# 24-15n-12w

**URL:** https://www.mineralrightsforum.com/t/24-15n-12w/4770
**Category:** Blaine County, OK
**Created:** [July 20, 2016, 8:58pm UTC](https://www.mineralrightsforum.com/t/24-15n-12w/4770 "2016-07-20T20:58:17Z")
**Posts on this page:** 5
**Page:** 1

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### Author: ![Bruce\_Wilkinson](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/b/ecb155/32.png) [@Bruce\_Wilkinson](https://www.mineralrightsforum.com/u/Bruce_Wilkinson)
#### Post date: [July 20, 2016, 8:58pm UTC](https://www.mineralrightsforum.com/t/24-15n-12w/4770/1 "2016-07-20T20:58:17Z")

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I have 10 acres of minerals. I am trying to understand the potential future production in this area. The well was drilled in 2011 and production has dropped off quite a bit over the last 5 years. What is the typical production life of a well in this area?

I have been told that if the mineral deposits will support it, this section can have a maximum of 8 wells. Do I use the production of the current well and multiply that times 8 to get an estimate of max possible?

The highest offer I have received so far is $9500 per mineral acre. What would be a reasonable expectation of a good price for this section?

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### Author: ![M\_Barnes](https://www.mineralrightsforum.com/user_avatar/www.mineralrightsforum.com/m_barnes/32/10942_2.png) [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [July 20, 2016, 10:05pm UTC](https://www.mineralrightsforum.com/t/24-15n-12w/4770/2 "2016-07-20T22:05:34Z")

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I am going to assume that the well is horizontal. There are some predictions that the wells can last 25-30 years although at low rates. The majority of the production is in the first five years.

If you want to friend me (blue icon upper left), I have a spreadsheet that I have designed that will help you with that exercise.

Martha

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### Author: ![J\_Heardt](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/j/e99b99/32.png) [@J\_Heardt](https://www.mineralrightsforum.com/u/J_Heardt)
#### Post date: [July 21, 2016, 2:20am UTC](https://www.mineralrightsforum.com/t/24-15n-12w/4770/3 "2016-07-21T02:20:17Z")

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Was this offer to lease or buy?

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### Author: ![Bruce\_Wilkinson](https://www.mineralrightsforum.com/letter_avatar_proxy/v4/letter/b/ecb155/32.png) [@Bruce\_Wilkinson](https://www.mineralrightsforum.com/u/Bruce_Wilkinson)
#### Post date: [July 21, 2016, 2:23am UTC](https://www.mineralrightsforum.com/t/24-15n-12w/4770/4 "2016-07-21T02:23:07Z")

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A buy

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### Author: ![system](https://www.mineralrightsforum.com/uploads/db5755/original/3X/6/c/6c7c56608c843272ad6e3662ce9562a5956f173e.png) [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 11:08pm UTC](https://www.mineralrightsforum.com/t/24-15n-12w/4770/5 "2018-08-14T23:08:01Z")

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