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Oil and Gas Recordings by County

  • 381 Replies
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pyro-1955

Re: Oil and Gas Recordings by County
« Reply #30 on: May 13, 2013, 10:18:47 AM »

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« Last Edit: June 02, 2014, 11:02:40 AM by pyro-1955 »

Re: Oil and Gas Recordings by County
« Reply #31 on: May 30, 2013, 11:14:04 PM »
Mecosta County.   14 landowner leases recorded on 5/30/13. 16N-7W by Western Land Services
                           40 landowner leases assigned to W B Osborn from Western Land Services
                           on 5/21/13.

Newaygo County.   52 landowner leases recorded by Paradise Land Services. 33 in 2013 and
                            19 on 12/31/12.  15N-14W 15N-13W 14N-14W.

Oceana County.   5 landowner leases recorded by Paradise Land Services from 11/16/12 to
                          4/23/13.

Roscommon County.   3 landowner leases recorded 5/21/13 by Sendero Resources.  21N-1W, 
                                21N-2W (all sections)

Huron County.   Total count of all DNR leases not counting 76 pending leases from May 2013
                        auction is 400.

Saginaw, Clinton, Shiawassee, Sanilac.  Counties where Sun Valley Energy active.

Newaygo, Kent, Montcalm, Ionia, Saginaw, Sanilac.  Counties where Peace River Group active.

Terracore LLC has not recorded any landowner leases.
                       

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hobojo

  • 653
Re: Oil and Gas Recordings by County
« Reply #32 on: May 31, 2013, 07:48:14 AM »
Good work Edwards.....Last week I found a pile of State of Mich Leases that have been released as in (relinquished) by O.I.L. and Meridian, in Clare Co. Have you seen any in your travels?

If not , you will. 149,548 acres leased in spring sale of 2008 will expire in August, unless they have been extended by production or by lease terms. But wait there is more. another 223,218 acres leased in the 2008 fall sale will expire in December, unless extended. Just a side note...In Kalkaska co alone EnCana has 17,523 acres set to expire in august and another 38,691 in December, unless hbp or extended by lease terms.
« Last Edit: June 02, 2013, 01:04:18 PM by hobojo »

Re: Oil and Gas Recordings by County
« Reply #33 on: June 03, 2013, 12:44:56 AM »
I doubt that any of the high dollar leases are going to get another round of bonus payments. There are other properties that could be "picked" at much lower rates... Soon we'll know however how badly the gascos want to retain these properties.
On your mark, get set, get set, get set, get set....

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wilsontownship

Re: Oil and Gas Recordings by County
« Reply #34 on: June 03, 2013, 12:50:34 AM »
Good work Edwards.....Last week I found a pile of State of Mich Leases that have been released as in (relinquished) by O.I.L. and Meridian, in Clare Co. Have you seen any in your travels?

If not , you will. 149,548 acres leased in spring sale of 2008 will expire in August, unless they have been extended by production or by lease terms. But wait there is more. another 223,218 acres leased in the 2008 fall sale will expire in December, unless extended. Just a side note...In Kalkaska co alone EnCana has 17,523 acres set to expire in august and another 38,691 in December, unless hbp or extended by lease terms.


The 2008 lease prices (MI auction) were low.  So they will now carefully look over their holdings and select strategic properties.  The MI auction permits two 1 year term extensions; however, I wasn't able to find what the cost do extend was.  Traditionally, it is to repay again the original sign bonuses, but not sure that is what the state requires.

Nonetheless, it is going to be very important for us to watch the lease expirations.  However, I do agree with Ranch that the 2010 leases are not likely to be renewed when they expire in 2015.  However, it is possible for things to change by then reversing my prediction. 

Anyway, what we would want to watch is lease renewals (which will tell us what areas they feel are worth keeping) - I wonder what the easiest way to get this kind of information would be?

wilson
« Last Edit: June 03, 2013, 08:27:36 AM by wilsontownship »

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wilsontownship

Re: Oil and Gas Recordings by County
« Reply #35 on: June 03, 2013, 09:10:02 AM »


MI State Lease Extensions:

Hobojo has pointed me to this single page MI state document defining the extension terms:

http://www.michigan.gov/documents/dnr/IC4224_OG_ExtensionRequirements_198146_7.pdf

excerpt of interest:

5. The subsequent review determines the extension bonus
consideration, which is based upon bonuses paid for private
leases, state, and federal oil and gas lease auction data, known
fields, and production activity within the immediate area of the
request. Extension bonus consideration is a minimum of $12
per acre extended, with no maximum.




