We have a lease on this property Sec 7,15N, 23W that was signed in 2024 and it had a big lease bonus, but haven’t recieved any royalties yet. I’ve heard that someone is drilling there and the horizontal going the other direction was very productive, so I’m hoping that the horizontal now drilling on my lease will be equally productive.
We have a relative that is on hard times and wondering what the prospects are for getting some decent royalties on this property? The interest is 3/16th
They should probably entertain offers to sell or sell a portion. Most people who’ve never received revenue off minerals would be surprised at how the monthly cashflow pales in comparison to a legit purchase offer, even if the well is big. If it’s an offer from a legit company it will take years for the buyer to recoup their investment.
Maybe go to www. shalexp . com/oklahoma/properties and find the name of the nearby well to see how much it has produced and the site’s Valuation Estimate for a 0.05 decimal interest in the well. Remember multiple wells could be drilled. Your relative might be able to get a loan on future production which would allow him/her to get through the hard times without selling the minerals. I am not giving any financial or legal advice with part of this reply.
Maybe go to www. Active Oil and Gas Properties in Oklahoma and find the name of the nearby well to see how much it has produced and the site’s Valuation Estimate for a 0.05 decimal interest in the well. Remember multiple wells could be drilled. Your relative might be able to get a loan on future production which would allow him/her to get through the hard times without selling the minerals. I am not giving any financial or legal advice with part of this reply.