Hello All.
As I posted back in November (“I have recently inherited 12.7 net mineral acres (NMA) located in Section 23-4N-16E, Pittsburg County. It is currently not producing.”), I am now wondering what happens when, apparently, non-producing acreage is declared “worthless”? Is there basically a zero chance this acreage will ever be worth anything again? Should I just donate this to a local church out there or just forget about it?
Absolutely keep it !!! Let it possibly benefit your heirs one day. I’m living proof of JUST THAT !!
It’s a future investment for your family.
I would also say keep it. My brother and I are now receiving royalties from Coal County land originally purchased by our great-grandparents when coal was no longer being mined there. It wasn’t until our generation that technology developed to get out natural gas economically. Until about 20 years ago it was ”worthless”. You never know what may be found or retrievable in the future.
keep it. I started getting royalties from land my great grandfather had in Wv that got passed down to me.
It doesn’t cost you anything to keep it!
One can’t say whether there will be drilling in the future. But, in Oklahoma, an owner doesn’t pay ad valorem or property tax on nonproducing minerals. so, no cost. The only potential cost is in the future if an owner doesn’t take some effort to avoid a probate.
There is a new horizontal play developing in parts of Pittsburg county, so hanging on for a while may be beneficial.
Where in Pittsburg County? Any noteworthy wells to keep an eye on?
I have properties in:
15-5N-12E
22-5N-12E
17-7N-15E
Absolutely would love to know this as well. Glad to hear there is some sort of activity in the area tho.
All my properties are HBD, but always curious to see new things happening in areas nearby and at new depths
New horizontal permits are in:
4N-12E, sections 5&8 (2 wells)
3N-14E sections 4&9
7N-13E sections 6&7, 8&5 (4 wells), 16&9&S2 of 4 (multiple)
7N-14E sections 19&18&7or 8 (3 wells), sections 19 & 30 & 31 (2 wells), sections 29&32 and 28 & 33.
These may change, but interesting! Calyx, Sanguine, Santa Fe. Looks like about 18-20 right now.
These have been producing for the past two+ decades in Pittsburgh County.
Section 3, Township 3 North, Range 12 East Section 6, Township 4 North, Range 12 East Section 7, Township 4 North, Range 12 East Section 11, Township 4 North, Range 12 East Section 14, Township 4 North, Range 12 East Section 15, Township 4 North, Range 12 East Section 17, Township 5 North, Range 12 East Section 20, Township 5 North, Range 12 East Section 21, Township 5 North, Range 12 East Section 22, Township 4 North, Range 12 East Section 23, Township 4 North, Range 12 East Section 37, Township 4 North, Range 12 East