How do I determine the bonus that I should request when leasing mineral rights in Caddo County? Who can I hire without losing the little that this lease might make?
Kay
Kay, what Section, Township, and Range are your minerals located in?
How about Township 10N Range 10W?
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Richard, I don’t have any numbers for Township 10N, Range 10W, but we are in Township 10N, Range 11W and have been offered $1500 per acre for a 3/16ths royalty and a three-year term.
What Township? Thanks.
From an offer in Canadian County I learned that the depth of the well changes the bonus offer considerably
The depth is tied to the geology and the type of well that will be drilled. The horizontal wells in shale reservoirs are the majority of the wells in OK now.
comps up to ~$2600/acre for 18.75% in mid-2017. The more recent ones in 2018 are a little lower, but higher royalty - $1000/acre for 20%
We recently leased 40 nma in Caddo County 10N/09W Section 27 for $3,215.00 per acre and 1/5 royalty.
We are trying to lease out about the same amount in Caddo County, Section 05-10N/09W. Who did you lease with if you don’t mind me asking?
Would like to know more about the leasing of mineral rights process? What company did you use? We live out of state and have been getting calls with offers to buy, but I would like to learn about other offers and the leasing/royalty first. Thank you.
The lease was with Camino Resources who was represented by Michael Wright 5500 N Western Ave, Ste 215 Oklahoma City, OK 73118 O: (405) 840-4327 | M: (405) 227-7454 Michael.Wright@HaggardLand.com