My company and relatives possess mineral acreage in Section 26 & 35-1N-4W. Over the past two months Oklahoma companies are offering to buy ranging from $4,000 to $9,500 per net mineral acre.
I think my minimum price should be $15,000 per net mineral acre given perceived interest in exploring zones deeper than what has been traditionally exploited.
I would like to hear from forum members concerning reasons for heightened interest in this area.
Not realistic. I checked the records - in Section 26, the last sale was for $4,500 an acre. Make sure there’s not proportionate reduction language in that $9,000 an acre offer. To me, that seems more than fair for the area.
Cole, about a week ago I made a deal to sell Stephens County Section 26 Township 2S Range 4W for $8,100 per net mineral acre. Two months prior I had leased it for $2,500 per net mineral acre 1/4 interest.
It started out at $5,000 per net mineral acre then more companies were interested. Within a week’s period it went up to $8,100 per net mineral acre.
I was paid $8,500 a net mineral acre in Section 25 Township 2S Range 4W a few years ago. I would think with a horizontal well going into Section 25 and 26 that net mineral acre would be worth twice what I got paid.
Kent, I agree, get a few wells on there and the value goes way up. We have 10 wells in Township 2N Range 4W and have been offered up to $18,500 per net mineral acre for 3/16 and $21,000 for 1/4.
Hello, me and my sister own mineral in those very Section and Township. We have wells already in the area also but we can’t get anything going because of held in production by Le Jones. We keep getting papers with bonus offers and such but it always falls off. Going to call them on it tomorrow. Nice to see folks with same area mineral rights. God bless. TTYL.