Section 16, T11N, R8W

Oklahoma Mineral Rights Canadian County, OK
1

My siblings and I have about 10 acres in Section 16, T11N, R8W, and Stable Energy has made us an offer of $1,000 an acre with 3/16 royalty.

Is anyone else getting any offers? Is this a good offer?

2

Here is what they were ordered to offer in the pooling close to you.

http://imaging.occeweb.com/AP/Orders/occ5113362.pdf

The terms of you lease are very inportant. You may need to add some things and take some out.

3

Thanks Ron! Now this order does NOT apply to us? Right. But gives us some idea what's going on nearby?


Ron McKenzie said:

Here is what they were ordered to offer in the pooling close to you.

http://imaging.occeweb.com/AP/Orders/occ5113362.pdf

The terms of you lease are very inportant. You may need to add some things and take some out.

4

James, There are a couple of other sections with pending pooling orders. Yours is not on the list yet. So far, the range over the last two years has been $1000-1500, so yours is a bit low at this point, but in the general range. No leases are posted on that section in a while. Generally, you don't want to be the early ones to lease because you get the lower offers.

5

Thank you. They offered us $1,500 at 3/16 royalty or $1,400 at 1/5 royalty and I accepted the latter.

James Smith

M Barnes said:

James, There are a couple of other sections with pending pooling orders. Yours is not on the list yet. So far, the range over the last two years has been $1000-1500, so yours is a bit low at this point, but in the general range. No leases are posted on that section in a while. Generally, you don't want to be the early ones to lease because you get the lower offers.