Oil and Gas Activity in Osage County: A Look At The Past and Future

Correspondence that discusses the quarterly annuity payments for Osage shareholders based on oil production, recent lease sales, and the impact of the energy crisis on tribal income. It also mentions the construction of lakes by the Corps of Engineers and urges shareholders to contact their representatives in Congress. Additionally, it highlights the resurgence of interest in mineral deposits in Osage County, particularly in natural gas wells, due to rising oil and gas prices. Phillips Petroleum Co. is planning to construct gas gathering lines in the area, leading to increased drilling activity by various companies.