I work for a nonprofit that owns some mineral rights in various parts of Oklahoma. We recently were contacted re:
SE/4 of Section 34-26N-8W, Grant County, OK – 120.00 net mineral acres
S/2 NW/4 of Section 3-25N-8W, Grant County, OK – 58.95 net mineral acres
We have been offered 3 year term, 3/16ths royalty, $300 per acre bonus. Can anyone tell me if these are good terms for these sections in Grant County? The landman said he did not know the type of drilling being planned.