Oklahoma has a long, rich history of oil and gas exploration. The first commercial paying well, the Nellie Johnstone No. 1, was drilled in 1896 near Bartlesville, Oklahoma. It was completed in 1897 as the discovery well for the giant Bartlesville-Dewey Field, and so began the oil era for Oklahoma Territory, prior to its statehood in 1907.
Oklahoma is known for its large Arkoma and Anadarko Basins in particular, that have held huge amounts of oil and gas. With such plays as the Granite Wash, Cana Woodford, Mississippian, Hunton, Springer, Stack, and Scoop, Oklahoma continues to provide some of the most lucrative exploration opportunities.
However, with all of these areas being developed with expensive horizontal drilling and huge fracks, well economics can become challenging during oil and gas price downturns. Many wells in the past that penetrated oil and gas reserves have been plugged and abandoned because they weren’t economic at low prices. We stand at such a time, when mineral buyers and sellers, and oil and gas operators, don’t have a crystal ball to view the future of our industry. Many of us have lived through long downturns, and have minerals that were worth significant amounts of money for a season, only to see those minerals lose much of their value as the industry cycled down.
As you evaluate your overall financial position as it relates to the question of selling some portion of your minerals, we would welcome the opportunity to work with you. You will receive personal service as we research your mineral values, and promptly inform you of our offer. It all starts with you filling out our assessment form.
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Ric and Rachel, Dimmit County, TX
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