Atoka County Oklahoma Mineral Lease or sale information

Will,

To answer your question a little better, if anyone wants to lease your minerals they will come to you. Unless your minerals are in an area where they are leasing and just haven’t gotten to your tract yet then you will probably not find anyone to lease to by beating the bush, it is just a waste of time. With natural gas prices where they are they are just not interested at all like they were when they offered $4400 bonus. They are leasing Western Johnston for the oil window of Woodford but I don’t think it goes even into the Eastern part of Johnston which adjoins Atoka. It might be your best bet if you wait out the nat gas prices, which may be many years before it rises, and leasing activity may come back some day but I doubt you’ll see $4400 per acre lease bonus there again in my lifetime. Just 3 days ago I had been discussing with other partners about that on sale in Eastern Atoka and the price, some did sell for $375 to a buyer but we turned down the $350. Western Atoka is better though. Unless you need the money I’d hold on to them, but it may be many years.