Grady County OK bonus and royalties question


#1

Hello I’m new to the forum and admittedly not super forum savvy so I have no idea if I have posted in the correct location and I have no idea how to PM someone for that matter. Here is my question.

What is the going rate for bonuses and royalties in Grady County, OK - I own 25% of mineral rights in an 80 acre area - > 01-03N-08W, Grady Co. OK

Any help would be GREATLY appreciated Brooke


#2

Part of 1-3N-8W was pooled in January of 2017. 40 acre spacing was $175 3/16ths. If you just inherited, then you need to make sure if your ancestor already answered the pooling. If you need the case number, it is 201602056


#3

I have just been offered a lease on 7.5 mineral acres in Grady county Section 22, Township 03 North Range 07 West E/2 E/2 W/2 E/2. They are offering $400 per acre bonus (3 year term) and 3/16 royalty. Any advice would be greatly appreciated. Thanks!


#4

Sundown, has already leased from seven (7) other people this year 2019. Go to IDOCMARKET.COM

And take a Basic Free Look. I could not copy over the URL so I had to type it out.


#5

If you know any of those people, contact them to find out What Terms and Conditions they received from Sundown, meaning How Much Bonus and Royalty did they agree too.