Looking for any recent leasing activity in or adjoining Grady Co Sec 33 5N 5W. Someone is interested in purchasing our WI, NRI, ORRI, in 3 wells. 110 acre gross lease , our working interest is .2636730 with NRI of .2162943. We are trying to determine a fair market value. Appreciate any commets.
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You may have horizontal wells coming. OCC cases have already been filed. You have room for additional horizontal wells, so if you don’t need to sell, then you might wait a year and see what happens!
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Thanks much appreciated,
36-60mo cashflow, hard to put PUD value on it for a few dif reasons