Help please! regarding companies trying to purchase my in-laws mineral rights

General Mineral Rights Discussion
1

My in-laws own mineral rights on Section 25-8N-7W in Grady County and Section 30-8N-6W. Their are companies offering from $1,000 per acre to $4,500 per acre to purchase the mineral rights. Is Continental Resources drilling in this section? Have any wells near this section been drilled and producing? Any help will be great!

thks

Gary

2

Oklahoma?

3

Hello Gary,

I would suggest you join the Grady County Forum Group and I’m sure some of the members will answer your question. Good luck. Here is a link to the Grady County Group:

http://www.mineralrightsforum.com/group/grady-county-ok-oil-gas

Clint Liles

4

I did join. Just trying to figure out how to get on open discussion boards?

Thanks.

5

Gary, I would be asking my in-laws if they need the money bad enough right now that they would sell for 2 to 5 years royalty and let someone else collect the ten years royalty after that plus ALL of the royalty from any additional wells, forever. You really need information on any offset wells production. If you are getting offers of $4,500 to $6,000, I would suspect that the potential buyer has that information and he thinks it’s very favorable, valuable.

I think the best professional advice you can take is from the people wanting to buy from you; they think it’s worth a lot more than $6,000. What you do with their advice is up to you.

6

Sage advice, and I agree. Does anyone know if a company is drilling on this Section now? thks Gary

r w kennedy said: Gary, I would be asking my in-laws if they need the money bad enough right now that they would sell for 2 to 5 years royalty and let someone else collect the ten years royalty after that plus ALL of the royalty from any additional wells, forever. You really need information on any offset wells production. If you are getting offers of $4,500 to $6,000, I would suspect that the potential buyer has that information and he thinks it’s very favorable, valuable. I think the best professional advice you can take is from the people wanting to buy from you, they think it’s worth a lot more than $6,000. What you do with their advice is up to you.

7

I agree, thanks for the advice. Do you know if anyone is currently drilling in this area?

Thanks

Gary

Reagan “R.T.” Dukes said:

Oklahoma?