My mom has an offer from Ferrell for Section 6.
Does anybody know about this section in Stephens County?
My mom has an offer from Ferrell for Section 6.
Does anybody know about this section in Stephens County?
terry we need a Township and Range also like 6-? N-? W
Hello Ron
Thanks for your response.
The loc is Sec 6, Township 2 N, Range 4 W.
Any help would be appreciated. Me and my mom
are not well versed with this stuff.
terry sr
Hello Ron
Thanks for your response.
The loc is Sec 6, Township 2 N, Range 4 W.
Any help would be appreciated. Me and my mom
are not well versed with this stuff.
terry sr
Terry, I guess you are leased and Ferrell is wanting to buy. The closest well I could find with any long-term production numbers was in 17-2-4 and for the ten months from 2/12 to 11/12 it would have paid a 3/16th royalty interest about $2,500 an acre a year before any deductions. 17 is about a mile southeast of you. There are many very good wells in 2-4, some sections already more than one well which should be the case for most sections in 2-4 in time, that $2,500 above is for one well. That is why Ferrell wants to buy.
http://juanvelascoblog.com/2013/02/20/america-strikes-oil/
Click on the map and it will get bigger. This is what it could look like.