# Recent offers in Grady Co on 17-9N-8W & 7-7N-8W
**URL:** https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950
**Category:** Grady County, OK
**Created:** [September 22, 2017, 8:40pm UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950 "2017-09-22T20:40:59Z")
**Posts on this page:** 13
**Page:** 1
### Author:  [@Francine\_Millican](https://www.mineralrightsforum.com/u/Francine_Millican)
#### Post date: [September 22, 2017, 8:40pm UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950/1 "2017-09-22T20:40:59Z")
Have received substantial offers to lease the minerals in these 2 sections. Anyone know what companies are leasing here? ANY & ALL INFO APPRECIATED.
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### Author:  [@Garland\_Smith](https://www.mineralrightsforum.com/u/Garland_Smith)
#### Post date: [September 22, 2017, 9:42pm UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950/2 "2017-09-22T21:42:49Z")
Your post is somewhat vague. You have already HAD substantial offers?
You are looking for substantial offers?
I have had offers from two outfits.
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### Author:  [@PKD](https://www.mineralrightsforum.com/u/PKD)
#### Post date: [September 22, 2017, 10:55pm UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950/3 "2017-09-22T22:55:50Z")
Would you please friend me as I own a few acres in this area. Would like to discuss.
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### Author:  [@Francine\_Millican](https://www.mineralrightsforum.com/u/Francine_Millican)
#### Post date: [September 23, 2017, 7:23pm UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950/4 "2017-09-23T19:23:40Z")
We have received offers.
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### Author:  [@Garland\_Smith](https://www.mineralrightsforum.com/u/Garland_Smith)
#### Post date: [September 23, 2017, 8:06pm UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950/5 "2017-09-23T20:06:39Z")
I know of three mineral owners in the area around you that are at $6000.00 per acre and 1/4 for 36 months.
All are still in negotiations, none have accepted at this time.
Since you play your hand close, I assume you have done this sort of thing before.
If you haven’t, you’re in the middle of a financial minefield, find people who know more to help you, even if you must pay them. At some point before you sign, hire an oil and gas attorney to help with the final agreement.
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### Author:  [@David\_W\_Neill](https://www.mineralrightsforum.com/u/David_W_Neill)
#### Post date: [September 26, 2017, 2:16am UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950/6 "2017-09-26T02:16:26Z")
Can you say if the $6k/25%/36mo is asked for, or offered?
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### Author:  [@Garland\_Smith](https://www.mineralrightsforum.com/u/Garland_Smith)
#### Post date: [September 26, 2017, 4:02am UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950/7 "2017-09-26T04:02:28Z")
Asked.
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### Author:  [@Duff\_B](https://www.mineralrightsforum.com/u/Duff_B)
#### Post date: [September 30, 2017, 8:24pm UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950/8 "2017-09-30T20:24:41Z")
North of you in 10N-8W… we leased in two sections back in June to CLR for 3 years, $6500 and 1/5. We negotiated with probably thirty people in the six months leading up to the existing lease expiring. The phone rang off the hook. (That included us getting a signed letter of intent with a person who claimed to represent a company in Tuttle, for $7000, 1/5th and 3 years. They backed out when it came time to pay up.) State auction results for the area were in the $6000 and 3/16 range for three years around the same time, shortly before or shortly after, I forget which. You might do better! Hope so! We were thrilled. There is a filing for spacing on one of the two of ours.
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### Author:  [@Garland\_Smith](https://www.mineralrightsforum.com/u/Garland_Smith)
#### Post date: [October 1, 2017, 3:29pm UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950/9 "2017-10-01T15:29:58Z")
The norm on royalties these days is 1/4.
It appears that in Grady County the experienced mineral holders are getting $6,500 to $7,000 per acre,
1/4 for 36-month lease, no extension, no production cost.
Remember, the bonus is a one-time thing. Concentrate on your percentage and eliminating extensions and production cost.
It would be foolish to drop below 1/4 (25%) and never accept production cost deductions and never agree to guarantee the deed.
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### Author:  [@Brandi\_Mays1](https://www.mineralrightsforum.com/u/Brandi_Mays1)
#### Post date: [March 21, 2018, 6:47am UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950/10 "2018-03-21T06:47:12Z")
What sections? I have some in 19.
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### Author:  [@Chance](https://www.mineralrightsforum.com/u/Chance)
#### Post date: [March 26, 2018, 11:55pm UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950/11 "2018-03-26T23:55:02Z")
The norm is absolutely not a 1/4. There are far more leases at 3/16th or 1/5th.
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### Author:  [@mwiman](https://www.mineralrightsforum.com/u/mwiman)
#### Post date: [April 4, 2018, 7:52pm UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950/12 "2018-04-04T19:52:36Z")
I have a lease up for renewal in Section 29-8N-6W, Grady County. Any ideas on the going lease rates with 1/4 royalty?
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### Author:  [@MRFAdmin\_SV](https://www.mineralrightsforum.com/u/MRFAdmin_SV)
#### Post date: [January 11, 2025, 6:12pm UTC](https://www.mineralrightsforum.com/t/recent-offers-in-grady-co-on-17-9n-8w-7-7n-8w/1950/13 "2025-01-11T18:12:05Z")