does not need to join in any quitclaim deed and he does not need to join in the execution of any stipulation, as his 215-106 outsale of Tracts 2, 3, 6, 7, 8 and 9 to Marvin L. Davis and Carol Dee Davis did not reserve any interest unto Raymond C. Arnold. It cited the outstanding 3/4 previously reserved, but did not further reserve unto the grantor.

I do recommend that you force pool, for curative purposes, Katherine Peni Stevens and Gregg Oscar Winchester, Judith E. Winchester and Connie M. Arnold.

2154

We inherited when my mother passed away 2 years ago. The attorney filed al the necessary paperwork for the minerals to be divided. The first company’s land man for Calyx checked everything out and said their were no title issues from the will. I will get this going asap. Is the quit deed just between my my sister and I from my mom that passed? Thanks Martha.

2155

Martha,Thanks for the heads up!!! The first well is the MCLAIN 1WH. The new well is the MCLAIN 2WH and is 250ft away.

2156

G Win, Did you and your siblings inherit the minerals? If so, you would each own a evenly divided interest in the mineral interest. However, there may have been a change in mineral ownership before you inherited the minerals or after that did not get deeded correctly. You need to have a landman run the records and determine the exact mineral interest for each party listed. Then, I would have an attorney prepare Quit Claim Deeds for each party listed. Stipulation of interests is a inexact from of agreeing to own whatever interest the division order title opinion attorney thinks each of you own. Since the DO attorney works for AEP, I would hire my own attorney and have the Quit Claim Deeds prepared for everyone to sign and file as a matter of public record. It will cost more to have Quit Claim Deeds prepared, but you have some really good wells, so I do not advise stipulating. I recommend attorney Charles McBride - 301 S Duck St, Stillwater, OK 74074 - (405) 624-9990

2157

G Win, Find everything you have concerning your minerals. Att. Charles McBride can first can get an independent landman to run the records and then he can asses the situation. I do not like using the operating company (like Calyx) landman, because they work for the operator and not for me. Also, I do not trust AEP and Calyx. If for some reason, Mr McBride can not take your case, have him give you the name of a good landman and have the records run, because getting the records and your exact mineral interest is a must!

2158

I just spoke to the landman working AEP leases and he said he had a call day before yesterday that AEP would be doing no more leasing for the time being in Payne county. Not surprised. Sounded like things are pretty rough for folks in Oklahoma now.