WLW Oil & Gas
Welcomes You
WORKING WITH YOU
From making strategic decisions that impact all capabilities of producing wells. Using our expertise and deep understanding of the industry, we show real solutions and experience true results.
UNDERSTANDING MINERALS
KNOWLEDGE INTO WHAT YOU MAY NOT KNOW.
Below are tips that may benefit you in future lease discussions
UNDERSTAND YOUR OWNERSHIP
Check your mineral deed to fully understand what belongs to you. Read, re-read and seek out clarification if needed. If you lease your minerals, know the terms of the agreement so you understand what you will earn and what you are giving up. .
PAST REVENUES DO NOT REFLECT FUTURE VALUE
Previous royalty checks are not a measure of how much your minerals are worth in the future.
Calculations of royalty payments are based off of your interest in the revenues from producing wells. Calculations of payments are from historic production however, future value can radically change with commodity prices and drilling activity which depends on the Organization of the Petroleum Exporting Countries, and worldwide economics.
MEASURING MINERAL VALUE
A nearby sales or lease price is not a measure of what your minerals are worth.Rather, geology is a key driver in mineral value. Geology can change drastically within a short distance, which means different mineral value. Although many lease offers are based on royalty checks, know that this is not an accurate way to value mineral acreage. Do not allow a neighboring sales price to impact your negotiations. If you see drilling rigs popping up around your acreage, know that this increased activity may impact the value of your minerals. When drilled wells are highly productive, your mineral value will most likely increase. If a new well performs poorly or is non-productive, your mineral value may decrease.
Contact
Have a particular challenge you’re trying to deal with? Contact us today and see what I can do for you.
PO Box 1102, KINGFISHER, OK 73750
wlwoil.office@gmail.com - Public Relations Supervisor
wlw.bbain@gmail.com - Financial Supervisor
405-375-6194
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