Hubby was raised really poor! We BOUGHT most of our minerals with the money that he worked for while I stayed home and took care of the kids and housework. Our kids have never had to do without anything they needed and most of the things they wanted. We sent them both through college, paid for braces, ran them up and down the road for them to play football, baseball, basketball and golf, took them to Church and helped them get started in their married lives. They both made great young men! Our kids make more money than we ever thought about making at their age (theyâre in their forties). I donât think anyone loves their kids more than we do but Iâm not sure that handing your kids something they didnât work for helps them in the long run. They would probably appreciate more if they earned it. We are sharing our blessing with them while weâre still alive to watch them enjoy it. Donât get me wrong I donât intend to sell our minerals or the most of them anyway but if we decide we want to sell some or all of them I wonât be feeling guilty for sure.
John and othersâŚif you go to the article link you posted and down to the bottom picture and click the arrow to advance the picture you can get the map they put on the second page even if you canât get the excellent article.
contâŚWhile the area is home to strong oil reserves, not all sections have the same potential, he said. Mikael said some of the best rock is in a narrow band of the SCOOP mostly controlled by CR. Itâs still too early to know, however, how much of the region will be as successful, he said. âI think there are great economics here,â he said. âThis is some of the best rock weâve drilled in the lower 48. You should believe the hype. the only question is how long it will run.â
Where the âŚ's are Iâve left out some names. Iâm sorry for any typos as I didnât have time to proofread. I just couldnât pass up letting you know the ârest of the story.â Goodnight!
Tina, if what Diane says is true of your royalty, that might explain things. If your checks are small enough, they can hold them until they reach a certain amount, I believe, before sending them. I think it might be $100, or it might be just $25. Canât remember, but someone on here knows.
Thatâs good news Linda, thanks. Sure hoping they will be hauling out oil on the rest of them soon.
Marlow is in 2N 7W
Some operators hold royalty until it exceeds $100 and then mail a check. If you sign up for direct deposit, most will pay every month, despite how small the amount.
Thanks for all the info and encouragement. Hope we can hold out but some things will have to wait until the first checkâŚApril to June time frame.
I thought the article was very interesting and positive for those with minerals in these areas!
Hey, Linda. I did read the article in the Oklahoman you mentioned (page 1 of the Business section) and found it very encouraging for us SCOOPers and STACKers! First time I had ever heard the term SOHOT.
You have to have a subscription to read all of article online.
contâŚGood at current pricesâŚâWe think the SCOOP and STACK work at todayâs oil prices,â said Pat McCelvey, Newfieldâs region general manager. âDrilling and completion costs have come down, especially with the willingness of contractors to work with us. Weâre relocating capital we might have spent in other basins into the Anadarko because thatâs where we see the best results.â
Marathon is cutting the number of rigs itâs using in the area, but its regional Vice President said the company still has high hopes for the region. âThe stacked nature of these plays is becoming an incredibly valuable driver for our operational and nonoperational positions,â Hutching said. âWe continue to benefit from broad exposure to attractive SCOOP and STACK plays. I think we will find more and more of the SCOOP and STACK plays that are viable even at current prices as we continue to increase production and lower cost.â THE END
My source for all this is the Oklahoman
Tina, you received DO? Is there a well on it already?
Fracking equipment still on the Jerry well last night.
Fracking equipment still around the two Kelly wells we could see from Highway 76 south of Lindsay. Canât see the others now that the rigs are down.
Thanks, Michael. I was able to read all of it on my smartphone too.
I live in Dallas and really appreciate this forum and have learned a lot. I own minerals in Section 6, Township 1N, Range 6W. Anyone have info in that section?
Well, yes, that was not all of the article and the second page was much longer than the first and had a wonderful map. I believe what they had circled on that page and calling it the SOHOT was probably up in Grady County maybe where the Wilkerson started all that hot stuff up there.