# Grady Co. values
**URL:** https://www.mineralrightsforum.com/t/grady-co-values/2264
**Category:** Grady County, OK
**Created:** [August 10, 2017, 5:16am UTC](https://www.mineralrightsforum.com/t/grady-co-values/2264 "2017-08-10T05:16:54Z")
**Posts on this page:** 10
**Page:** 1
### Author:  [@Samoline\_Goldsmith](https://www.mineralrightsforum.com/u/Samoline_Goldsmith)
#### Post date: [August 10, 2017, 5:16am UTC](https://www.mineralrightsforum.com/t/grady-co-values/2264/1 "2017-08-10T05:16:54Z")
Hi, I also am new to all this. I own mineral rights in Section 6, Township 9 North, Range 5 West. We have had an offer of $11,750 per mineral acre. From what I’m reading this might be a little low. Does anyone have any information? Thanks, Ammie.
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### Author:  [@Jonathan\_Ringler](https://www.mineralrightsforum.com/u/Jonathan_Ringler)
#### Post date: [August 10, 2017, 1:55pm UTC](https://www.mineralrightsforum.com/t/grady-co-values/2264/2 "2017-08-10T13:55:58Z")
It depends, what is your royalty interest? 1/8th, 3/16th, 1/5th?
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### Author:  [@Samoline\_Goldsmith](https://www.mineralrightsforum.com/u/Samoline_Goldsmith)
#### Post date: [August 10, 2017, 2:27pm UTC](https://www.mineralrightsforum.com/t/grady-co-values/2264/3 "2017-08-10T14:27:57Z")
I believe they told my cousin 7/16. Is there a way that I can figure that?
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### Author:  [@Jonathan\_Ringler](https://www.mineralrightsforum.com/u/Jonathan_Ringler)
#### Post date: [August 10, 2017, 2:52pm UTC](https://www.mineralrightsforum.com/t/grady-co-values/2264/4 "2017-08-10T14:52:44Z")
I’ve never heard of a royalty interest that high. I’m almost positive there was some miscommunication. That being said, for some odd reason if that is correct, then that $11,750 is very low.
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### Author:  [@Samoline\_Goldsmith](https://www.mineralrightsforum.com/u/Samoline_Goldsmith)
#### Post date: [August 10, 2017, 3:03pm UTC](https://www.mineralrightsforum.com/t/grady-co-values/2264/5 "2017-08-10T15:03:18Z")
That is what she told me, but third party repeat is often wrong. I really appreciate your time. Can you tell me if there is a place on the portion of payment slip that would show this? Thanks again
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### Author:  [@R\_Story](https://www.mineralrightsforum.com/u/R_Story)
#### Post date: [August 10, 2017, 3:29pm UTC](https://www.mineralrightsforum.com/t/grady-co-values/2264/6 "2017-08-10T15:29:46Z")
Sounds like a miscommunication. 7/16th is more likely the fractional ownership in the mineral rights on the tract of land. By royalty I believe Johnathan was referring to the royalty provided for in the oil and gas lease that was signed by either yourself or your predecessor in title.
You can derive this information from the payment slip if you know your either your lease royalty or your fractional ownership in the unit (your net mineral acres divided by gross acres in the unit). Sometimes you can guess the base lease royalty, as it is generally 1/4th, 1/5th, 3/16th or 1/8th. Simply find the number that fits.
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### Author:  [@Samoline\_Goldsmith](https://www.mineralrightsforum.com/u/Samoline_Goldsmith)
#### Post date: [August 10, 2017, 5:15pm UTC](https://www.mineralrightsforum.com/t/grady-co-values/2264/7 "2017-08-10T17:15:23Z")
Thank you so much, I will try this and see what I come up with. Thanks again.
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### Author:  [@PKD](https://www.mineralrightsforum.com/u/PKD)
#### Post date: [August 15, 2017, 9:00pm UTC](https://www.mineralrightsforum.com/t/grady-co-values/2264/8 "2017-08-15T21:00:37Z")
Just wondering. Was this an offer to lease or to sell?
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### Author:  [@Samoline\_Goldsmith](https://www.mineralrightsforum.com/u/Samoline_Goldsmith)
#### Post date: [August 15, 2017, 11:21pm UTC](https://www.mineralrightsforum.com/t/grady-co-values/2264/9 "2017-08-15T23:21:26Z")
PKD THE OFFER WAS FOR ME TO SELL
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:19pm UTC](https://www.mineralrightsforum.com/t/grady-co-values/2264/10 "2018-08-14T22:19:27Z")