For any minerals that are open and available or lease expiring soon and they are in Dewey County and in the North or North West STACK SCORE plays of Newfield's your minerals are worth much more than you think and have been lead to believe by the oil companies.
For the following reasons.
For years they paid 1000@ 3/16 or a 1/5 sometimes a 1/4 for only 1 well on each section that would only produce 100 to 500 Barrels of Oil per day.
Now with all the new technology, these same wells that only produced 100 to 500 BPD now on average are at 2000 BOE per day and they are drilling multiple wells per section all producing about 2000 BOE per day. Anywhere from 6 to as many as 20 wells or more in the many pay formations that lie below most all sections in the STACK play. In addition these wells today only cost 7 million to complete and before it was 12 to 15 million only 3 years ago. So there cost and expense have been cut in half providing them just that more profit.
So increasing there barrels of oil per DAY very significantly from what they did only a few years ago.
Therefore the value of our minerals has increased significantly as well. However, the oil companies would lead you to believe they haven't increased at all and still only offer 1000@3/16 is a good offer that they want you to accept. DON"T! YOUR MINERALS ARE WORTH SIGNIFICANTLY MORE JUST AS THE AMOUNT OF OIL PRODUCED THAT HAS INCREASED SIGNIFICANTLY AS WELL.
C.R. SMITH FAMILY FARM, LLC
26.575 NMA 4-18N-14W Dewey County
Cameron R. Smith, CEO
Tel: (707) 486-3533
Website: https:// crsmithfamilyfarms.com/