Still making mistakes in the original post below. There was ONE rig on what I think is Section 19 and one on Section 18 2N4W (not 2 rigs on Section 19).
Have now copied, posted and deleted the following post 3 times because of my reporting mistakes. For those of you that read it before I changed it you will notice I changed the location of the 3 rigs just north of Stephens County in Garvin County to the section north of Section 6 in Stephens County (not Section 2). Sorry for any false hope I might have created. I may lose my reporter’s license if I can’t do better than that! Oh Me!!!
Jennifer…is the application you received on Section 19 only supposed to go through 19 and the one on 18 just supposed to go through 18?
Linda, Mark 1H-27X was drilled 742’ in Section 34. Therefore only 13.215% of the costs/revenue will be allocated to Section 34.
Completion reports are often not posted for about four months on the OCC. Sometimes you get lucky and see them earlier. If someone on the forum has a working interest, they might have it earlier. You can sometimes find the info in the OCC ruling for the percentage split.
Ryan… well that’s 42’ further than I thought they went into 34 so guess that’s a plus.
Was thinking that since the Mark well on Section 27 and 34 2N4W has been completed for a few weeks now that maybe they would have a report made with the OCC or wherever they do those things. Can anyone find those out and let us know what they say? Thanks
I have BF easy to work with and timely in checks.
Linda 42’ extra is great! Just sent you a direct message.
Linda- there are 2 new wells in 18 on the application. Jo Ann 2h-18x and 3h-18x. Then there are two applications with the same well names that say they are in both 18 and 19 with an estimated split of 50/50. So I’m a bit confused. Cd#'s- 201700630-t, 201700631-t, 201700628-t, 201700626-t.
Anyone heard of Blackfish Energy? Just got an offer for 1750@ 3/16 1500@ 1/5 or 700@ 1/4 for Sections 18 and 19, Township 2N, Range 5W.
Last lease expired last August with Apache, that was 1650@3/16.
Thomas, no,
I’ve been getting offers to buy my minerals in 5 & 6-2-4 West. Is $2500 per net mineral acre good?
Anyone use an oil attorney to vet your lease?
I have not found leases to be “standard.” There are some strong similarities in many leases. There are also many marked with form numbers making them appear to be standard. The same with clauses. A word or two could make a tremendous difference in the way(s) they could be applied to your interest.
When in doubt, consult with an attorney with experience in oil and gas leases as they apply in the state in which your minerals reside. A mistake here could impact the income for the properties for generations.
Thomas that is very low
Are any mouthpieces? Seriously they were not bad.
I will keep that in mind. Thanks gentlemen. Better safe than sorry.
Bryce, you certainly can have an attorney look at your lease form, but these days most leases are standard. There are several people on the forum that can guide you in the right direction. There are certainly some clauses you want to have added.