# Valuation of non-producing minerals
**URL:** https://www.mineralrightsforum.com/t/valuation-of-non-producing-minerals/67013
**Category:** Oklahoma Mineral Rights
**Created:** [July 9, 2022, 2:35pm UTC](https://www.mineralrightsforum.com/t/valuation-of-non-producing-minerals/67013 "2022-07-09T14:35:00Z")
**Posts on this page:** 10
**Page:** 1
### Author:  [@Mrs\_M](https://www.mineralrightsforum.com/u/Mrs_M)
#### Post date: [July 9, 2022, 2:35pm UTC](https://www.mineralrightsforum.com/t/valuation-of-non-producing-minerals/67013/1 "2022-07-09T14:35:00Z")
How do I value property in Garfield County, Oklahoma, which is not currently producing minerals but has wells drilled, and may produce in the future? Thank you for any help with this.
---
### Author:  [@TODD\_M\_Baker](https://www.mineralrightsforum.com/u/TODD_M_Baker)
#### Post date: [July 9, 2022, 6:06pm UTC](https://www.mineralrightsforum.com/t/valuation-of-non-producing-minerals/67013/2 "2022-07-09T18:06:36Z")
IMHO, if the minerals are not leased and not producing, the value is very near zero.
---
### Author:  [@tracy\_lenz](https://www.mineralrightsforum.com/u/tracy_lenz)
#### Post date: [July 11, 2022, 6:52pm UTC](https://www.mineralrightsforum.com/t/valuation-of-non-producing-minerals/67013/3 "2022-07-11T18:52:20Z")
When you say the wells were drilled but not producing, when were they drilled? Recently? That would be an entirely different story if they were new wells. If you include a Township/Range/Section we can take a look at it in more detail.
---
### Author:  [@Mrs\_M](https://www.mineralrightsforum.com/u/Mrs_M)
#### Post date: [July 11, 2022, 8:28pm UTC](https://www.mineralrightsforum.com/t/valuation-of-non-producing-minerals/67013/4 "2022-07-11T20:28:12Z")
Thank you for helping.
They’re Garfield County, Oklahoma Sec. 15/ Township 20N/ 5W and Sec. 2-20N-15W
---
### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [July 11, 2022, 8:37pm UTC](https://www.mineralrightsforum.com/t/valuation-of-non-producing-minerals/67013/5 "2022-07-11T20:37:36Z")
Do you mean 5 W or 15W? 15W is in Major County.
---
### Author:  [@Mrs\_M](https://www.mineralrightsforum.com/u/Mrs_M)
#### Post date: [July 11, 2022, 8:55pm UTC](https://www.mineralrightsforum.com/t/valuation-of-non-producing-minerals/67013/6 "2022-07-11T20:55:27Z")
Sorry… it’s 5W, my typing is awfully slow.
---
### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [July 12, 2022, 5:34pm UTC](https://www.mineralrightsforum.com/t/valuation-of-non-producing-minerals/67013/7 "2022-07-12T17:34:47Z")
2-20N-5W Myrna 1 is still barely alive, but in the SW4. If your acreage is not in the SW4, then no royalties for you. There was a horizontal well but production ceased in May 2020. The last OCC case was in 2018 when Longfellow sold to SK Nemaha LLC. No new leasing.
15-20N-5W- Last production was from the Rita Belle 6 which stopped in June 2021. It was in the NW4. Other wells ceased production before then. Last OCC case was in 2018 when Longfellow sold to SK Nemaha LLC. No new leasing since 2012.
Not an active area at this time, so value would be very low.
---
### Author:  [@Mrs\_M](https://www.mineralrightsforum.com/u/Mrs_M)
#### Post date: [July 12, 2022, 8:33pm UTC](https://www.mineralrightsforum.com/t/valuation-of-non-producing-minerals/67013/8 "2022-07-12T20:33:30Z")
Thank you for your incredibly thorough research. I hadn’t received any royalties for several years so was pretty certain the current valuation is low.
Take care and thanks again.
---
### Author:  [@M\_Barnes](https://www.mineralrightsforum.com/u/M_Barnes)
#### Post date: [July 12, 2022, 9:33pm UTC](https://www.mineralrightsforum.com/t/valuation-of-non-producing-minerals/67013/9 "2022-07-12T21:33:45Z")
Sorry to bear bad news. But it is what it is. There was some interest in parts of Garfield a few years ago, but that has waned for the moment.
---
### Author:  [@system](https://www.mineralrightsforum.com/u/system)
#### Post date: [October 7, 2022, 2:36pm UTC](https://www.mineralrightsforum.com/t/valuation-of-non-producing-minerals/67013/10 "2022-10-07T14:36:00Z")
This topic was automatically closed after 90 days. New replies are no longer allowed.