Oklahoma Oil and Gas Mineral Owners,
The Western Anadarko Basin has been playing second fiddle to the SCOOP and STACK for some time now, but the sleeping gas giant appears to be rubbing the sleep from its eyes. Leasing and transaction activity is accelerating in Roger Mills County, Oklahoma. In the last twelve months, there have been 5,516 oil and gas leases filed of record in Cheynne by numerous operators and lease brokers.
There have been five companies in the past year who have been granted Pooling Orders in Roger Mills County by the Oklahoma Corporation Commission. For this discussion, Pooling Orders will be our metric to measure presence and activity level in Roger Mills County. The companies and the number of Pooling Orders issued are detailed on the list below:
Company / Number of Pooling Orders
Mewbourne Oil Co. / 55
Crawley Petroleum Corp. / 22
Upland Operating LLC / 8
Douglas Fairbanks Holdings, LLC / 6
R. Michael Lortz / 2
The chart deserves a bit more analysis. All five entities are privately held which is not surprising given public E&P’s exit from the Anadarko over the past 10 years. Mewbourne, Crawley and Upland are all targeting the Cherokee Shale which is the formation de jure. Mewbourne has the most acreage and the largest balance sheet and it is rumored they are moving some rigs in from the Delaware to HBP some of their Roger Mills leases.
Initial results of Cherokee Shale results are positive with initial rates that exceed 1000 barrels / day.
Title is just nasty in Oklahoma and Roger Mills County is no exception. Minerals tracts can be cut 100 ways due to decades of development. The only consolation is that most of the historical production has been spaced on 640 acres which does make the held-by-production title work a bit easier in contrast to the Golden Trend or the Sho-Vel-Tum fields. Remember to contact Berlin, if you are wanting to buy mineral rights or sell mineral rights and royalties in Oklahoma, specifically Roger Mills County. Standby for further reporting on developments in the Western Anadarko Basin.
More to follow,
Berlin
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