My mother has 80 acres mineral rights in Woodward Co., Okla S20-22N-21W that have not been leased in years. I received an offer today from Mike Tibbets @ Land Services Inc in Blanchard Okla to lease for $100 per acre for 3 years with 3/16 royalties. Is this a reasonable offer for this area?
Karen,
You might want to join the Woodward County Group and submit your question to those Forum members that have minerals in Woodward County.
http://www.mineralrightsforum.com/group/woodward-county-ok-oil-gas
Clint Liles
Thanks for the heads up, Clint. I did get some information doing that,
KB
It is not bad price according to market. But you can also take consult with mineral industry consultant for this in your area. I think they will give you right suggestion for this. And you can also join some communities for better response like.
1. http://www.city-data.com/forum
2. http://www.containmentsolutions.com
3. http://www.oilandgascommunity.com/forum
4. http://petrowiki.org/PetroWiki
5. http://www.oilandgascommunity.com
I hope they will help you in resolving your oil tank sale issue.
thnaks for the info , Scott
KB