Can somebody tell me what the bonus rates are going for in McClain County, OK for 1/8th royalty, 3/16th royalty and 1/6 royalty. All are for a 3 year term with a 2 year option to extend.
What section township and range?
Sections 14 and 23 07N-02W
I have interests in very good wells in T8N, R4W. Further, west has better results to date.
Also, all of my wells are Woodford/Mississippian producing formations. FYI, This year Validius Midcon are trying to get permits to drill various horizontal wells in the Deese formation near my wells.