I need to know the value of my mom’s mineral rights and do not know where to look. The information I have is:
Number of acres: 037037 Percent of interest: .00005216 County: Love Survey: SCC 26 & 35 Field TS6 Abstract: R1W
Any help to find the value would be appreciated.
Welcome!
Based on the number of acres (which I’m assuming is 0.37037 net acres) and the interest (which I’m assuming is in the Flanagan well/unit), it looks like this interest probably has a 18.75% royalty associated with it’s lease/pooling. With that, I’d estimate these 0.37037 acres are worth between $1,500 and $3,000 total. And with Oklahoma being how Oklahoma is (a pretty large buyer/seller disconnect…), and with how small this interest is, you’re probably looking at the low end of that range, if that.
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