So this clause (#5) indicates the "cost for extension" is an "unknown" that is based on market prices in the area to be renewed (extended) at the time of expiration.  This clause is also very important (and new information to me) and indicates that it may not necessary for the lease holders to repeat the large sign bonuses paid in 2010, they will only have to pay the market value at expiration.  Interestingly, the sign bonus (state lease price) is actually less than they were in 2008.  Currently it will be inexpensive for a gasco (namely Encana) to hold leases that are expiring this year. 

Based on hobo's post which states Encana has about 150,000 acres expiring this year - the renewal costs could be $2.5 million (assuming the $12/ac min + $250/lease).  Nonetheless, this is very low cost relatively speaking and especially for a company the size of Encana.  However the issue might not be the price to extend but the length of the extension (they would have the burden of drilling in the next 12 months).  Or they could plan on having 24 months left at a cost of perhaps $5 million (2 extensions).   hmmmm...


interesting stuff to watch.

wilson


Re: Oil and Gas Recordings by County
« Reply #36 on: June 11, 2013, 10:49:23 PM »
Montcalm County. 167 landowner leases to Western Land Services in 2013. Last recorded on 5/3/2013.

Mecosta County.  14 previously recorded Western Land Services leases assigned to W B Osborn,
5/30/2013.

Re: Oil and Gas Recordings by County
« Reply #37 on: June 20, 2013, 09:53:28 PM »
Roscommon County.   4 leases recorded in June by Sendero Resources. 2 on 6/7, signed on
                                 8/6/2012 (21N-2W 14 sections) and 11/8/2012 (21N-1W 2 sections
                                 and 21N-2W  5 sections)

                                2 leases recorded on 6/14. One signed 8/6/2012 (21N-2W 14 sections)
                                One signed on 4/29/2013 (21N-2W 6 sections) This lease is interesting
                                because of signing date. Sendero sent out Withdrawal of Oil and Gas
                                Lease Offer letters dated December 31, 2012. Understood they left area
                                and that Meridian Energy had taken over for them.

                                Sendero Resources now has recorded 22 leases and 1 amendment to one
                                of those leases in 2013. Majority in 21N-2W, some in 21N-1W and one in
                                23N-2W. Devon State Richfield well in 22N-1W.
                                 
                                 
                                 
                           

Re: Oil and Gas Recordings by County
« Reply #38 on: June 21, 2013, 04:45:01 PM »
Sanilac County.    Recorded 6/10/2013, signed 5/16/2013. Assignment of oil and gas leases
                          from Beacon E & P Company LLC to Whiting Oil & Gas Company, 1,723 +/-
                          leases from: 2012-1,005 leases, 2011-557 leases, 2009- 21 leases,
                          2008- 140 leases.  Over $5,000.00 in recording fees.

                          Assignment history.
                          Western Land Service - Beacon E & P - Peace River(ORRI) - Whiting Oil/Gas.

                          Sun Valley - 2 new leases recorded on 5/28/2013,  9N-15E  Sec. 27

                          Smetzer Land Service - 4 leases recorded in 2013, 10N-12E and 10N-13E.

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pyro-1955

Re: Oil and Gas Recordings by County
« Reply #39 on: June 21, 2013, 06:30:19 PM »
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« Last Edit: June 02, 2014, 11:02:55 AM by pyro-1955 »

Re: Oil and Gas Recordings by County
« Reply #40 on: July 11, 2013, 11:25:17 PM »
Sanilac County.  7/9/2013  Landowner lease with Western Land Services, 13N-15E
                         Sec. 26

                     
Antrim County.   6/28/2013  Jordan Development assigns to Northern Michigan
                         Exploration  one of 250 leases from 2005-2006.

