Mineral rights values in cad do county

I have mineral rights in caddo county

35 11n 13w which has a producing well at present time

16 11n 13w which we don’t have a lease on…there is a plugged well on the property…we were offered $1000 per mineral acre to sell about 6 months ago and turned it down. Is there any leasing in that area and if so what are they offering. Is there any interest in that area at all

Section 17 is where we have a producing well. we got 2,500 per acrea to lease SM energy is the company. Hopes this helps

Is this a recent lease or was it several years ago

three years ago. They went deep in the springer. Only gas royalities now.

Have u heard of any leasing recently

No not that I know of.

The interest would most likely be in the Woodford shale in your area. However, it has two things going against it at present. First, It is extremely deep where you are (i.e., expensive) , and second, it is dry gas. Cimarex is doing some drilling a few miles to the north and to the northeast, and they’ve hit some good, deep, dry gas. They may move your direction in future years.

Have lease on 16 11 13 had about 6 mos don’t know if they are leasing now also have lease on 35 11 13 not paying much don’t know what’s going on there