I've noticed a lot of new permits and stub wells being drilled in 01-9N-6W over the last few weeks. This is more activity than I have seen in 30 years based off of OCCweb documents. Does anyone have any information about all this new activity? Ideas of values for mineral rights? I'm trying to help out my grandfather. Thanks - Roxy in Grady Co
963-Permits.JPG (274 KB)
Roxy, In that general area, drilling is for Woodford and Mississippian reservoirs as you can read on the permits you listed. I would hesitate to give a value for the mineral rights, but they are better than they used to be. The value is based upon so many factors and with oil prices low right now, they are temporarily down, but by the time the wells are drilled, they may be worth quite a bit more.
You will get the most information off of the pending regulatory orders. If you grandfather owns that acreage, make sure his address is correct on the documents. Look up the following on the OCC site.
http://imaging.occeweb.com/AP/Orders/
Friend me if you need help interpreting
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201505742-especially this one. You may have to act very quickly.
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Thank you very much for this information. I am pretty unfamiliar with the OCC site so I hadn't seen any of this. My grandfather moved out of the area several years ago, so I am having him check that his information is correct. I sent him a copy of the 201505742 orders for him to look over. Thank you so much. I'm sure he'll have some questions so I'll be friending you. Thanks again.
http://www.occeweb.com/og/PubAsst/WebRoyaltyOwnersHandbook3-2015.pdf
You might find this booklet useful. It is published by the OCC.
Hi Roxy. My sister, cousin and I own rights in section 1-6N-6W. We have been approached by a couple of different offers with the most recent being $7,850 per net mineral acre. I'm not sure as to what activity is going on, as we are new to this whole thing. We are thinking about selling because we are getting up in years and we could use the money now.
I hope this info is helpful to you and your grandfather. :)
Urrisa,
My section is caddy corner to yours- do you mind telling me who your offer was from for the $7850?