I have rights for a parcel in Grady Co 01-06N-07W and a lease with Camino that is paying royalties from Roberts Well. I’ve received an offer of $6600 per acre. Is that a good price or does planned activity in that area suggest I respond with a higher rate?
Given that Camino is drilling mutliple infill wells in sections 13/24 just to the south of you, that is why you are getting interest. And multiunit horizontal well cases was just filed for your section a few days ago. 25/36 7n-7W and 1-6N-7W. Looks like several wells are coming. Can’t comment on prices exactly, but I suspect that it is tied to your original royalty and is a starting point to negotiation.
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