# Grady County Offer to Buy
**URL:** https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404
**Category:** Grady County, OK
**Created:** [January 4, 2022, 8:25pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404 "2022-01-04T20:25:29Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@kakins](https://www.mineralrightsforum.com/u/kakins)
#### Post date: [January 4, 2022, 8:25pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/1 "2022-01-04T20:25:29Z")
Does anyone have any information regarding Grady County 76N 7W? Has anyone else received offers to buy?
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [January 4, 2022, 9:06pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/2 "2022-01-04T21:06:49Z")
Do you mean 7-6N-7W?
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### Author:  [@Bud](https://www.mineralrightsforum.com/u/Bud)
#### Post date: [January 4, 2022, 11:14pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/3 "2022-01-04T23:14:50Z")
Have received about a dozen over the past six to twelve months. High is only 8K/acre - not enough.
If I get an 18K offer I may think about it…
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### Author:  [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [January 5, 2022, 12:12am UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/4 "2022-01-05T00:12:47Z")
Bud - Important for you to say not enough for you. Others don’t walk in your shoes and may have needs you don’t have.
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### Author:  [@kakins](https://www.mineralrightsforum.com/u/kakins)
#### Post date: [January 5, 2022, 2:11pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/5 "2022-01-05T14:11:16Z")
What about offers to lease? What would be a reasonable offer?
Thank you!!
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [January 5, 2022, 4:56pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/6 "2022-01-05T16:56:57Z")
Can you clarify the section please. I can look up if there are any recent leases.
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### Author:  [@ErnstStavro](https://www.mineralrightsforum.com/u/ErnstStavro)
#### Post date: [January 5, 2022, 9:29pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/7 "2022-01-05T21:29:53Z")
Assuming you meant 07-06N-07W of Grady County, there has not been a lease filed since 2018 that I have been able to locate. So it would be hard to justify what one person has deemed a reasonable offer. The oil and gas industry has changed significantly in Oklahoma over the last 5 years. The lease bonuses we saw in Oklahoma in the 2012-2018 time frame are long gone. Your Township is primarily dominated by gas production; I would focus on getting a higher royalty, as the lease bonus probably will not exceed the $500-$1000 range. If you were to consider selling your minerals, in my opinion anything over $10,000/acre would be an absolute steal as the production is not there to justify spending that.
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### Author:  [@Chris12](https://www.mineralrightsforum.com/u/Chris12)
#### Post date: [January 5, 2022, 10:37pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/8 "2022-01-05T22:37:18Z")
@M_Barnes. What about an offer for $10,000/acre in 13-6N-7W? There is a large volume producing well and we receive royalties of $1000-$2000/month. We receive offers regularly, just not sure what is a good offer with this situation.
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### Author:  [@ErnstStavro](https://www.mineralrightsforum.com/u/ErnstStavro)
#### Post date: [January 6, 2022, 3:29pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/9 "2022-01-06T15:29:59Z")
Chris, first I would say everyone’s financial situation is different; we all have different wants and needs. Secondly, on your production that you are receiving $1000-$2000/month on, how many acres is that covering? Is that monthly check a combination of all your properties, or just the property in 13-6N-7W? If you’re making $1,000-$2,000/month, then you’re making $12,000-$24,000/year. I would multiply the $10,000/acre toward how many acres are in that property, and compare that total payout to what you are making yearly off the property. Then take into consideration how many years of production it would take to reach that number, etc.
However, your acreage in 13 may be worth holding onto unless you need the cash now. Camino has a DUC just one Section to your west that was spud 10/21/2021 and Continental has several permits filed just 2-3 miles to the east of you. This does not mean that your Section will be next, but it does show that there is positive speculation about production in your area. At the end of the day it’s a risk-reward game; Camino has your Section held by production as long as Tyler 13-24 is economically profitable so they do not legally have to do any infield drilling.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [January 6, 2022, 4:14pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/10 "2022-01-06T16:14:20Z")
Some offers are based upon the production from only the first well with a discount factor for the time value of money for the life of that well and a profit built in for the buyer. Some others are based upon the first well and the potential for other wells in the future.
Horizontal wells production is highest in the first two years of the well and then drops off quite quickly, but then flattens out for many decades. Picture a hockey stick. The blade is the first few years and the handle is the long life. Your revenue is likely to continue for a while. And there may be more wells if they are economically viable for the operator.
