Just wondering is anyone can give and appraisal range for minerals in Twp. 15N- Range 13W (Sections in northeast part of township) ie. possibly 40 acres in Sections 1, 2, 11 and 12 might be worth per acre? They are leased at 3/16 and I think Section 1 has a Watts horizontal well operated by Cimarex. Looks like monthly royalty proceeds for 40 acres are $250 or less. I’m only interested as a gamble that new wells might be drilled in the future. I know that Township 14N-13 W has had some outstanding production and is sought after, where Continental has been especially active presently and the last few years
Only a professional oil and gas appraiser could give that answer. Depends upon the horizons drilled, prices of product the operators and their future plans, what has already been drained and what is left to drain. Section 4/9 has infill wells. Section to the south have infill wells. Drop in gas prices is slowing down gas wells at the present time.
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