You are here:

Oil/Gas/Custer County

Advertisement


Question
My sister and I own @ 65 acres of royalty in Custer County Oklahoma, specifically section 15-13N-20W and section 23-13N-20W.  These sections are currently under a lease which will expire in June of this year.  Anything happening in this area?

Answer
Apache has filed ONE lease so far this year in that section, which indicates they may be renewing leases as they expire, or at least renewing some of them. You might contact Apache or whomever is leasing for them around the time your lease expires and see if they are interested. I didn't see any permits for new wells in either your section or any of the adjacent sections so doesn't look like anything much is happening in your immediate area right now.

I did notice that 5-13N-20W (two miles NW of you) was force-pooled last year, and one of options listed on the pooling was $250/acre and 3/16 royalty; indicating that leases had been bought on those terms in that section prior to the forced-pooling application.

Hope this helps you out.
Frederick M. "Mick" Scott CMM RPL
www.mineralhub.com
The Mineral Hub  

Oil/Gas

All Answers


Answers by Expert:


Ask Experts

Volunteer


Frederick M. Scott

Expertise

Oil and gas leasing, lease negotiations, how to best deal with the oil and gas companies or their representatives, buying/selling mineral rights, forced-pooling, correlative rights, deeds and conveyances, and "post-production" costs. I am most experienced with Oklahoma properties and laws, but am able to answer questions concerning other oil and gas producing states in many cases.

Experience

I am a Certified Professional Mineral Manager (CMM) certified by the National Association of Royalty Owners (NARO) in Tulsa, OK. I am also a Registered Professional Landman (RPL) with the American Association of Professional Landmen (AAPL). I have managed my family's oil and gas properties in Oklahoma for over 10 years and have dealt with many landmen, title analysts, attorneys and other oil and gas professionals in the process. I have written several articles which have appeared in various oil and gas industry magazines and newsletters. I have negotiated and drafted leases, prepared deeds, affidavits, and other legal instruments relating to my own minerals, as well as performed title, legal research, and curative work for same. I have acquired a good deal of knowledge on the subjects of oil and gas law, mineral appraisal, and landwork over the past ten years, and also worked as a professional landman and lease buyer for a time. I've seen the business from "both sides" and therefore feel confident I can help out most of the folks who ask questions in this forum.

Organizations
National Association of Royalty Owners (NARO); American Association of Professional Landmen (AAPL)

Publications
National Association of Royalty Owners "Action Report" (ROAR); NADOA Magazine, The Mineral Hub, Landman Magazine, and several royalty owner association group's newsletters.

Education/Credentials
Certified Mineral Manager (CMM), Registered Professional Landman (RPL)

©2016 About.com. All rights reserved.