# Grady county sale
**URL:** https://www.mineralrightsforum.com/t/grady-county-sale/38682
**Category:** Grady County, OK
**Created:** [December 19, 2018, 1:23am UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682 "2018-12-19T01:23:26Z")
**Posts on this page:** 17
**Page:** 1
### Author:  [@Phonemanmerle](https://www.mineralrightsforum.com/u/Phonemanmerle)
#### Post date: [December 19, 2018, 1:23am UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/1 "2018-12-19T01:23:26Z")
I have an offer of $17,500 per net acre in Grady County, Oklahoma. Section 24, Township 7 North, Range 5 West. Is this offer in the ballpark? Is something going on in this location? My last offer on this parcel was $2,000. Thanks in advance for any help. Merle.
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### Author:  [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [December 19, 2018, 4:22pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/2 "2018-12-19T16:22:53Z")
Merle: That offer depends on the royalty percentage that the minerals are subject to. Continental drilled the Lillian well that covers Sections 13, 24 & 25. It is a good well. Farwest Development is drilling several shallower wells in the section. I would expect Continental to drill more wells to the same zone as the Lillian, and additional wells for other zones. If the price of oil drops much further, we will probably see a rapid decline in wells being drilled, not only on this section, but everywhere.
Todd M. Baker
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### Author:  [@Phonemanmerle](https://www.mineralrightsforum.com/u/Phonemanmerle)
#### Post date: [December 19, 2018, 5:35pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/3 "2018-12-19T17:35:28Z")
Thank you Todd for your reply, I’ve been contacted by another buyer since I posted on here. Hopefully I can get 2 or 3 offers to establish value that way. I know zero about mineral rights, just trying to make sure I sell for the going price. Thanks again
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### Author:  [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [December 19, 2018, 6:08pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/4 "2018-12-19T18:08:29Z")
Mineral Resources Company, a subsidiary of Continental, will most likely be your best offer. If they haven’t gotten an offer to you, they will. This is a good area.
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### Author:  [@rdub](https://www.mineralrightsforum.com/u/rdub)
#### Post date: [December 19, 2018, 8:34pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/5 "2018-12-19T20:34:04Z")
Howdy Phonemanerle,
I am in Township 7 North, Range 5 West also. Latest offers I have received: $33,000 NMA for 1/4th leases $28,000 NMA for 3/16th leases
Yippee!
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### Author:  [@Phonemanmerle](https://www.mineralrightsforum.com/u/Phonemanmerle)
#### Post date: [December 20, 2018, 2:09am UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/7 "2018-12-20T02:09:27Z")
Rbud sounds a bit better than the offer I have received, can I ask how the offers were from? Thanks for the info. Edythe
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### Author:  [@Phonemanmerle](https://www.mineralrightsforum.com/u/Phonemanmerle)
#### Post date: [December 20, 2018, 2:11am UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/8 "2018-12-20T02:11:13Z")
Thanks Todd, I will check with M R C
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### Author:  [@oilwell13](https://www.mineralrightsforum.com/u/oilwell13)
#### Post date: [December 27, 2018, 5:05pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/9 "2018-12-27T17:05:50Z")
Gulfport drilled horizontal well recently in 22-4N-6W Grady. Serenity horizontal well. It’s paying nicely.
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### Author:  [@Phonemanmerle](https://www.mineralrightsforum.com/u/Phonemanmerle)
#### Post date: [December 28, 2018, 8:35pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/11 "2018-12-28T20:35:34Z")
I haven’t sold yet, with the holidays and what not. The offer I have is good for 30 days it says, but I’m open for any suggestions anybody has. It’s only 1 acre so some have said they are not interested. Thanks in advance for any help.
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### Author:  [@rebecca7](https://www.mineralrightsforum.com/u/rebecca7)
#### Post date: [December 28, 2018, 9:29pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/12 "2018-12-28T21:29:08Z")
Are you currently receiving a royalty check for any production?
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### Author:  [@Phonemanmerle](https://www.mineralrightsforum.com/u/Phonemanmerle)
#### Post date: [December 28, 2018, 10:26pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/13 "2018-12-28T22:26:37Z")
No, I am not, but have in years past.
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### Author:  [@jgrissom](https://www.mineralrightsforum.com/u/jgrissom)
#### Post date: [January 2, 2019, 2:47pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/14 "2019-01-02T14:47:31Z")
May I ask what company was offering you $17,500/acre? Have you received other offers as well?
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### Author:  [@Don\_Bray](https://www.mineralrightsforum.com/u/Don_Bray)
#### Post date: [January 2, 2019, 3:55pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/15 "2019-01-02T15:55:31Z")
The last mineral deed sale I see in 7N-5W was for $1.8 million involving Sections 7, 8, and 18 for just under 65 acres. That is about $28,500 per NMA for what appears to be minerals subject to a 3/16 royalty interest. Sale effective 1/1/2019… Buyer = TMRC
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### Author:  [@jgrissom](https://www.mineralrightsforum.com/u/jgrissom)
#### Post date: [January 2, 2019, 4:08pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/16 "2019-01-02T16:08:44Z")
Thank you Don Bray for your response.
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### Author:  [@Phonemanmerle](https://www.mineralrightsforum.com/u/Phonemanmerle)
#### Post date: [January 2, 2019, 8:08pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/19 "2019-01-02T20:08:30Z")
The 17.50 offer was from Antelope Oil & Gas LLC, hope that helps.
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### Author:  [@jgrissom](https://www.mineralrightsforum.com/u/jgrissom)
#### Post date: [January 2, 2019, 10:27pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/20 "2019-01-02T22:27:14Z")
Thank you for the information. I really appreciate it.
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### Author:  [@Kenny\_DuBose](https://www.mineralrightsforum.com/u/Kenny_DuBose)
#### Post date: [February 28, 2019, 8:41pm UTC](https://www.mineralrightsforum.com/t/grady-county-sale/38682/21 "2019-02-28T20:41:02Z")