Mecosta County.  7/8/2013  Landowner lease to W B Osborn  16N-7W Sec.2

                          6/25/2013 Agreement between Devon and Tiptop. 2 leases (mineral
                          owners of Devon Wynalda well, 13N-8W Sec. 20)   

Saginaw County.  151 landowner leases with Halcyon Resources 2011-2012.         

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realman

  • 1671
Re: Oil and Gas Recordings by County
« Reply #41 on: July 12, 2013, 08:46:21 AM »
 Western land services is usually a ghost leaser,I wonder who there leasing for?

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KAVE

Re: Oil and Gas Recordings by County
« Reply #42 on: July 13, 2013, 12:43:01 PM »
Sanilac County.  7/9/2013  Landowner lease with Western Land Services, 13N-15E
                         Sec. 26

                     
Antrim County.   6/28/2013  Jordan Development assigns to Northern Michigan
                         Exploration  one of 250 leases from 2005-2006.

Mecosta County.  7/8/2013  Landowner lease to W B Osborn  16N-7W Sec.2

                          6/25/2013 Agreement between Devon and Tiptop. 2 leases (mineral
                          owners of Devon Wynalda well, 13N-8W Sec. 20)   

Saginaw County.  151 landowner leases with Halcyon Resources 2011-2012.         

Sorry this reply was meant for realman,

Whiting

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pyro-1955

Re: Oil and Gas Recordings by County
« Reply #43 on: July 16, 2013, 02:16:13 PM »
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« Last Edit: June 02, 2014, 11:03:05 AM by pyro-1955 »

Re: Oil and Gas Recordings by County
« Reply #44 on: July 17, 2013, 04:17:38 PM »
Oceana Co.  2 more leases for Paradise Land Services, 6/13.

Newaygo Co.  5 more leases for Paradise Land Services, 7/10, 6/13, 6/10.

Lapeer Co.   12 leases in 2013 for GFL, 5/21-7/8.  9N-12E, 10N-12E.

                   6/4/13, Beacon to Whiting 3 leases assigned. 2012 leases.

                   Smetzer Land Services. 94 leases in 2013. 10N-12E, 9N-12E, no assignment yet

Otsego Co.  21 leases in 2013, 30N-1W, 30N-2W.  12 pooling agreements, 3 right of ways,
                  9 o/g assignments to Ward Lake Drilling.

Sanilac Co. Timeline of Whiting Oil and Gas leases.

                  2008-12  Landowner and DNR leases to Western Land Services and Roadrunner.
                  2009  ORRI from Roadrunner to Peace River
                  2012  ASSIGN.  Roadrunner/Bowood to Beacon E & P
                  2012  ORRI from Beacon E & P to Peace River
                  2012  ORRI from Beacon E & P to Beacon Royalty.
                  2012  ASSIGN.  Western Land Services to Beacon E & P
                  2012  ORRI from Beacon E & P to Peace River
                  2012  ORRI from Beacon E & P to Leaseholders
                  2013  ASSIGN.  Beacon E & P to Whiting Oil and Gas.

Beacon E & P started in 2009 in Denver. Three principals. One investment banking guy and two
o/g guys that came from Tom Brown Inc. The CEO, James Lightner, was the Chairman, Chief
Executive Officer, and President until 2004 when EnCana bought Tom Brown Inc. Prior to that
he was V.P. and General Manager of EOG Resources. Tom Brown Inc had some leases in Sanilac that they granted to Cities Services Co. in 1982.

Beacon has had a Completion Manager working on completion technology for two emerging
unconventional oil plays: One in Wyoming Powder River basin/Niobrara and Turner formations.
The other is the overpressured A1 carbonate play in the Michigan basin. He specializes in:
Production Decline Analysis, Production Enhancement, Reservoir Optimization, Project mgmt.,
Fracture stimulation, Carbonate reservoirs, Naturally fractured formations, Coalbed methane,
Shale gas, Unconventional oil, and Multi-stage horizontal completions.

With the recent assignment of their Sanilac leases to Whiting, all they may have left is the ORRI
that was granted to Beacon Royalty back in 2012. This seemed interesting due to the number of
parties with an interest in these leases and the parties themselves.