Rogers Mills County

Oklahoma Mineral Rights Roger Mills County, OK
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I have been offered a lease on my minerals in Rogers Mills County Section 15 11N 24 W. $850 per acre and 1/5th royalty for three years, with a 2yr option to extend. Anyone have thoughts on this?

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That appears to be “in the money” for what I’ve seen in Custer County next door

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As a surface & mineral owner in Roger mills county, I leased for the same amount to Rockies in 2 sections Last July.Im north & east of you .

I suggest the Roger mills county forum . You’ll gain more insight & support from others in similar situations in county . Good luck

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That’s in the ballpark for lease offers and within the range of Forced pooling. Before I knew much about any of this, I received a higher cash bonus but a lower % at 3/16ths. Mine was in Custer County.

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I did the same thing in Custer Co. I would rather have 20%. But, they’re drilling within 1 Section of my section so hopefully before the years out. I’d like to get paid current prices on all I can

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It is best if you post in the state and county where the minerals are located. Moving it there for you. The two year option is not a good idea. The clauses are the most important thing to work on. If you have not leased in a long time, it is wise to invest in a good oil and gas attorney to help negotiate the lease as the draft lease is not in the mineral owner’s favor and needs some significant edits.

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Another company I would contact would be Baseline Minerals in Edmond, OK. Two years back I spoke with a guy there named Sutton Simon who was really nice and communicated well.

I just received a letter from them about buying or leasing any minerals I have in Roger Mills County. I didn’t end up signing with either of the companies I mentioned but it gave me a better understanding of how far leasers and buyers were willing to go. The letter was from Baylor Thomas of Baseline. All nice people, just be wary because just like you’re looking for the best deal so are they. Use it to gain confidence in negotiating, ask as many questions as you want, go for 1/4 royalty and no deductions along with all the other necessary clauses. If you have doubts, ask questions or walk away.

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I have another post waiting for approval mentioning the first company.

In section 26-13n-34w I signed for $1500/nma bonus at 1/4 royalty, 3-year primary no to secondary option, with a Mittelstaedt deductions clause. It’s a good clause look it up, perhaps you can do better.

I don’t see why it isn’t possible to achieve those terms almost anywhere in Roger Mills county right now given the production returns from all the new wells.

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Edit: sec 26-13N-24W

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mittelstaed ? please explain

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Gross Proceeds Clause with a Mittelstaedt Enhancement in Oklahoma

Under Oklahoma’s landmark ruling in Mittelstaedt v. Santa Fe Minerals, Inc., a standard gross proceeds or “at the well” lease generally prevents the operator from deducting post-production costs unless specific criteria are met.

If an enhancement occurs, the operator can still pass a proportionate share of the costs down to the royalty owner only if the operator proves three strict conditions:

  1. The post-production costs enhanced the value of an already marketable product.
  2. The expenses are reasonable.
  3. The actual royalty revenue increased in proportion to the costs assessed against the royalty interest.

This is my understanding of it. I won’t know if there will be deductions until the well is drilled and I see the first checks. Google it for further explanation

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Hi Sparkle. with what company did you sign that lease? thank you. Pat

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Mewbourne, the operator of the projected well in sec 26-13N-24N

From looking at oil and gas lease records on the OKC website you can often tell what companies are leasing in any given area. Depending on of course if people have signed leases yet and the lessees have started reporting them to the clerks offices.

If you have property in Roger Mills, and list your property description; someone on here may be able to help dial in more specifics on what’s happening on or around your property location.

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mittelstaed ? please explain this item

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I did, it’s posted above and replied specifically to you

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16

thanks for the response

this language should provide interesting

appliocation

jpb

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Please be aware that it’s not legal advice, and I don’t know with certainly how effective it is eliminating or reducing deductions.