I am looking to sale some mineral rights in OK but am not sure of the current acre price. Can someone please provide current NMA sale pricing in the following area?
53.3 NMA, Sec 24, T12N, R13W
There is not too much activity in that township. Some leasing in 19&30 in the last few months. A very general rule of thumb has been about four years of oil production and seven years of gas production. Both wells in that section have ceased production, so not too exciting. Continental had a horizontal well planned, but it was dismissed in 2020.
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