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Oil & Gas Leases in Central Oklahoma

Discussion in 'General Discussion' started by FakeHuman, Jun 11, 2012.

  1. FakeHuman

    FakeHuman Sharpshooter Member

    Joined:
    Apr 7, 2008
    Messages:
    443
    Location:
    Guthrie
    Just curious if any other landowners up in Logan county have been approached by drilling companies looking to lease your land. I've started to see quite a few gas wells going up in western Logan county and would be curious what kind of yields they are getting from those wells. Is there a source out there somewhere that lists that type of data?
     
  2. WhiteyMacD

    WhiteyMacD Sharpshooter Member

    Joined:
    May 11, 2009
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    8,073
    Location:
    Mustang
    OGS.OU.edu you are going to have to search for it though.

    From 1975 to 2009 Logan county has produced 407263 barrels of oil and 6522196 McFs of CH4.

    Wells in the Northwest of LC (Edmond West Field) arent really big producers of oil (at least I dont think). Production is something around 2/3 Natural Gas.
     
  3. berettaman

    berettaman Sharpshooter Member

    Joined:
    Sep 9, 2005
    Messages:
    4,651
    Location:
    on the outskirts of crazytown
    Not in Logan county but my gas leases in Pittsburg county are'nt paying JackS*** .Gas prices are loooooooow
     
  4. orangeRcode

    orangeRcode Sharpshooter Member

    Joined:
    Nov 27, 2007
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    1,421
    Location:
    Mustang/Yukon
    We have a couple in Hughes County. Mostly gas wells so they haven't paid much in the past several years.
     
  5. DeerAssassin

    DeerAssassin Sharpshooter Member

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    Oct 29, 2010
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    Location:
    SE Oklahoma
    I work for Patterson-UTI drilling and we have been punching holes north of Stillwater. I asked one of the company representatives how our holes were doing last week and he said they were good producers. We're drilling for oil up there, not gas. Shallow wells, around 4000 ft vertical and 4000ft lateral.
     
  6. kd5rjz

    kd5rjz Sharpshooter Member

    Joined:
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    Location:
    Tulsa, OK
    Tons of new wells going in around Coyle over the last couple years. Most of it's 4-5k deep, mostly submersibles that are very undersized to begin with. Schlumberger and a couple ESP companies around OKC have been missing the mark on sizing big time, lots of these wells have produced 2-3x the fluid they planned on. Lots of saltwater to get rid of also... not sure what the cut is.
     
  7. JB Books

    JB Books Shooter Emeritus Moderator Member

    Joined:
    Dec 31, 1969
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    14,066
    Location:
    Hansenland
    Natural gas stocks have taken a hit too and not just CHK.
     
  8. FakeHuman

    FakeHuman Sharpshooter Member

    Joined:
    Apr 7, 2008
    Messages:
    443
    Location:
    Guthrie
    Interesting info, thanks. Looks like I need to do some negotiating on the lease if gas is doing that poorly.
     
  9. Shadowrider

    Shadowrider Sharpshooter Member

    Joined:
    Jan 28, 2008
    Messages:
    13,850
    Location:
    Tornado Alley
    This is true, I've sold off almost all of my energy stuff which was in NG Trusts. Think dividends.

    But I've got to say I'm kicking myself in my own a$$ too. I started to buy back into CHK since they have taken a serious hit of late. 3 weeks ago they were under $14, they closed today at 17.61 and I believe they were just north of $18 on Friday. So I missed 23% in three weeks! Dammit! Dammit! Dammit! :hithead:
     
  10. JB Books

    JB Books Shooter Emeritus Moderator Member

    Joined:
    Dec 31, 1969
    Messages:
    14,066
    Location:
    Hansenland
    I'm buying. I should have sold my oneok when it was in the $70+ range since I bought most in the $25 range
     

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