Has anyone been given offers or heard of offers to buy mineral rights near 10-1S-6W or 15-1S-6W? If so, what’s been the going rate per acre? (Non producing) Is there activity near this area of Stephens County?
Rule of thumb is 3 times the amount of what you can lease it for.
We have rights in 1S 6W and I have not seen any interest on it. All of the recent stuff I have seen has been east of there. Is that near the highway that runs between Duncan and Velma?
I did a bit of search and the only new leases in the last year in 1S 6W were in Section 7.
Gary, do you mean NE Stephens?
Most of the recent permit activity I have seen has been in the eastern part of Stephens County.
The deep drilling seems to be isolated in the NE, but the shallow well permits have been all along the east in Township 4 and 5 West.
Carter County also borders Stephens and has seen quite a bit of recent activity as well.
I sure wish we had more in NE!
Hey Gary,
There are seismic crews out there all along Highway 29. There will be plenty of activity soon in southwestern Garvin County.
I have been getting offers but they have been scattered all over Stephens and Carter. It seems we get one a week anymore. We have about 4 NMA in Township 1 North, Range 3 West of Garvin, but I don’t remember seeing anything come in on it.