New Lease Offer in Stephens County

Oklahoma Mineral Rights Stephens County, OK
1

We received a lease offer from Lincoln Land & Tile, LLC on behalf of Warwick-Jupiter, LLC. The initial well (16-21 5WHX) will have an estimated true vertical depth of 17,405 feet and a true measured depth of approximately 25,370. The well is anticipated to be drilled from the NE/4 NW/4 of section 16-2N-5W and extend southward to the SE/4 of Section 21-2N-5W, with an approximate lateral length of 10,230 feet. The options provided are as follows:

  1. Interest in the unit for $700/acre; reserving 1/8 royalty (12.5%)
  2. Interest in the unit for $600/acre; reserving 3/20 royalty (15%)
  3. Interest in the unit for $400/acre; reserving 3/16 royalty (18.75%)
  4. Interest in the unit for $300/acre; reserving 1/5 royalty (20%)

Any opinions or feedback regarding this lease offering is greatly appreciated. If any more details are necessary, please let me know.

Thanks

RLMason