Section 17 Township 7N Range 2 West McClain county


#1

What is currently going on in the area listed above. I have received two offers to lease mineral rights. There is already one well across hiway 74 and about three blocks west. Offer is from BP through a leasing organization. Offer seems low. Anyone know some going rates around the area?


#2

BP has taken over from Charter Oak and is drilling horizontal wells. Charter Oak had pooled sec 31 in 2017 at $150 at 3/16ths, but they did not get the horizontal drilled in the time frame given.

Okland pooled 80 acres in 16 for $100 3/16 in 2017 for a shallower horizon.

Prices are generally in that range according to the poolings.