Times have been better, but they have been worse. Oklahoma oil and gas operators are in a pinch. Did Chesapeake experience a dead cat bounce today? Will Linn Energy survive to the winter wheat harvest in Tuttle, Oklahoma? Lease prices are down and the litigating is up. The only thing we know about prices is that no private equity shop or big Wall Street bank will ever hit the nail on the head. They will always be wrong. "This time is different," "macro-price environment," "commodity headwinds," "the land grab is over," "SCOOP STACK MERGE," "NAPE was interesting," "lot of cash sitting on the sidelines," "ENCAP or NGP?" It doesn't even matter. It's all a game. Not "the Greatest Game," but a good one. Pawns hand over their money and take a 2%/20% haircut for the chance to sit at the table. It's a resources play they say, don't even need geologists. A damn shame.
More to follow.
Berlin
Berlin Royalties buys Oklahoma minerals and royalties, and we show you the work behind every offer. Free, no obligation, and if keeping them is the right answer we will tell you that too.
Get a Free Valuation or call or text 918-984-1645In a hurry? Text a photo of a royalty check stub to 918-984-1645 and our preliminary offer puts a written number in front of you within about two business days. It holds for 7 while you decide.
Riviera Resources sells its Arkoma Basin assets for $68 million. Berlin breaks down the production, 37,000 net acres at $189 an acre, and who the buyer may be.
A buyer offered $700,000 for a 1% overriding royalty in a Continental well in Blaine County, Oklahoma. The math on the 27 bcf of gas it takes to pay out.
What a shut-in royalty clause does in an Oklahoma oil and gas lease, why it exists, and a lease provision that limits how long shut-in payments can hold it.
Forced pooling in Oklahoma, explained: how an operator pools a 640 acre unit through the OCC, what the hearing covers, and your 20 day election window.