I have been offered $750 an acre in Stephens County, Section 22-Township 2 South-Range 4 West. Is this a fair price? 3 years & 3/16th royalty. Any idea on the average sale price in that section? I’m a total newbie.
Bill,
I replied on your other post but this is a better place for it.
I would pass on the offer and hold for the nearby pooling orders to issue. I think you will see higher numbers.
Regardless, the lease bonus amount may not be the most important part of the lease. You have a lot of reading to do! 
I do indeed…thx again!
Bill,
The question is more complicated than it seems on the surface. A lot will depend on your personal situation. How much property you have, your risk tolerance, your financial situation, age and health, long term vs short term goals, etc. One of the “a bird in the hand is worth five in the bush” kind of deals!
I just received an “Order of Payment” for 1500 and 22% for Section 22, Township 1N, Range 6W. Know nothing about any of this. How can I find out where this location is? I have separate properties I received orders for.
Steve, that’s a link to the Stephens County “Township/Range” map. First, use the 1N/6W coordinates to find your general location. Then use the “Section” number to find the 640-acre “Section.”
PS Steve, the “Comment Wall” is the place to ask questions. People like Michael Hutchison & Rick Howell are really helpful & kind!
William, thanks for the help but I tried the link and got the blasted Error 404. What is the website to get to that site?
Willam A. said:
Steve, that’s a link to the Stephens County “Township/Range” map. First, use the 1N/6W coordinates to find your general location. Then use the “Section” number to find the 640-acre “Section.”
Try the entire thing (think I missed the last part when copying). Forgot to mention, copy & paste the link into your browser instead of double clicking on it. Hope it works! If not, go on the “comment wall” and ask if anyone has a Stephens County “township map” link. Good luck!
FileNotFoundUJ4PahaQRR4HhhFsJHjw7gV6RdLt5ZbdN1yti43FvVW/StephensCountyMap.pdf
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Steve, I think it’s an Amer. Petroleum Institute map, but you have to join to get access to the maps. The link was posted by someone on this forum & said just to copy & paste into your browser.
William, these are old but you can get a general idea of where you are. Redirecting...