# Need Appraisal forBlaine County Mineral Interest S35 T17N R10W
**URL:** https://www.mineralrightsforum.com/t/need-appraisal-forblaine-county-mineral-interest-s35-t17n-r10w/3433
**Category:** Blaine County, OK
**Created:** [February 9, 2017, 4:27pm UTC](https://www.mineralrightsforum.com/t/need-appraisal-forblaine-county-mineral-interest-s35-t17n-r10w/3433 "2017-02-09T16:27:01Z")
**Posts on this page:** 10
**Page:** 1
### Author:  [@DOUG\_BOND](https://www.mineralrightsforum.com/u/DOUG_BOND)
#### Post date: [February 9, 2017, 4:27pm UTC](https://www.mineralrightsforum.com/t/need-appraisal-forblaine-county-mineral-interest-s35-t17n-r10w/3433/1 "2017-02-09T16:27:01Z")
My wife was willed 5.33 acres of mineral interest and have been approached by a couple of energy companies looking to purchase her interest. The offers seem to be very low, $1k-$6k per acre. Can someone help guide me to a resource to get a fair value?
Thank you
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### Author:  [@Mineral\_Steve](https://www.mineralrightsforum.com/u/Mineral_Steve)
#### Post date: [February 9, 2017, 9:14pm UTC](https://www.mineralrightsforum.com/t/need-appraisal-forblaine-county-mineral-interest-s35-t17n-r10w/3433/2 "2017-02-09T21:14:32Z")
That’s really low for that area. It should be at least double the high side of your current offer.
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### Author:  [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [February 9, 2017, 11:09pm UTC](https://www.mineralrightsforum.com/t/need-appraisal-forblaine-county-mineral-interest-s35-t17n-r10w/3433/3 "2017-02-09T23:09:00Z")
Hi Doug- Your wife has inherited something good. How good, nobody knows yet but looks promising. Of course the value will depend on the royalty on the old oil and gas lease that these minerals are subject to. If you can give me the party that owned this interest prior to your wife, I will check and see if I can figure out that piece of your puzzle for you.
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### Author:  [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [February 10, 2017, 9:32pm UTC](https://www.mineralrightsforum.com/t/need-appraisal-forblaine-county-mineral-interest-s35-t17n-r10w/3433/4 "2017-02-10T21:32:33Z")
Hi Doug:
Been hearing of $8,000 to $10,000 per acre for 1/8th minerals in that area. Possibly more.
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### Author:  [@Jeffrey\_Beunier](https://www.mineralrightsforum.com/u/Jeffrey_Beunier)
#### Post date: [April 19, 2017, 12:30am UTC](https://www.mineralrightsforum.com/t/need-appraisal-forblaine-county-mineral-interest-s35-t17n-r10w/3433/6 "2017-04-19T00:30:14Z")
Todd,
I just looked over that section, there are some interesting wells surrounding you. Oddly, the operator is looking to drill additional vertical wells instead of horizontals. I’m seeing values in and around $10-11K in that area.
If you would like to chat, please friend me.
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### Author:  [@Ben\_Blake](https://www.mineralrightsforum.com/u/Ben_Blake)
#### Post date: [April 19, 2017, 12:47am UTC](https://www.mineralrightsforum.com/t/need-appraisal-forblaine-county-mineral-interest-s35-t17n-r10w/3433/7 "2017-04-19T00:47:46Z")
In 16N-10W, acreage is going for $20K per acre easy. You are right there in the same area.
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### Author:  [@Jeffrey\_Beunier](https://www.mineralrightsforum.com/u/Jeffrey_Beunier)
#### Post date: [April 19, 2017, 5:39am UTC](https://www.mineralrightsforum.com/t/need-appraisal-forblaine-county-mineral-interest-s35-t17n-r10w/3433/8 "2017-04-19T05:39:13Z")
16N10W is right there by 17N… yep, just south of 18… (joking with you Ben).
However, I think the devil is in the details. If you map the basin out, you will notice that the Meramec thins as you trend north - roughly away from the ‘T’ where Blaine, Caddo, Canadian Counties meet.
There is also a change in the pressure regime as you move to the Northeast and ironically, S35 17N 10W is on the over pressured/normal pressure line of the Meramec.
If you map the Meramec out, its thickness changes rapidly as you traverse 17N. The resulting impact of this pops out if you look at a production bubble map (by formation). You will notice that there are very few Meramec/Mississippian solid wells in northern Blaine.
With that said, you are on the edge of the area where the Meramec is being developed and there are wells in the sections north and west of you. By no means am I saying the acreage is ‘bad’ or anything like that; the wells are attractive. I’m just saying that relating one area to another, even when they are relatively close, can be dangerous and it’s best to take a closer look at what may drive values.
The Woodford thins as you move north and east from Blaine into Kingfisher (away from Cana). There are Woodford wells around your acreage and it’s definitely prospective, but it’s relatively thin as compared to the focus areas to the south. Similar to the Meramec, there aren’t many Woodford wells northwest of your location.
The Hunton is another target and is a focus of development to the east. The Hunton deepens as you move south and west into Blaine from Kingfisher. Once again there are Hunton wells around your acreage, and it’s definitely prospective.
If you pull up Continental’s October 2016 DUG STACK presentation, S35 17N 10W is literally on their ‘over/normal’ pressure line. [http://investors.clr.com/phoenix.zhtml?c=197380&p=irol-presentations](http://investors.clr.com/phoenix.zhtml?c=197380&p=irol-presentations)
What that means to your potential economics and therefore value per acre is “good” versus “really good” wells. The better the wells the more $$$ per RI per Acre. 16N10W just happens to be in a better area, and as Ben points out, acreage values are rather impressive.
Finally, outside of the aforementioned items, the operator on Section 35 is seemingly pursuing vertical development. This impacts the potential value, as one of the biggest unknowns (once you nail down the easy stuff like geology, petrophysics, petroleum engineering, quantum… you get the point) is when is the dang acreage going to get drilled with all of these wells that spit out hundred dollar bills???
Anywho… it’s getting late… y’all have a wonderful evening.
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### Author:  [@Jeffrey\_Beunier](https://www.mineralrightsforum.com/u/Jeffrey_Beunier)
#### Post date: [April 19, 2017, 5:41am UTC](https://www.mineralrightsforum.com/t/need-appraisal-forblaine-county-mineral-interest-s35-t17n-r10w/3433/9 "2017-04-19T05:41:04Z")
I tried to upload the presentation I mentioned, but it’s too large… sorry.
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### Author:  [@David\_B\_Toney](https://www.mineralrightsforum.com/u/David_B_Toney)
#### Post date: [May 2, 2017, 8:44pm UTC](https://www.mineralrightsforum.com/t/need-appraisal-forblaine-county-mineral-interest-s35-t17n-r10w/3433/10 "2017-05-02T20:44:09Z")
Jeff’s response is pretty spot on! We have had a 5K PNMA purchase price difference from one Section to the next due to geology.
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### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [August 14, 2018, 10:38pm UTC](https://www.mineralrightsforum.com/t/need-appraisal-forblaine-county-mineral-interest-s35-t17n-r10w/3433/11 "2018-08-14T22:38:16Z")