Can anyone tell me what minerals are leasing for in this area and are there any permits?
Township and Range from the legal description would be needed as there are several section 21 and 29s in Grady Co.
There is also a Grady county area that would be worth reading through the history.
http://www.mineralrightsforum.com/group/grady-county-ok-oil-gas
According to Okla Mineral Registry........revised as of March 1, 2013 # of new wells in Grady Co. is 82 with the average lease payment of $1,000.00 and the highest lease payment of $1,600.00 acre. Good Luck!!
Gail,
Things like the Okla Mineral Registry and US Lease Price report by Lierle are just not that accurate compared to what I am personally seeing. Lierle is quoting a high of over twice what OMR is.
But the big problem with these publication is that they treat everything in the county the same. In Stephens County based on a 3/16 RI you will easily see in excess of $2500 in parts of the NE portion. Go to the south border in the Western 2/3rds of the county and you'll be lucky if you can $25 to $50 "IF" you can even get a lease.
Rick Howell said:
Gail,
Things like the Okla Mineral Registry and US Lease Price report by Lierle are just not that accurate compared to what I am personally seeing. Lierle is quoting a high of over twice what OMR is.
But the big problem with these publication is that they treat everything in the county the same. In Stephens County based on a 3/16 RI you will easily see in excess of $2500 in parts of the NE portion. Go to the south border in the Western 2/3rds of the county and you'll be lucky if you can $25 to $50 "IF" you can even get a lease.
Well I just wish we had more in Stephens Co.......we leased a long time ago but I will have to say it has been one outstanding well!!! We have interest in many counties in Okla but the one that seems to really be lacking interest is Murray!!! Wish someone was doing more exploring there!!