Has anyone sold their mineral rights in Roger Mills County lately? Section 13-15N-21W. Had a landman contact the 4 of us wanting to know what’s a fair price. Also one sibling already signed and mail the papers back check is supposed to be in the mail few days ago hope he gets it. Afraid to send signed form back and give up all rights and then be mailed a check. Any advice would be appreciated. Thanks in advance.
I would think that the suggested way to get paid for leases would work for sales also. You mail a copy of the notarized paperwork to the buyer while retaining the original. Upon receiving the check and the funds clearing, then you can mail the original.
Mewbourne just drilled the Ruben Rivers 24/13 PA well. It was completed on 10/13/25 in the Cherokee, so they want to buy before you realize there is a well. They want the royalties from that well. And the future royalties from any infill wells down the line. Horizontals typically perform much better than vertical wells due to the hundreds of feet of perforations. Estimated ultimate recoverable is about 1.5 BCF and over 400,000 bbls of oil. By asking you what you think is a fair price, they can lowball you because you are not as informed as they are about the potential.
3 Likes
Might not want to sell your mineral rights since there is a new well there. Whoever you sell to will be receiving your royalties.