I have some minerals in Kingfisher County on section 20-19N-8W., I am wondering what the going rate is since they are drilling.
It has been pooled and they were ordered to offer $550 for an 1/8 or 500 & 3/16 . If you haven't signed a lease and were named in the pooling and made no election under the pooling you get the 550 and 1/8
ok I am really new and I am not understanding what this "pooling" is....I recently found a few more minerals I have not leased out and was offered 450 an acre. I thought they were being leased out at 700 w/ 3/16.
A different location could bring a different price .
Could you possible clarify that because I am in the NE/4.
Are the minerals you found that are not leased also in section 20
yes Ne/4
Ron McKenzie said:
Are the minerals you found that are not leased also in section 20yes
If the minerals were not leased and they were in you name you should have been listed in the pooling. Here is a link to the pooling .