Another big $ pooling order in Grady County this week, 34-6N-6W $7000 and 18.75% (3/16) $6900 and 20% $6800 and 22% $0 and 25% (1/4)
Link to order
Section 33-6N-6W pooled for the same amount about 3 months ago.
Another big $ pooling order in Grady County this week, 34-6N-6W $7000 and 18.75% (3/16) $6900 and 20% $6800 and 22% $0 and 25% (1/4)
Link to order
Section 33-6N-6W pooled for the same amount about 3 months ago.
My first thought is that oil companies really do not want anyone to choose 25% (1/4)…
Can you imagine the production numbers to make up that $6,800 per acre bump based on an extra 3% royalty interest?
Hard to imagine… my guess is it would take 4 years with 5 or 6 very good wells to make up the difference.