# Had an offer for my mineral rights in Grady Count OK Sec 3 T7N,R5W
**URL:** https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096
**Category:** Grady County, OK
**Created:** [October 26, 2016, 3:56pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096 "2016-10-26T15:56:22Z")
**Posts on this page:** 14
**Page:** 1
### Author:  [@wd1](https://www.mineralrightsforum.com/u/wd1)
#### Post date: [October 26, 2016, 3:56pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/1 "2016-10-26T15:56:22Z")
I have some mineral rights in this location. There are several wells on this property but the production is fairly low. I recently had a company contact me and offer $2,000 per acre with no ORRI for a 3-year term assignment. I am trying to figure out if this is a fair price for this area. After some discussion, I learned that they are planning on drilling much deeper than where the existing wells have been drilled. I’m not an O&G person and pretty ignorant when it comes to all of this stuff, so any help I can get is very much appreciated.
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### Author:  [@Cindy\_Kissner1](https://www.mineralrightsforum.com/u/Cindy_Kissner1)
#### Post date: [October 26, 2016, 6:01pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/2 "2016-10-26T18:01:41Z")
Are you an unleased mineral owner in these wells or are you subject to a lease?
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### Author:  [@wd1](https://www.mineralrightsforum.com/u/wd1)
#### Post date: [October 26, 2016, 6:40pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/3 "2016-10-26T18:40:43Z")
I think I am subject to a lease. Exhibit A of the agreement shows the description of the land and following that says Oil & Gas Leases and lists a lessor and a lessee dated in May 1983 and refers to the book and page number of the County record. Like I said I’m very ignorant about how these things work. My assignment is titled Bill of Sale and Conveyance and effective in 1997. I know there are at least 2 other wells on this property for which I have been receiving money. After trying to get myself more educated about all this stuff I talked with someone who thought there may be more wells than I am aware of. So I also need to learn how to research what is actually on this property and what I am entitled to. I am pretty sure there are no other agreements filed with Grady County that affect my conveyance. My mineral rights may have been force pooled but again I have no idea how that works or how to find out if that happened.
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### Author:  [@Don\_Bray](https://www.mineralrightsforum.com/u/Don_Bray)
#### Post date: [October 27, 2016, 1:02pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/4 "2016-10-27T13:02:58Z")
[http://imaging.occeweb.com/imaging/OGWellRecords.aspx](http://imaging.occeweb.com/imaging/OGWellRecords.aspx) Enter 0307N05W in the “Legal Location” block and click “Search”. Will show permits to drill (Form 1000), completion reports (Form 1002A), etc.
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### Author:  [@Don\_Bray](https://www.mineralrightsforum.com/u/Don_Bray)
#### Post date: [October 27, 2016, 1:17pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/5 "2016-10-27T13:17:31Z")
ftp://ftp.occeweb.com/dockets/docket/week.pdf Weekly report of OCC hearings. I run a search (aka Find) for Grady to be able to more quickly look at the related hearings for Grady County.
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### Author:  [@Don\_Bray](https://www.mineralrightsforum.com/u/Don_Bray)
#### Post date: [October 27, 2016, 1:24pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/6 "2016-10-27T13:24:03Z")
[https://www4.oktax.onenet.net/GrossProduction/gp\_PublicSearchPUNbyLegal.php](https://www4.oktax.onenet.net/GrossProduction/gp_PublicSearchPUNbyLegal.php) Oklahoma Tax Commission website that you may find helpful, i.e., production information, etc.
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### Author:  [@wd1](https://www.mineralrightsforum.com/u/wd1)
#### Post date: [October 27, 2016, 8:26pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/7 "2016-10-27T20:26:01Z")
Thanks for the help, much appreciated.
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### Author:  [@Tom\_Ed\_Moore](https://www.mineralrightsforum.com/u/Tom_Ed_Moore)
#### Post date: [October 28, 2016, 12:59am UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/8 "2016-10-28T00:59:03Z")
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### Author:  [@wd1](https://www.mineralrightsforum.com/u/wd1)
#### Post date: [October 28, 2016, 6:29pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/9 "2016-10-28T18:29:14Z")
Thanks for the info very helpful. The only checks I have received are from Ward Petro. Do you hold royalty interests or working interests in these wells? If you have a working interest and were forced pooled, I would be interested in knowing how that has worked out for you or do you think it better to participate in drilling costs.
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [October 28, 2016, 6:54pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/10 "2016-10-28T18:54:12Z")
Working interest is participating in the drilling costs and operating costs for many many years. Not for a newbie. If you need more info about the pros and cons, friend me.
If you are already held by a lease which has current production, then you will probably not be force pooled because any new wells have to abide by the old lease. Unless that lease had a depth clause, then you might be. Are you sure they want an assignment or are they trying to buy your mineral rights? That might not be so good for you.
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### Author:  [@wd1](https://www.mineralrightsforum.com/u/wd1)
#### Post date: [October 29, 2016, 2:08pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/11 "2016-10-29T14:08:13Z")
Thanks for your help. They want a 3 year term lease.
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### Author:  [@wd1](https://www.mineralrightsforum.com/u/wd1)
#### Post date: [October 29, 2016, 2:55pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/12 "2016-10-29T14:55:30Z")
When I do a well search for this location, The Hill 4-3, Minnie1, Davis 1-3, Davis 2-3, Davis 3-3, and the Ludlow1 are showing. Operators coming up in the search are Ward Petro, Cemoil Inc., and Ramsey Engineering, Inc. I assume the Ludlow is plugged. Does the Hill 4-3 not belong in this group for some reason? When I do a production search on the Hill, it shows gas production for 2016 (14,845 MCF).
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### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [October 30, 2016, 1:22pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/13 "2016-10-30T13:22:23Z")
If your acreage is in a different spacing unit from those wells or you have an old depth clause, then that is why they want to lease. As Tom said, you can go for a higher royalty of 1/5th or 1/4. The terms of the lease are the most important. No post production costs whatsoever. Or you can wait for pooling. No guarantee on 1/4th unless that is common for the area.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:57pm UTC](https://www.mineralrightsforum.com/t/had-an-offer-for-my-mineral-rights-in-grady-count-ok-sec-3-t7n-r5w/4096/14 "2018-08-14T22:57:54Z")