Royalty Leasing in Payne County

Oklahoma Mineral Rights Payne County, OK
1

"I am wondering if $350 an acre with 3/16 royalty is a good offer for a lease in Payne county Section 21 T18N R1W?" Does any one have any idea?

2

I've been offered (probably no choice due to pooling) $200/Acre with 3/16 in 19N 3E for 3 year term; yours seems better than mine!

3

Thanks for the info Randy. That doesn't seem right that you don't have a choice because of pooling - I don't understand the whole pooling thing. They are calling like crazy so I know they want it pretty bad. I think I will still push them for more money.

Randy M. Wilson said:

I've been offered (probably no choice due to pooling) $200/Acre with 3/16 in 19N 3E for 3 year term; yours seems better than mine!

4

You could get less cash and a 1/5 th royalty if you wanted. Also Devon is getting active in 18n-1w so that might drive up leases if you have the nerve to wait and see.

5

Thanks for the info Ron!



Ron McKenzie said:

You could get less cash and a 1/5 th royalty if you wanted. Also Devon is getting active in 18n-1w so that might drive up leases if you have the nerve to wait and see.