You can have your well evaluated by a petroleum engineer and they can give you an estimated value for the life of the well based upon a certain price scenario. Then you will have a feel for a base level. You have several options-ask for more, don’t sell, sell part, sell all. Speak with your accountant as sales are sometimes accompanied by a capital gains hit (which the buyers never seem to mention). Your royalties are also taxed, so that is a factor that you are already seeing.
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### Author:  [@kakins](https://www.mineralrightsforum.com/u/kakins)
#### Post date: [January 7, 2022, 4:20pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/11 "2022-01-07T16:20:25Z")
Yes, thank you for clarifying. I did receive a lease for $850 an acre for a 3-year lease with a 3/16th royalty.
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### Author:  [@kakins](https://www.mineralrightsforum.com/u/kakins)
#### Post date: [January 7, 2022, 4:21pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/12 "2022-01-07T16:21:43Z")
No, not a car! $850 an acre for a 3-year lease with a 3/16th royalty. Auto correct!
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### Author:  [@Bud](https://www.mineralrightsforum.com/u/Bud)
#### Post date: [January 7, 2022, 7:06pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/13 "2022-01-07T19:06:28Z")
Kakins,
Be sure and include your no deduction clause. Don’t forget to ask for more royalty also, no warranty.
Lots of people miss major revenue by not doing that.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [January 7, 2022, 7:17pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/14 "2022-01-07T19:17:07Z")
I always ask for what they are offering for a 1/5th lease. Or I wait for force pooling.
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### Author:  [@kakins](https://www.mineralrightsforum.com/u/kakins)
#### Post date: [January 7, 2022, 9:22pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/15 "2022-01-07T21:22:58Z")
Thank you so much for your advice!
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### Author:  [@Mark\_Hilliard](https://www.mineralrightsforum.com/u/Mark_Hilliard)
#### Post date: [February 10, 2022, 8:13pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/16 "2022-02-10T20:13:48Z")
I have received a lease offer for Grady Section 7, 6N, 7W. Originally the offer was $600/acre with 3/16 royalty. After brief discussion I was offered $750/acre with 1/5 royalty. It has been several years since anyone expressed interest. Curious if there have been other offers out there recently.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [February 12, 2022, 8:56pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/17 "2022-02-12T20:56:41Z")
Personally, I always ask for the 1/4th option as well. Todco was leasing in late 2021 in section 4, Camino in mid 2021 in sections 14 & 23. Marathon in 23, Continental in 26.
Camino drilled the Joyce Keeling 0607 in 23 & 26 and the John Keeling in 23 & 14. Red Wolf had OCC cases in 1 &12 recently. 2 & 11 were pooled at $4250 3/16ths, $4000 1/5th and $0 1/4th back in 2019. Not seeing that high this year.
Suggest that you get legal help on any lease. The draft lease they send you will not be in your favor and will need negotiation.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [February 13, 2022, 12:55am UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/18 "2022-02-13T00:55:06Z")
The Joyce Keeling and John Keeling were both drilled by Camino. They were listed as “active” on the OK Tax site, so are online now. Division Orders will come out in about May with first payments probably in June. They also drilled the Michael 0607 11-2 with a surface location in section 13.
There was a pilot hole drilled by Unit back in 2018. It was called the Dobie 18/7 XL, but they never drilled the horizontal portion. Wonder if someone is coming back in to complete that one??
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### Author:  [@Mark\_Hilliard](https://www.mineralrightsforum.com/u/Mark_Hilliard)
#### Post date: [February 13, 2022, 3:17am UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/19 "2022-02-13T03:17:21Z")
[Mark\_Hilliard](https://www.mineralrightsforum.com/u/mark_hilliard)
Thank you. From reading many posts (a lot of your input, thanks for that) I know about a no deduction clause and a limited shut-in clause time period. I will definitely have an attorney take a look. Received the lease today and as you note, it is not particularly favorable.
Another question, I received a final order for the commission Multiunit Horizontal Well for my property in Grady County, Section 26, Township 6N, Range 7 West (The Joyce Keeling you mentioned). It reads as it is in favor of Camino. What does this mean?
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [February 13, 2022, 7:49pm UTC](https://www.mineralrightsforum.com/t/grady-county-offer-to-buy/64404/20 "2022-02-13T19:49:52Z")
Camino was granted operatorship and permission to drill both Keeling wells. Congratulations!
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